In this first of a two-part series on financial wellness, RIJ talks with the customer insight chief of a leading vendor in the field. 'We ask, ‘Where is the pain that’s costing employers money, and how do we help solve the problem?'' said Helen Calvin.
'Those who have used the prevailing economic fable about the 1970s to predict upward outbreaks of inflation in the 1990s, the 2000s, and now the 2010s have all been proven wrong,' writes the Berkeley economist.
'Fee-based relationships better align with the goals of firms, advisors, and investors by tying revenue growth to client portfolio performance,' Cerulli commented.
In late December, Voya announced that it would sell its closed block variable annuity (CBVA) and individual fixed indexed annuity (FIA) segments to a consortium of investors led by Apollo Global Management, LLC.
The Decumulation Beat
New Year's reflections on: Voya's departure from the annuity business, Northwestern Mutual's new live-for-today television ads, and the Wall Street Journal's exposure of counterfeit postings on the DOL fiduciary rule's public comment page.
'Through focus group research, Northwestern Mutual found that the tension between living for now and saving for later was universal for people regardless of demographics,' a press release said.
Envestnet, AdvisorEngine and The Segal Group all make acquisitions, and Zillow estimates the total value of U.S. homes at $31.8 trillion. Lincoln Financial appoints Joe Mrozek to head of intermediate retirement plan sales.