‘Smart,’ from UK, Enters the US PEP Market

'Smart' is the recently-launched American branch of a British fintech with expertise in a kind of retirement savings plan that's called a 'master trust' in the UK and a 'pooled employer plan' or PEP in the US. RIJ interviewed two of its top executives.

Research Roundup

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.

‘iTDFs’ Smooth the Bumps of Retirement Income

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.

‘A Dangerous Time in History’

The current investment narrative is based on the assumption that Trump will be a reflationary president, says our guest columnist, the chief investment strategist at Pension Partners LLC. He urges us to start questioning our news-based assumptions.

Will Trump Derail the Fed’s Game Plan?

'If the Fed can engineer a record-breaking length period of expansion, why in the world would anyone want to tinker with the process?' writes the blogger at NumberNomics.com, a former senior economist at the Fed and chief U.S. economist for Lehman Brothers.

Indexed annuity sales hurt by fiduciary rule: LIMRA SRI

'Until there is some clarity on the DOL fiduciary rule, the Institute expects sales to continue to drop in 2017,' said Todd Giesing, assistant research director of the LIMRA Secure Retirement Institute.

Trump rally takes unexpected direction: Morningstar

In January, investors put $30.6 billion into U.S. equity passive funds, down from $50.8 billion in December 2016, the report showed. On the active side, investors pulled $20.8 billion out of U.S. equity funds during the month.

Perhaps with less to spend, retired Southerners spend less

Among 65-to-74-year-olds, Northeastern households had the highest median annual spending ($41,860) and Southern households the lowest ($32,836), according to new research by the Employee Benefit Research Institute.

Steep drop in fintech investment: KPMG

Globally, fintech funding fell to $25 billion in 2016 from $47 billion in 2015. Nonetheless, 2016 was the third strongest year for fintech investment and second highest year for venture capital (VC) fintech investment.