Financial Engines’ Secret Income Plan

Financial Engines CEO Jeff Maggioncalda expects his firm to roll out an in-plan income option to DC participants in late 2010 or early 2011. He won't reveal details, but there are clues to his intentions. Photo by Robyn Basso.

Wells Fargo’s New Annuity Wagon

Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.

Cue the Traveling Music…

... Because the fall conference season is about to begin. It starts after school opens and ends by Thanksgiving.

In Singapore, as in the U.S., Savings Grow Slowly

In Singapore, HSBC Insurance has unveiled a new annuity contract called SecureIncome to help Singaporeans save for retirement. The product appears to beat putting money under the mattress, but not by much.

Dutch Pensioners in a Panic

Participants in 14 pension funds in the Netherlands are facing benefit cuts in the wake of the financial crisis.

New SALB Launched By Investors Capital Corp.

The account combines Investors Capital Advisory Services’ series of asset allocation models with a stand-alone living benefit that offers investors a guaranteed 5% lifetime income stream.

A Snapshot of U.S. Household Debt

As a country, the U.S. owes its bondholders almost $13.4 trillion. As individuals, Americans owe about $11.2 trillion. Unlike the national debt, however, household debt recently fell--for the first time in four years.