A New NEST for British Nest-Eggs

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.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
Featured
Anecdotal Evidence

The Mid-Point of a Trying Year

A slowing economy, falling interest rates and de-risking strategies made for mixed second quarter results at the major publicly-held annuity issuers (current and former), excepting perhaps Lincoln Financial.
Anecdotal Evidence

An Annuity Fee Record with an Asterisk

First-time annuity fee reporting from Raymond James Financial of $61 million boosted the quarterly bank/thrift annuity fee income numbers to a record high, according to the latest Michael White-ABIA Bank Annuity Fee Income Report. Morgan Stanley annuity fee income was up 48%.
News
Anecdotal Evidence

Washington freeze chills the whole economy

Manufacturing executives from across America told the New York Times that they are all but paralyzed by anxiety about the “fiscal cliff” and a potential drop in GDP as a result of reduced government spending.
Anecdotal Evidence

Bond guru to Wall St.: “You didn’t build that”

In his latest column, Bill Gross (pictured) almost echoes the refrains of Occupy Wall Street, charging that capital has prospered at workers’ and the public sector’s expense.
Anecdotal Evidence

“Quote” of the Week

“I'm suggesting that be broken up so that the taxpayer will never be at risk, the depositors won’t be at risk, the leverage of the banks will be something reasonable.” – Sanford Weill, former CEO of Citigroup.
Anecdotal Evidence

The Bucket

Brief or late-breaking items from Insurance Technologies, Securian, Prudential Financial, LPL Financial, and Protective Life.