Greetings from the First ‘Retirement Management Forum’

Some 200 members of the Investments & Wealth Institute (IWI) came to Amelia Island, Florida, this week to learn about the principles underlying the Retirement Management Advisor designation, which IWI recently added to its existing lineup of designations.

Annuities ‘Compensate’ Even Short-Lived People

'Nature wants us to pool longevity risk,' writes annuity expert Moshe Milevsky. He explains why in a new paper, 'Swimming with Sharks: Longevity, Volatility and the Value of Risk Pooling.'

Employer Match vs. Auto-Enrollment; The Winner Is…

'Most of the estimates from the literature substantially understate the effect of matching,' write analysts Nadia Karamcheva and Justin Falk of the Congressional Budget Office's Microeconomic Studies Division. (Image from 'The Matchmaker,' by Gerard van Honthorst.)
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Nominal SPIAs Beat Nominal DIAs—But Perhaps Not for Long

“DIAs may represent a more palatable hedge against longevity risk for retirees than traditional annuities, because they are cheaper and therefore provide more liquidity to retirees,” writes Morningstar's David Blanchett in a Journal of Financial Planning article.

‘Changing of the Guard’ Continues in VA Sales

MetLife is selling one-third of what it was two years ago. Prudential is selling half of what it did in the first two quarters of 2012. The biggest gainers since then include Transamerica, SunAmerica, and Lincoln. (This piece was written by Morningstar's annuity product manager.)
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This is your brain on money

Public television will turn its inquisitive light on the topic of behavioral finance next October 16.

Deloitte publishes annual DC benchmarking survey

There continues to be limited interest in in-plan annuities, with 6% of plans offering this option in 2013, up from 4% in 2012. Ten percent of plan sponsors indicated they are looking into adding an accumulation annuity to their current plan.