Send in the Robots (Don’t Bother, They’re Here)

At the "T3" financial software trade show last week, a pair of robots warmed up the crowd with jokes about the limitations of high-tech planning tools. RIJ visited with reps from three tech firms: RetireUp, AskTRAK and Riskalyze.

Executive Interview: PRU’s Kent Sluyter

The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.

Annuities Aim for Spot in ‘Starting Lineup’

Annuity issuers want—and need—their products to be included as a matter of course in the model portfolios or asset allocation software tools that more advisors are expected to rely on in the future.

Why Are Stocks So High?

Because corporations have been returning more of their profits over to shareholders and less to workers, especially over the past 30 years, according to authoritative recent research. The implication is that investors' gains have come at the expense of workers, who own little stock.
Featured

BlackRock’s Non-Insured Path to Predictable Income

The five new CoRI Funds may appeal to near-retirees who currently have a lot of money in bond funds and are afraid that those funds will lose value as interest rates rise. The funds could, in theory, could protect them from sequence-of-returns risk.

The Dollar and the Damage Done

The Fed should adjust its rhetoric and, if necessary, its policies to reflect the fact that its actions disproportionately affect other countries, with repercussions on the US economy, writes the noted UC-Berkeley political economist.
News

U.S. economy faces four headwinds, economist warns

Economist Robert J. Gordon of Northwestern disagrees with the “techno-optimists” who believe that the U.S. is on the cusp of a surge in technological change. He thinks we’re already well into an innovation slowdown.

2014 will be a good year for insurers: Conning

"Regulatory convergence and complexity are commanding insurer attention and resources. Fragmented economic growth is creating new pockets of growth, while challenging established markets," says Conning's 2014 U.S. and Global Insurance Industry Outlook.

What Boomers want, and when they want it: Hearts & Wallets

“Advice source consolidation begins three to four years ahead of retirement, heats up during the retirement event and continues the first three to four years of retirement,” said the Boston-area firm's latest study. (Photo: H&W's Laura Varas).

MetLife exits U.K. bulk annuity market

The MetLife-Rothesay deal, still subject to regulatory approval, will move around £3bn (€3.7bn and $5.1 billion) in assets between the insurers.