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.

Beware the ‘Specialized’ ETFs

In this month's Research Roundup, RIJ shares four recent academic papers on the proliferation of ETFs, the danger (or not) of national debt, rational inflation expectations, and the impact of recent changes in RMD rules.

Jackson National Puts Its Future in Veteran Hands

Laura Prieskorn (left) and Marcia Wadsten are the new CEO and CFO of Jackson National Life. The leading seller of variable annuities in the US is in the process of demerging from its long-time British owner, Prudential plc.

Which ‘Dependency Ratio’ Should We Use?

Economists typically use the 'aged dependency ratio' to show the burden of the Social Security program on workers. But the 'total dependency ratio' might be more informative. (Photo by Johann Walter Bantz.)
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.