Measuring You for an ERISA Suit

There are “people out there” who are “running algorithms to spot good targets for excessive fees lawsuits,” said Jason Roberts, CEO of Pension Resource Institute in Manhattan Beach, Calif.

Annuities Aim for Spot in ‘Starting Lineup’

Annuity issuers want—and need—their products to be included as a matter of course in the model portfolios or asset allocation software tools that more advisors are expected to rely on in the future.

Why Are Stocks So High?

Because corporations have been returning more of their profits over to shareholders and less to workers, especially over the past 30 years, according to authoritative recent research. The implication is that investors' gains have come at the expense of workers, who own little stock.

‘APIs’ and the Future of Annuities

Catching up with the 'application programming interface' technology train is essential for annuity issuers. APIs integrate annuities into advisor platforms, reduce NIGO applications, and give clients a fluid online experience.
Featured

A Sudden U-Turn in Bond Flows

Since I (full disclosure) own shares in Vanguard Total Bond Market Index Fund, I feel compelled to fret. So I spoke with Chris Philips, a senior market strategist in Vanguard’s Investment Strategy Group.

Wharton professor challenges value of annuities

A Wharton School professor, Kent Smetters (left) and a Congressional Budget Office researcher suggest that the low level of annuitization by Americans demonstrates their common sense.
News

Declaration of independence

Retirement Income Journal will observe the national holiday with a brief hiatus from publication. We will resume e-mail broadcasting with the July 8 edition of RIJAdvisor. Go 4th, and multiply!

Going Dutch on pension reform

Dutch workers both young and old now expect smaller pensions than their current retirees enjoy. But their expectations may need to drop even lower if the “tax-facilitated accrual rate” falls to 1.75% a year from 2.25% under pending pension reform.

Cost of elderly care in 2011 was >$400bn: CBO

A new study estimates that more than two-thirds of 65-year-olds will need help dealing with a loss in functioning at some time during their remaining years of life. Article provides link to data-rich pdf.

The Bucket

Brief or late-breaking items from Genworth, Dimensional Fund Advisors, American General, and Northern Trust. Plus, a letter dated today from Sen. Max Baucus (D-MT) and Sen. Orrin Hatch (R-UT) soliciting input from colleagues on tax reform, with a focus on the impact of eliminating tax expenditures.