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.

Research Roundup

For weeks, interesting studies have been gushing from the National Bureau of Economic Research and elsewhere on the economic implications of COVID-19. We've selected and summarized seven of them for you.

With BluePrint Income, AARP Ups its Ante on Annuity Sales

AARP's 38 million members can now buy income annuities and fixed-rate annuities on a platform powered by fintech firm Blueprint Income. Buyers get a complimentary annual 'retirement income check-up' from a salaried, insurance-licensed adviser. 

We Could Use Some Inflation

The Treasury said this week that it will borrow (and spend) about $3 trillion this quarter, to cover its stimulus promises. Where does that money come from and where does it go? 'The capital is going from one pocket to another,' explains Vanguard's active Treasury fund manager, who expects the stimulus to be withdrawn in 2022.
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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."