"Liability-driven investing for individuals" is how J. Brent Burns, MBA, (left), and Stephen J. Huxley, Ph.D., describe Asset Dedication, which is the name of their bond-laddering methodology, their book and their company.
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?
This fly-fisherman, financial advisor and former insurance company executive surveys the retirement income product landscape from his lake house in central Maine.
There is no actuarial roadmap through what could be a completely restructured health insurance marketplace. "It's terra incognita," says this consultant and author.
The Federal Reserve "is the financial fire department... to which financial institutions and markets naturally turn in time of crisis," say the leaders of MetLife, Goldman Sachs and other large financial services companies.
The bill consolidates several existing federal agencies into a single Consumer Financial Protection Agency that would set rules on credit cards, mortgages and loans.
About 80% of wirehouse assets, or $3 trillion, is managed by advisor teams that manage over $200 million each, Cerulli Associates reported.
Expected returns for both domestic and international large-cap stocks were lowered to 7.5% a year for the S&P 500 and to 7.75% for MSCI EAFE.
The 30 members of the firm's management committee will receive all of their discretionary compensation in shares whose sales are restricted for five years.
Less than a quarter (24%) of 300 companies surveyed by Hewitt Associates are offering holiday bonuses this year, down from 42% in 2008.
Gary F. Baker, vice president in the retirement income business division of Massachusetts Mutual Life Insurance Co., has left the company.