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.
'The bond market is structured around the trading habits of large institutions,' said a Cerulli director. 'With rare exceptions, fixed-income separately managed accounts are likely to continue to be manager-traded.'
Only 184 insurance companies rated by AM Best had defined benefit plans at year-end 2019, compared with 257 in 2016, according to a new report. Aggregated insurance company unfunded pension benefits have dropped to $13.9 billion in 2019 from $19.4 billion five years ago.
With his Made in America Tax Plan, announced Wednesday, President Biden would raise corporate tax rates and try to stop transfer pricing worldwide. He wants to raise revenue and right perceived wrongs.
The Alliance for Lifetime Income said economist Jason Fichtner will chair its Retirement Income Institute and that it would partner with CANNEX to produce new research on annuities.