What’s Your Competition Doing? E&Y Knows

Launched five years ago, Ernst & Young's Retirement Income Knowledge Bank has become a useful map of the competitive landscape for insurers and broker-dealers.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
Featured
Anecdotal Evidence

SPIA Flow at Fidelity: $70M-a-Month

Sales began going up after Fidelity incorporated SPIAs into its online retirement planning tools: the Income Strategy Evaluator and the Guaranteed Income Estimator.
News
Anecdotal Evidence

Vanguard issues annual DC report

"How America Saves," now in its 10th edition, is a compilation of data from Vanguard's 2,000 defined contribution plans, which cover three million participants with about $400 billion in assets.
Anecdotal Evidence

RBC Wealth Management ranks first in “satisfaction” survey

The annual J. D. Power and Associates U.S. Full Service Investor Satisfaction Survey also found that most people don't understand the difference between the "fiduciary" and "suitability" standards of advisor conduct.
Anecdotal Evidence

AARP disavows reports of its reversal on Social Security

In Washington, AARP's CEO denied earlier statements by his own policy chief that the organization was open to future cuts in Social Security benefits if the cuts made the PAYGO system more financially sustainable.
Anecdotal Evidence

Your financial crisis is different from my financial crisis

New research from Olivia S. Mitchell of Wharton’s Pension Research Council et al shows that financial crises are felt differently by the young and the old, and by those who either suffer “triple whammys” or are “doubly fortunate.”
Anecdotal Evidence

The Bucket

Brief and late-breaking items from DTCC, Fidelity, MetLife, Charles Schwab, Strategic Insight, PLANSPONSOR, Sun Life Financial, Lincoln Financial Distributors, John Hancock and Retirement Plan Advisory Group.
Anecdotal Evidence

Annuities, Sudden Darlings of the Media

Positive articles about annuities are certainly welcome—especially at a time when a relentless interest-rate drought is desiccating their value—but recent pieces in Barron's and the New York Times didn't advance the annuity dialogue very far.
Anecdotal Evidence

A $100 Billion Market for SPIAs?

Income annuities aren't a good product fit for every insurance company. But for New York Life, a mutual company with tons of reserves and a big book of life insurance, they make perfect sense.