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.
Debt service can crowd out savings: LIMRA
Advisors with clients in their 40s need to know how heavy a debt load they are carrying, LIMRA said in a release.
Deloitte publishes annual DC benchmarking survey
There continues to be limited interest in in-plan annuities, with 6% of plans offering this option in 2013, up from 4% in 2012. Ten percent of plan sponsors indicated...
The Bucket
Brief or late-breaking items from Lincoln Financial Group and Global Atlantic Financial Group, Ltd.
Older, wealthier U.S. households grew more so in 2000s: Census
For Americans ages 65 and older, the real median household net worth increased for between 2000 and 2011, with the age 65-to-69 subgroup seeing the largest increase ($40,000 or...
This is your brain on money
Public television will turn its inquisitive light on the topic of behavioral finance next October 16.
FIA sales could reach $50 bn in 2014: LIMRA
"This is only the second time we have seen quarterly sales over $60 billion since the third quarter of 2011," said Todd Giesing, senior analyst, LIMRA Secure Retirement Institute...
“I’m delaying Social Security until age 70. How do I pay for Medicare before then?”
Aren’t Medicare premiums typically deducted from Social Security benefits?
