A Guide for the Perplexed Participant
GuidedChoice is the latest 401(k) advice provider to announce a platform that helps participants turn their savings into income—with or without a rollover to an IRA. (Above: CEO Sherrie Grabot.)
The New ‘Big O’?
The revelation of a novel share class of variable annuities--its working title is "O" shares--was perhaps the most interesting piece of news that emerged from the IRI Marketing conference in Washington, D.C., last week.
A New Cylinder for Financial Engines
Income+, a process-driven, product-neutral income program for 401(k) managed account clients, could alter the competitive landscape of the retirement industry.
A Death in the Family, Part II
Forget "death panels." Loving, decisive words from a doctor helped this dying pianist decide to let go of her life. The conclusion of a two-part story.
Featured
Paradise Regained
A return to long-term interest rates of 5% to 6% will hurt Wall Street and McMansion owners in the short-run but help most Americans in the long run, says this columnist.
A Q&A about GuidedSpending 2.0
In an e-mail, GuidedChoice CEO Sherrie Grabot and CIO Ming Wang answered a few of RIJ’s questions about their income planning tool for plan participants.
News
Rule 408(b)(2) delayed until 2012
“We now believe plans and plan service providers would benefit from an extension of the rules applicability date,” said assistant Labor Secretary Phyllis Borzi in a statement.
UBS, State Street and BlackRock to manage NEST money
Britain’s National Employers Savings Trust Corporation is hiring the three asset managers to handle portions of the new state-sponsored, employer-based defined contribution plan.
A UK white paper compares public pension funds to Ponzi schemes
In a new think tank report, a former JP Morgan banker and Towers Watson consultant suggested that unfunded DB pensions in the U.K. should be closed by 2020 and replaced with "nominal DC schemes."
US stock & bond mutual funds receive $34bn in January
An estimated $21 billion in net new cash went into US equity funds in January 2011, making it the first month of net inflows to those funds since last April.
Wealth2k offers free LTC presentation to advisors
“The movie will make it easier for advisors to broach the issue of planning for the costs of long-term care,” said Wealth2k CEO David Macchia.
The Bucket
Late-breaking items from Prudential, Warren Buffett, Aon Hewitt, SPARK Institute, Insured Retirement Institute, Milliman, the Pension Benefit Guaranty Corp., Morningstar, Interactive Data Corp., and John Hancock Annuities.
