A Chip Off the Old Rock?

Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.

Life Insurers face “The Great Call”: Larry Rybka

Isn't it time for someone to say something loud about the damage (seen and unseen) inflicted on traditional life insurance companies--and their strategic partners and customers--in recent years? Larry Rybka, CEO of Valmark Financial Group, thought so. He expressed his opinion in a video that's worth 15 minutes of your time.
Re: Rollover Advice

DOL releases guidance on fiduciary investment advice

The Biden Department of Labor evidently wants retirement plan participants to be ready with questions to ask advisers who invite them to roll their plan assets to a brokerage IRA. Two publications remind investors that advisers must put investors' best interests ahead of their own.

Advisors underestimate interest in ESG investing: Cerulli

'Asset managers and advisors are discounting the interest from a broad swath of the investing public,' Cerulli's Matt Belnap said. 'Both asset and wealth managers should seek to make ESG investing more accessible across wealth tiers.'


April 8, 2021

What’s Cooking at ‘Income Lab’?

At their software start-up, Income Lab, three former Jackson National Life executives want to help advisers help clients optimize retirement income. They enter a financial planning field dominated by MoneyGuidePro and eMoney Advisor.
April 1, 2021

Security Benefit Life’s Secret Sauce

Joe Wittrock, CIO at Security Benefit Life, explains how the firm's investments outperform. Eldridge Industries, run by ex-Guggenheim president Todd Boehly, owns SBL, Billboard magazine (right, with Billie Eilish on the cover) and lots...
March 25, 2021

Research Roundup

Here's new research on tax avoidance among the very rich, the logic that millionaires use when buying equities, considerations for plan sponsors when estimating income from 401(k) balances, and a worst-case scenario for future...