The Key to Turning On 401(k) Annuities
Micruity, a tech startup with a 30-year-old CEO, says it has the "middleware" that can integrate 401(k) plans and annuity issuers. Will the retirement industry listen?
Guest Column
Fed Frets Over Fiscal Cliff
'The Fed intends to maintain accommodative financial conditions for years,' writes our guest columnist, an economist at the University of Oregon.
Virus and low-rates cut deep into Q2 annuity sales: LIMRA SRI
'We believe investors will hold off purchasing income annuity products, hoping interest rates rebound over the next 6–12 months,' said Todd Giesing, senior annuity researcher at LIMRA SRI.
Anecdotal Evidence
Is a P.E.P. Rally About to Start?
Willis Towers Watson and Aon both suggested in letters to the Labor Department that they may create defined contribution plans (Pooled Employer Plans, or PEPs) that many employers and companies could join. We may be at a watershed moment in 401(k) history, or not.
Honorable Mention
Net worth of $655k = Happiness, Schwab survey suggests; Athene to hold earnings call August 5; RIAs can now access Pacific Life fee-only annuities on the Orion platform; Fed to maintain target fed funds rate of zero to 0.25%; SEC charges VALIC Financial Advisors.
COVER STORIES YOU MAY HAVE MISSED
July 24, 2020
Wells Fargo’s New Annuity Wagon
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
July 16, 2020
Where Does the Fed Get Its Trillions? Ask MMT
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
July 9, 2020
Romancing the Fixed Annuity: KKR Buys Global Atlantic
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
