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 on an open-source software tool that can help advisers and their clients test retirement income strategies.
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.
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.
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 else.
As was the case during the global financial crisis, investors today seem to be having difficulty in estimating, pricing, and hedging a variety of tail risks properly, writes NYU professor and economics pundit Nouriel Roubini in this guest column.
“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 Group. ING US is nearing the end of its year-long rebranding effort.
With so many advisers and companies focusing on the high net worth investor market, America's 13 million middle-market investors continue to be neglected and underserved. Therein lies opportunity, according to LIMRA's research unit.
Many Americans regard financial products as too complex, or say they don’t have time to learn about finance, or are uncertain about how to get started, according to an online poll sponsored by Genworth of 1,016 Americans over age 25 with at least $50,000 in savings.