‘We’re the Kasparov Inside’
‘I’ve been on the bleeding edge as much as I’ve been on the leading edge, and it’s not always a comfortable place to be,’ said Judson Bergman, Chairman and CEO of Envestnet (above).
Is (or Isn’t) Time Running Out for the Fiduciary Rule?
Three benefits attorneys told RIJ this week that the DOL's fiduciary rule became effective last June, and that it may be hard to stop the rule--or even delay the April 10 applicability date--without another lengthy review and public comment process.
Más o Menos: Ticos Cheerfully Eke By
With 4.8 million people, Costa Rica’s problems are comparable to those of a big U.S. city, like Los Angeles or Chicago. Yet the tensions of a large U.S. city seem absent here, as the famously warm and friendly 'Ticos' go about their business. (Photo: Traffic in San Jose)
Dream-House Shopping in Costa Rica
The house was for sale. Its mystical vibe seduced them into paying $150,000 in cash. Monkeys, sloths, macaws, butterflies and gekkos would be their neighbors as the couple aged. 'It was definitely impulsive,' the musician told RIJ.
Featured
A Safe Harbor is in Jeopardy
We shouldn’t deprive workers of 'bread' on the chance that brokers will be able to sell 'cake' to their employers.
How Ticos Turn DC Savings to Income
Retirees can take a monthly income equal to 1/12 of the earnings on their DC savings, or they can take a “scheduled withdrawal” where their accumulation is divided by their life expectancy, and they receive that amount each year.
News
Kill Bills: Republicans attack ‘safe harbor’ for state auto-IRAs plans
The move was applauded by the National Association of Insurance and Financial Advisors and the Investment Company Institute. It was condemned by the National Conference on Public Employee Retirement Systems.
Is (or Isn’t) Time Running Out for the Fiduciary Rule?
Three benefits attorneys told RIJ this week that the DOL's fiduciary rule became effective last June, and that it may be hard to stop the rule--or even delay the April 10 applicability date--without another lengthy review and public comment process.
Where HR meets social media, Blackstone will be there
Blackstone's private equity funds have purchased human resource administration platform Aon Hewitt from Aon plc for $4.8 billion, at a time when HR is moving to the 'cloud' and tapping into social media data.
Lincoln Financial adds fee-based options to VAs and FIAs
In addition to creating a fee-based version of the Lincoln Core Capital indexed annuity, Lincoln has added fee-based versions of its Covered Choice 5 and Covered Choice 7 indexed annuities.
Voya launches ‘Journey’ indexed annuity
Returns are pegged to either the J.P. Morgan Meridian Index and the Citi Dynamic Asset Selector 5 Excess Return Index, Voya said in a release this week.
Wealth, like cream, keeps rising to the top
The investable assets of households with between $1 million and $10 million grew by $809 billion last year, to a total of $17.8 trillion, according to a study of wealth distribution in the U.S. by Phoenix Marketing International.
