By Jenna Gottlieb
Andrew Rudd, the co-founder of Barra, Inc. (now the MSCI Barra suite of portfolio analysis tools) started Advisor Software Inc. in 1995 to adapt Barra technology for adviser use. "I was always interested in creating products," says the British-born Californian..
By Kerry Pechter
In the latest iteration of Prudential's Highest Daily guaranteed lifetime withdrawal rider, contract owners must put 10% of premium into a fixed-rate fund. Like its predecessors, this version of the rider employs an automatic modified CPPI risk management system.
By Kerry Pechter
"If manufacturers can be more dynamic in reacting to changing conditions they don't have to set prices as conservatively. That should benefit investors," said a competitor about Prudential's ability to change VA GLWB roll-up and payout rates as often as monthly.
By Kerry Pechter
The most common reason among plan sponsors for not offering retirement income options was concern about fiduciary implications
By Kerry Pechter
With $74.7 billion, Vanguard added the most of net inflows of any mutual fund manager. Dimensional Fund Advisors followed with $22.5 billion, J.P. Morgan with $21 billion, MFS with $18 billion and and Oppenheimer Funds with $16.1 billion.
By Kerry Pechter
Brief or late-breaking items from ING U.S. (Voya), MassMutual Retirement Services, Securian, New York Life and MetLife.
