Mark Iwry (pictured), an assistant Treasury Secretary, came into the current administration with hopes of making the "Automatic IRA," a workplace savings plan for people without a plan, a reality. But it became the subject of conspiracy theories and its prospects are now dim. Photo courtesy of the National Press Foundation.
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?
Forget the Ides of March. Beware of the entire month of August, says Harvard's Jeffrey Frankel. That's when the doctors are away and the lunatics take over the asylum.
Highest Daily Lifetime Income 2.0, which includes an enhanced death benefit, replaces Highest Daily Lifetime Income and Spousal Highest Daily Lifetime Income benefits.
After less than one year in the FIA market, Security Benefit Life had the top-selling indexed annuity for the quarter, the Secure Income Annuity.
“While it may be too early to conclude that the economy has fully emerged from the second quarter ‘soft patch,’ economic conditions have not continued to deteriorate in July and early August,” an S&P release said.
Brief or late-breaking items from New York LIfe, Vanguard, Fidelity, and National Planning Holdings.
"When there are economic gains to be allocated, our political process can allocate them. But when there are large economic losses to be allocated, our political system is paralyzed. And with political paralysis comes economic paralysis." -- Lester Thurow, The Zero Sum Society, 1980.
I drove up to Salem, Mass., last week to see what the classes for the Retirement Income Industry Association's RMA designation were all about.