Bob Pozen Knows Retirement

'My proposal was to link the growth of Social Security benefits of the upper third of earners to CPI growth while letting the benefits of the lower third of earners continue to rise with the wage index,' said the former president of Fidelity Investments in this wide-ranging interview.

Better than Throwing Darts

'We have all these insurance agents selling billions of dollars of fixed indexed annuities. But they have few clues about how the crediting rates have performed,'' says Kent Jacquay. With his Indexalyzer software, he proposes a solution.

A New Kind of Income Annuity

Achaean Financial and Ash Brokerage, a large Fort Wayne, Ind., BGA, are partnering on a potential retirement game-changer: Achaean's immediate indexed income annuity, couched in Ash's JourneyGuide planning software. The underwriter has yet to be named.

These Hedges (Probably) Won’t Clip You

Listen to an actuary who put $50k into a five-year indexed variable annuity four years ago as an alternative to CDs. We explain how IVAs are priced, and we tell you how his investment has fared so far.
Featured

The Perils of Fed Gradualism

Our guest columnist wants interest rates to rise faster. 'A steeper normalization path would produce an outcry,' he writes. 'But that would be far preferable to another devastating crisis.'

Damage Assessment: Who’s Hurt by New Fiduciary Rule?

Advisors who sell on commission, I-banks that underwrite securities and sell them through their own broker-dealers, and recordkeepers that capitalize on their access to participants should all beware the DOL's impending conflict-of-interest rule, says Cerulli Associates.
News

New ERISA Advisory Council members appointed

Three represent the public, three represent employers, and three represent employee organizations. The fields of insurance, corporate trust, actuarial counseling, investment counseling, and investment management and accounting have one representative each.

Schlichter law firm sues Insperity over high plan fees

The complaint alleges that “Insperity breached its fiduciary duties by causing the plan participants to pay millions of dollars in excessive recordkeeping fees to Insperity’s proprietary subsidiary, Insperity Retirement Services," according to a law firm press release.

Retirement assets dip to $23.5 trillion in 3Q2015: ICI

IRAs, since 2007 the largest component of US retirement savings, held $7.3 trillion in assets at the end of the third quarter of 2015, down 4.8% from the previous quarter, ICI reported. Almost half of IRA assets, or $3.4 trillion, was invested in mutual funds.