Illinois Mandates Workplace Retirement Plans

Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel Biss, above, co-sponsored the Secure Choice Savings Program Act.

Envestnet’s Big Annuities Play

Envestnet, with the help of six major annuity issuers, has built a platform where advisors from broker-dealers, banks and RIAs can blend insurance products and investments in the same financial plan. It's a service life insurers can't live without. But will RIAs embrace annuities?

FIAs for Retirement Income (Why Not?)

In this last article in our series on fixed indexed annuities, we consider the potential role of FIAs in providing retirees with guaranteed lifetime income. We find FIAs to be valuable, but underused for that purpose.

The Derivatives that Power Index Annuities

FIA owners can pick from an array of choices as cryptic as those on a roulette table. But if they don't understand options, how can they evaluate these safe but esoteric insurance products?
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The Fed Sets Another Trap

"The Fed’s incrementalism of 2004-2006 was a policy blunder of epic proportions... The Fed seems poised to make a similar – and possibly even more serious – misstep in the current environment," writes the former chairman of Morgan Stanley Asia.

Illinois Mandates Workplace Retirement Plans

Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel Biss, above, co-sponsored the Secure Choice Savings Program Act.

High Valuations Carry a Cost: Prudential

"When rates rise, something always breaks. There’s no telling what asset class may start the ball rolling, but it can’t come as a surprise," said Quincy Krosby, a Prudential market strategist, at the firm's 2015 Global Economic and Retirement Outlook presentation.

U.S. seeks public comment on asset management risks

The Financial Security Oversight Council has decided to undertake a "more focused analysis of industry-wide products and activities to assess potential risks associated with the asset management industry."