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?
'The Fed intends to maintain accommodative financial conditions for years,' writes our guest columnist, an economist at the University of Oregon.
'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.
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.
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.