“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 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?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
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.