‘SIMON’ Makes Indexed Annuities Simpler

Originally a platform for distributing structured notes to broker-dealers, SIMON is adding index-linked annuities to its product suite. Prudential is both an investor and, as of today, a product provider.

Annuities and the Charles Schwab Deal

Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.
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Mr. Smith Goes to the Patent Office

An actuary-turned-entrepreneur claims to have invented a cheap, benign, versatile new income distribution tool. But he’s coyly cryptic about its secret sauce.
News

A Longevity Test: Science or Science Fiction?

After studying the genomes of centenarians in New England, two Boston University researchers say they have identified a set of genetic variants that predicts extreme longevity with 77% accuracy.

Roth Account Openings Up 89% at Fidelity

New account openings increased significantly in the first four months of the year, driven by Roth IRA conversion activity and the use of Roth IRAs as a savings vehicle.

Plans Could Save 70 Bps a Year Through Trusts and ETFs

Without giving up the investment objectives offered by actively managed funds, participants in 401(k) plans could pay much lower costs on their assets by shifting to ETFs and commingled trusts, a Center for Retirement Research report said.

Bill Gross Cites Barrier to a Better ‘New Normal’

It is the lack of global aggregate demand—resulting from too much debt in parts of the global economy and not enough in others--that is the essence of the problem, PIMCO's CIO wrote in his latest column.

In Japan, Savers Grow More Conservative

Among risk assets, domestic stock funds were down 19% as a proportion of assets held, while foreign stock funds were down 28%, with a correspondingly positive growth in domestic and international bond funds.