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.)
'Growing steadily without a marketing budget, Geode now manages some $720 billion, up from less than $100 billion a decade ago,' the Wall Street Journal reported this week.
The legislation provides for the creation of collective defined contribution (CDC) schemes, which are hybrids of DC and defined benefit plans. It also boosts the powers of The Pensions Regulator (TPR), according to IPE.com.
Everyone at the Capitol on Jan. 6 will be a retiree. To understand their anger, and its implications, I attended a Brookings Institution webcast this week on 'rage and reconciliation'.
Pacific Life to distribute two fee-based annuities; NARSSA sets up platform to support accredited Social Security experts; PGIM Investments announces over $21 billion in net fund flows for 2020; Equitable launches institutional retirement service.