Although Schwab and Vanguard have a head start in this space, “I don’t think Fidelity has lost anything by waiting,” William Boland, an analyst with Aite Group, told RIJ.
As the DOL rule changes the role of the employee-advisor, the mode of compensating and incentivizing advisors may need to evolve. And that may spell changes in the almighty “grid.”
Great-West Financial's new Smart Track II variable annuity contract has four different income riders. Will it help Bob Reynolds achieve his goal of making Great-West a top-five retirement company in three to five years?
Over-estimates of variable annuity lapse rates have cost life insurers billions. A group of VA issuers is now working with actuaries at Ruark Consulting to predict those rates more accurately.
These changes in the proposed bi-partisan proposal would bring the Social Security system close to long-term solvency, writes this Urban Institute economist and former Deputy Assistant Secretary of the Treasury.
Of the eight new articles, the one called “Strategies for Managing Retirement Risks” might be the most relevant for financial planners and advisors.
'Nearly three quarters of plan providers anticipate their call center staff will need training to be able to distinguish education from advice,' said Matthew Drinkwater, Ph.D., assistant vice president, LIMRA Secure Retirement Institute.
A.M. Best views the industry as having adequate risk-adjusted capitalization, which is supported by the continued overall profitability.
Brief or late-breaking items from MassMutual, Fidelity, New York Life, Raymond James, Allianz Life and Millennium Trust.
“In choosing between various political parties and programs for the commonwealth’s social and economic organization most people are uninformed and groping in the dark. The average voter lacks the insight to distinguish between policies suitable to attain the ends he is aiming at and those unsuitable.” – Ludwig von Mises, “Profit and Loss.”