'I am not aware of any predictions that a significant percentage of small employers who do not currently offer a plan will now adopt a PEP,' said Jack Towarnicky, executive director of the Plan Sponsor Council of America, when asked if multiple employer plans will close the 401(k) 'coverage gap.'
In a chapter of a forthcoming book, four Ivy League academics discuss the possible reasons why so few people buy life annuities. I add a few theories of my own.
‘With the global population aging and many investors focused on capital preservation, equity demand among fundholders remains tepid,’ said the Morningstar Direct Asset Flow report for June.
'Faster global growth contributed to the earlier increase in oil prices. Slower growth triggered by reduced trade flows will do the opposite,' writes our guest columnist.
New product review
'The unique feature is the Freedom Date,' said Bill Lowe, CEO of Sammons Retirement Solutions. 'If you buy this at age 60, at age 80 you have 100% access to the accumulation value without negatively affecting the lifetime payment account.'