'We have all these insurance agents selling billions of dollars of fixed indexed annuities. But they have few clues about how the crediting rates have performed,'' says Kent Jacquay. With his Indexalyzer software, he proposes a solution.
The DOL has never suggested that fiduciaries should pick a fund that subordinates financial performance to activism. But this proposal lacks the nuance or flexibility that the DOL has expressed in the past.
Join the 'PEP' rally
Are regulations needed to limit the potential for conflicts of interest and self-dealing among non-employer sponsors of "pooled employer" 401(k) plans, or PEPs? The Department of Labor seeks feedback.
Drag from the low interest rate environment continues to hurt margins and stifle earnings growth, weakening the industry’s investment returns, an AM Best release said.
Already, I hear legislators refer to an approaching Social Security "train wreck." There is no approaching train wreck. When people want to fool you, they show you half of a balance sheet.
The 'pooled employer plan' era has arrived, courtesy of the SECURE Act. PEPs could fundamentally alter the defined contribution retirement savings industry in the U.S.
News from RIJ Group Subscribers
After the big deal, AM Best affirms ratings of Jackson National and Athene; Not many people talk to advisers about decumulation: Allianz Life; TIAA and Savi partner for student debt resolution; Fidelity nears settlement with its own plan participants; MetLife inks first U.K. longevity reinsurance deal.