In the past year, Putnam Investments owner Great-West Lifeco has recruited (l-r) Fidelity veterans Robert L. Reynolds, Jeffrey R. Carney and Edmund F. Murphy III, among others, perhaps to capitalize on Obama's plan for universal retirement savings coverage.
Boston College, DCIIA and Morningstar provide new research on Britain's 'NEST' experience with auto-enrollment, custom TDFs and why replacing bad 401k investment options is a good idea.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
While the administration's June 18 report, "Financial Regulatory Reform," did not offer the “optional federal charter” that large insurance companies support as an alternative to state-by-state regulation, it did not rule one out.
Last week, federal officials tried to locate the blame for 2008 TDF losses: Was it marketing hype by TDF makers, a flawed concept, Americans' weak financial literacy, regulatory lapses, or merely the caprice of the markets?
Roger W. Crandall will succeed Stuart H. Reese as CEO of MassMutual, effective Jan. 1, 2010.
UAT, Inc., a Denver-based technology firm, created a fund monitoring system that can help retirement plan sponsors find out if the sub-advisors of target-date funds in their plans are engaging in style-drift.
The decline in the value of their 401(k) accounts was cited by 76% of workers aged 50 to 64 as the most important reason they plan to postpone retirement.
A survey of top CPAs reveals that the wealthy are watching their pennies because of the recession. The survey also reveals the financial advice that accountants are giving their HNW clients.