Securian Offers “MyPath” VA Income Riders
"MyPath is less a statement on interest rates than a reflection of our desire to allow advisers to dial-in what each client needs," said Dan Kruse, second vice president...
A Roundup of RIIA’s Meeting in Texas
Michael Finke of Texas Tech, John Salter of Evensky & Katz Wealth Management, Larry Cohen of Strategic Business Insights and others presented at the Retirement Income Industry Association's annual...
FIA investor barred from New York insurance
Philip A. Falcone of Harbinger Capital Management may not exercise control over a New York-licensed insurance company for seven years, by order of the New York Superintendent of Financial...
Dealing with Auto-Enrollment’s Dilution Effect
By increasing enrollment, auto-enrollment inevitably increases the number of employees eligible for a matching contribution, if any, and in such cases can drive up employer costs. Something’s got to...
New York Life DIA wins innovation award from RIJ and RIIA
At the RIIA annual conference in Austin, Texas, this week, awards were given to New York Life, Jackson National, JP Morgan Chase, Prudential, Shlomo Benartzi, Wade Pfau and Michael...
What do multinational companies think about retirement? Brussels bureaucrats want to know
So far, five giant plan sponsors, including Shell, have joined a group that will advise PensionsEurope, an association of pension associations in 21 European countries.
The global retirement puzzle remains unsolved: Mercer
In its annual report on global pensions, Mercer notes that the world is embracing the DC model but still hasn’t figured out how to help participants convert the assets...
A Conspiracy against Public Pensions?
Either paranoid or perceptive, public pension administrators say they are being sandbagged by a pervasive, persistent stealth effort to convert their DB plans to DC and gain greater control...
To woo younger clients, New York Life halves its minimum DIA premium
The primary funding method for New York Life’s book of GFIA business, which has an average initial premium of $100,000, is via a rollover from another qualified plan. So...
Quote of the Week
"Whether in taking out a student loan, buying a house or saving for retirement, people are being asked to make decisions that are difficult even if they have graduate...
The Crone or the Elegant Lady?
People are entitled to their own opinions but not to their own sets of facts, the scholar-politician Daniel Moynihan famously said. A collision of two versions of the “facts”...
Why Retirees Should Choose DIAs over SPIAs
While partial annuitization causes an initial drop in financial assets, the income from annuities reduces the subsequent drawdown from investments. "In fact, the financial legacy is larger for...
Don’t underestimate the (well-educated) older worker, economist says
The old folks are alright. Older workers (60-74) evidently won't dilute the nation's productivity by staying in the labor force, says a Brookings Institution economist, because only the most...
Inflation or deflation? It’s a toss-up
It's hard to say whether the combination of aging populations, low interest rates and high government debt will lead to deflation or inflation, says AXA Investment Managers. But in...
International Paper settles 401(k) fee case for $30 million
In addition to the payment of $30 million, the settlement requires International Paper’s 401(k) plans to be monitored for four years and requires the company to put its recordkeeping...
Shedding Light on Shadow Reinsurance
New research from the London Business School and Federal Reserve Bank of Minneapolis adds detail to the use of "shadow reinsurance" by life insurers, a practice that frees up...
How to Take the Federal Budget Debate in Stride
Don't let political disruptions in Washington disrupt your long-term investing strategy, say Vanguard's experts.
Goldman Touches the FIA Market
A Bermuda domicile is just one of Global Atlantic Financial Group's competitive edges. Last week, the former Goldman Sachs Reinsurance Group added Forethought, which markets variable, fixed and fixed...
Drew Carrington joins Franklin Templeton’s DCIO business
In the recent past, Carrington served as head of the Defined Contribution and Retirement Solutions Group at UBS Global Asset Management.
