BlackRock and Microsoft's cryptic announcement of a new partnership on a platform for plan participants has puzzled industry executives, who shared their views 'on background' with RIJ. (Pictured: A rendering of the future neighborhood of BlackRock's new headquarters in New York.)
'The stock market will climb to a record high level during 2019. But for this to happen, investment spending must continue to grow rapidly, and productivity must sustain a 2.0% pace,' writes this economist.
The Garden States joins two other 'blue states,' California and Oregon, in sponsoring a portable workplace savings plan for workers without access to a plan. The IRAs will offer target-date funds and annual fees are capped at 0.75%.
Fed raises benchmark rate by 25 basis points; A.M. Best affirms the ‘A’ ratings of AXA Equitable Life; DPL Financial’s insurance platform for RIAs to offer no-commission Security Benefit annuity; Contaminated baby powder could lead to ERISA suit against Johnson & Johnson; BNY Mellon to buy back more shares; Single retirees need retirement advice: LIMRA SRI.
The global economy won't be able to rely on U.S. domestic consumption as the main source of demand for another decade, so the Chinese market’s rapid growth should be welcomed by all, writes our guest columnist, a former chairman of Goldman Sachs Asset Management.
'The average annual income for women in our sample was $52,521, compared with $84,006 for men—a difference of 37%,' according to Prudential's new survey.
Retirement Income Journal will not publish on December 27, 2018, in observance of the holidays, but will reappear as usual on January 3, 2019.