Finns will link retirement age to longevity in 2028
The pension reform, which will come into force at the beginning of 2017, aims to extend working life and narrow the sustainability gap of the whole public economy by...
RIAs recognize “robo-advisers” as threats: Scottrade
Many registered investment advisers say robo-advice will put downward pressure on fees, force RIAs to appeal to younger investors, and cause investors to “expect newer ways of interacting with...
The Bucket
Brief or late-breaking items from Integrity Life, Guggenheim Partners, TIAA-CREF, and Wells Fargo Advisors.
To exit DB plan, Motorola buys group annuity from Prudential
Motorola Solutions Pension Plan intends to purchase a group annuity contract under which Prudential will pay and administer future benefits to the approximately 30,000 retirees who currently receive payments....
A robo-advisor aims at the 401(k) market
“Our goal is to ‘fix’ the epidemic of inappropriately invested 401(k) plans with a simple, scalable, professional service,” said Chris Costello, co-founder of blooom, in a release.
Mailings of paper Social Security statements to resume
Everyone over 18 will receive a benefits projection statement once every five years. After age 60, people will receive a statement every year.
The Bucket
Brief or late-breaking items from Deloitte, Voya, Lincoln Financial, Strategic Business Insights and Morningstar Inc.
Cerulli publishes pointers on capturing IRA rollovers
Of the $1.1 trillion that former participants could have rolled over in 2013, $720 billion remained in plans, awaiting future action, Cerulli analysts said.
Many women minimize their Social Security checks: Nationwide
Women who took their benefit early reported an average monthly payment of $1,025. Those who waited until age 70 collected an average of $1,630 a month, according to Nationwide's...
Don’t fall in love with “Inge”
Using Inge, ING customers will be able to speak via a “human-like conversational interface” to control their mobile banking app.
Oregon gets closer to sponsoring a statewide retirement plan
“The next step is for the legislature to settle on details and create a savings program," said Edward Brewington, AARP Oregon executive council member.
The Bucket
Brief or late-breaking items from Western & Southern, BNY Mellon, and Jefferson National.
Robo-advisors aren’t science fiction: Celent
A new report challenges the notion that investors will continue to want or need face-to-face contact with the person managing their money.
Risk-reduction strategy pays off for UK fund
Using a custom diversification measure, where 0 signifies absolute correlation and 1 no correlation, the manager of the Now Pensions fund adjusts its portfolio to stop unexpectedly correlated assets...
Murphy to run Great-West retirement business
Edward Murphy III, previously the head of defined contribution at Putnam, will lead the second largest provider in the U.S. defined contribution market with nearly seven million participants and...
CBO predicts 3.8% fed funds rate by 2019
CBO projects that the federal funds rate will remain near zero until the second half of 2015 and then “rise considerably.”
Do ETFs Increase Stock Volatility?
Authors of a new study, published by the National Bureau of Economic Research, found that a one-standard-deviation increase in ETF ownership of a stock raises its daily volatility and...
Nationwide’s ‘blue frame’ goes out the window
On Sept. 4, Nationwide’s NFL advertising, featuring Peyton Manning, will include the insurer's refurbished 'N and Eagle' brand mark. It will also appear on Dale Earnhardt Jr.’s No. 88...
The Bucket
Brief or late-breaking items from AIG, Plan Strategies, Inc., Great-West Financial, OneAmerica, Voya Financial, USAA, LifeYield, Franklin Templeton Investments and TIAA-CREF.
M&A speculation drove life/annuity stocks in 2Q2014
A.M. Best attributed much of the quarterly gains for L/A stocks to the merger fever that followed Dai-ichi Life Insurance Co.'s $5.7 billion bid for Protective Life.
