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.)
Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.
A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.
Matt Zagula is an annuity wholesaler and fixed indexed annuity (FIA) designer. He and forensic accountant Tom Gober created the TSR ratio, a scale for rating FIA issuers. Mutual and fraternal insurers score best; private equity-led life insurers score worst.
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.
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.
“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.
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.
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."
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.
“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.
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.