“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.
This is the first part of a two-part article on Britain’s ambitious national defined contribution fund for undersavers, a "public option" called the National Employment Savings Trust, or NEST.
A VA lifetime withdrawal benefit—especially one with a 'ratchet'—can provide the upside potential and downside protection that many Boomers want in retirement, say researchers Petra Steinorth and Olivia Mitchell. But a life annuity offers a higher dose of "AEW."
Squeezed by low interest rates, variable annuity issuers have no choice but to keep trimming their benefits. In this review, a VA expert surveys the summertime activity of (and skuttlebutt related to) major manufacturers.
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.