Two Advisers, Two Strong Opinions of FIAs

If annuities in general incite controversy, FIAs are easily the most polarizing annuities. Just listen to what Howard Kaplan, an LPL adviser in the New York area, and Harry Keller, a Philadelphia-area adviser affiliated with ING Financial Partners, have to say.

Research Roundup

Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.

‘iTDFs’ Smooth the Bumps of Retirement Income

A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.

A Revolt Against PE-Led Annuity Issuers

Matt Zagula is an annuity wholesaler and fixed indexed annuity (FIA) designer. He and forensic accountant Tom Gober created the TSR ratio, a scale for rating FIA issuers. Mutual and fraternal insurers score best; private equity-led life insurers score worst.
Featured

In Hartford, a Public IRA Proposal

RIJ traveled to Hartford on Tuesday for a hearing on a bill that would require most Connecticut employers to offer a retirement plan and would create a default public retirement plan option. Brian Graff of ASPPA and Chad Parks of theonline401k were there too.

Beware of Oligopolies in Banking

"I suspect that 2014 will prove to be a critical juncture for determining the future of the banking industry and the role of regulators within that industry," said the vice chairman of the FDIC in this speech, delivered on February 24 to a business group in Arlington, Va.
News

Schlichter sues a hospital chain for “excessive” plan fees

The latest ERISA suit from St. Louis plaintiffs attorney Jerry Schlichter (pictured) claims that Novant Health Inc. violated its fiduciary duty by paying excessive fees to Great-West Life & Annuity and to a Winston-Salem, NC, brokerage firm.

The Bucket

Brief or late-breaking items from Vanguard, Prudential Financial, Nationwide Financial, LPL, Fidelity, Franklin Templeton, the American Bar Association and AARP.