2014 in Retrospect: The Best of RIJ

Before 2015 arrives, bringing its own urgent demands for our attention, here’s a look back at a dozen of RIJ’s best articles of 2014.

A Second Structured Annuity Offers Income

CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income option. The two contracts differ in small but significant ways.

Executive Interview: PRU’s Kent Sluyter

The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.
Featured

Nationwide Settles 401k Fee Suit for $140M

"This is the most substantial settlement ever in an ERISA fiduciary breach case involving the receipt of revenue sharing by a service provider. It is... nearly 10 times greater than recent settlements against ING and MassMutual," according to the FRA PlanTools blog.

With Gibraltar Ventures, Prudential Retirement Aims to Be ‘Disruptive’

"Gibraltar Ventures will explore disruptive strategies and business models, focus resources on those ideas that have the most potential to advance retirement and financial security, and complement our current innovation efforts," said Christine Marcks, president of Prudential Retirement.
News

RIJ Takes a Vacation

Retirement Income Journal will not publish on Christmas or New Year's Day, but will return on January 8, 2015. I will be traveling in France and Spain, asking the residents of Paris and Barcelona how they expect to finance their retirements.

Watchdog group decries change in swaps regulation

MapLight, which tracks the influence of money in U.S. politics, claims that the four banks benefiting most from last week's relaxation of rules against swaps trading by federally-insured banks spent $30.7 million lobbying Congress and federal agencies in 2013 and 2014.

Assets keep flowing toward index and exchange-traded funds

PIMCO's firm-level outflows slowed to $12.8 billion after much larger redemptions in September and October. Janus, with Bill Gross on board, experienced its second positive month in November after 36 consecutive months of outflows.