Who ya gonna call when former participants disappear, but their retirement accounts remain undead and their checks ($735,000, in one case) go uncashed?
Boston College, DCIIA and Morningstar provide new research on Britain's 'NEST' experience with auto-enrollment, custom TDFs and why replacing bad 401k investment options is a good idea.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
From an absolute performance standpoint, T. Rowe, TIAA-CREF, Principal, Great West and John Hancock led the 2012 charge. T. Rowe Price, TIAA-CREF and Principal were also among the top performing TDFs over the trailing three-year period calendar period.
Detroit, not unlike parts of Baltimore and Philadelphia and many smaller Rustbelt cities, isn’t so much a failed city as an abandoned one.
“The share of retirees collecting Social Security at age 62 has fallen 12 percentage points over the past decade,” to about half of women and less than half of men, according to a new report from the Urban Institute.
Great American Life is a top five provider of fixed and fixed-indexed annuities in the financial institutions market, according to BISRA 2013 first quarter bank channel annuity data report and Beacon Research 2013 first quarter fixed annuity premium study.
Sammons has added 36 new mutual funds to its LiveWell and LiveWellPlus Mutual Fund IRA Series offerings and eight investment options to its LiveWell Variable Annuity.
Data shows that S&P 500 defined pensions reached an underfunding status of $451.7 billion in fiscal 2012, up $97 billion over the $354.7 billion posted in 2011. Other post-employment benefits saw underfunded levels increase to $234.9 billion in 2012 from $223.4 billion in 2011.
The U.S. Attorney's office in Boise, Idaho, issued a press release following Matthew Hutcheson's sentencing. A retirement plan fiduciary and at one time a vocal advocate for better fiduciary practices, he was convicted last April of using plan assets to buy a golf course at a bankrupt resort near Boise.
NEXCOM’s 300 stores and 14,000 employees provides military members, retirees and their families with retail products and services worldwide.
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