“We know that there’s no free lunch and that you have to take a certain amount of risk. But we don’t want to do anything stupid,” said the head of investment policy at the National Employment Savings Trust, the U.K.’s new “public option” DC plan.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
A Weiss Ratings bank analyst estimates the damage that the LIBOR scandal could do to the share values of the banks that are implicated.
"This market is more mature than many people realize," said Tamiko Toland, principal author of a new Strategic Insight review of the efforts to sell individual lifetime income guarantees to current participants of defined contribution plans.
Prudential, Jackson National, MetLife, Aegon/Transamerica, and RiverSource have increased their penetration among VA users over the past year, says a new report from Cogent Research.
Increasing the fund options increases the number of funds that people invest in and increases their tendency to spread the dollars evenly among those funds, a new study shows.
“We disagree with the disaster scenarios for Europe,” said the bank’s chief economist, Richard Hoey.
For the first half of 2012, Fidelity conducted more than 45,000 Roth IRA conversions with investors.
Brief or late-breaking items from Nationwide, Transamerica Retirement Services and MassMutual Retirement Services.