SEI Ups its TDF Game
Six months ago, SEI, which specializes in multi-manager TDF funds, recruited veteran defined contribution specialist Scott Brooks (left) away from Deutsche Asset & Wealth Management to start making presentations...
Happy Fifth Anniversary, RIJ
Today’s issue of RIJ, which represents our 250th issue and marks our five-year anniversary as a publication, seems like an appropriate vehicle for a brief message about how we’re...
Where Young Advisors Can Give and Get Advice
“Think of the robo-advisors as high-tech, low-touch, and the high-minimum fee-only planners as low-tech, high-touch. We’re high-tech, high-touch," said Alan Moore, a young planner who, with Michael Kitces, has...
Whose Retirement Crisis Is It, Anyway?
The thrust of last week’s ICI Retirement Summit was that there’s no broad retirement savings crisis needing government action. But that doesn’t mean Boomers won’t need help with decumulation....
Orange You Glad the Re-branding Campaign is Almost Over?
“Orange signals our optimism,” Ann Glover, the CMO of Voya Financial, told RIJ in talking about the importance of Voya's keeping the ING color as it separates from ING...
Bill Sharpe’s New Retirement Blog
On the verge of his 80th birthday, Sharpe, who won the 1990 Nobel Prize for his Capital Asset Pricing Model, has been writing a blog that documents his work...
Managed-Vol: Bromide for Queasy Retirees
Managed-volatility funds can adequately address the income volatility worries of many high net worth retirees, say Milliman and Jefferson National, both of whom are pitching such funds. ...
The Bucket
Brief or late-breaking items from Great-West Lifeco, fi360, SunGard and Cerulli.
In Radical Move, Britain Deregulates Retirement
“Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, any time they want,” said the UK Chancellor of...
Top 20 annuity sellers in 2013
In 2013, Jackson National Life sold $20.9 billion worth of variable annuities and New York Life sold $6.5 billion worth of fixed annuities, to lead those categories. Jackson had...
Beware of Oligopolies in Banking
"I suspect that 2014 will prove to be a critical juncture for determining the future of the banking industry and the role of regulators within that industry," said the...
‘I’ll never retire’ vow weakens with age, survey shows
As people pass age 35 and near retirement, they grow less willing to retire later and more willing to downsize their expenses and lifestyle, according to a new survey...
Poland’s clawback of privately-managed DC funds criticized
In a new report, the OECD (Organization for Economic Co-operation and Development) said the forced transfer—tantamount to state confiscation of private money—of OFE funds to the ZUS has damaged...
AIG’s Bermuda-based unit to offer captive insurance out-sourcing
AIG Captive Management Services in Bermuda will manage the regulatory requirements, financial reporting, and administrative functions for all customers participating in Grand Isle SAC Ltd.
Schlichter sues a hospital chain for “excessive” plan fees
The latest ERISA suit from St. Louis plaintiffs attorney Jerry Schlichter (pictured) claims that Novant Health Inc. violated its fiduciary duty by paying excessive fees to Great-West Life &...
The Bucket
Brief or late-breaking items from Vanguard, Prudential Financial, Nationwide Financial, LPL, Fidelity, Franklin Templeton, the American Bar Association and AARP.
In Hartford, a Public IRA Proposal
RIJ traveled to Hartford on Tuesday for a hearing on a bill that would require most Connecticut employers to offer a retirement plan and would create a default public...
Two Advisers, Two Strong Opinions of FIAs
If annuities in general incite controversy, FIAs are easily the most polarizing annuities. Just listen to what Howard Kaplan, an LPL adviser in the New York area, and Harry...
JPMorgan proposes “dynamic decumulation model”
"Greater lifetime income, through Social Security, pensions and/or lifetime annuities, allows individuals to increase both their withdrawal rates and equity allocations," says the adviser to individuals, institutions and financial...
ASPPA criticizes two Obama budget proposals
As if he relishes poking Brian Graff in the eye, President Obama included two elements in his 2015 budget proposal that especially irk the CEO and executive director of...
