Yale, MIT and NYU Sued over Retirement Plan Fees

By Kerry Pechter
The universities' retirement plans were the latest to be sued by the law firm of Jerome Schlichter (pictured at his office in St. Louis) for violations of fiduciary duty. The suits charge that the schools should have bargained for lower fund expenses and administrative fees.

Advisors: Give this ‘Tilt’ a Whirl

By Kerry Pechter
Last month, we reported on John Walton's "tilt" method of fine-tuning systematic withdrawals in retirement. New research by the Texas hydrologist-turned-retirement income specialist combines tilting and income annuities.

With ‘Fidelity Go,’ Fido Goes Robo

By Kerry Pechter
Although Schwab and Vanguard have a head start in this space, “I don’t think Fidelity has lost anything by waiting,” William Boland, an analyst with Aite Group, told RIJ.

Off the Grid

By Kerry Pechter
As the DOL rule changes the role of the employee-advisor, the mode of compensating and incentivizing advisors may need to evolve. And that may spell changes in the almighty “grid.”
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Variable annuity fee income boosts Jackson’s performance

By Editorial Staff
'Consistent with the rest of the industry, variable annuity sales have slowed due to market volatility and activity surrounding the U.S. Department of Labor fiduciary rule,' said Barry Stowe, Jackson's chairman and CEO.

TIAA buys Everbank

By Editorial Staff
EverBank stockholders will receive $19.50 per share in cash, or an approximate total of $2.5 billion.

Scalable Capital, a German robo, enters UK market

By Editorial Staff
In addition to the average ETF fee of 25 basis points, Scalable Capital charges an all-in annual fee of 75 basis points, for an approximate annual expense ratio of 100 basis points (one percent).

Bank of England’s rate cut draws criticism

By Editorial Staff
'Trustees of pension schemes, whose deficits keep rising, are facing almost impossible investment dilemmas,' said Amlan Roy of the London School of Economics.