In a webinar this week, a panel of Academy actuaries presented their analysis of three legislative proposals now floating inside the Beltway. One raises taxes, one lowers benefits, and another does some of each.
ETFs collected roughly $92 billion, driven by a move into passive equity funds, while open-end mutual funds took in $53 billion, led by flows into actively managed fixed-income strategies, for a record $144 billion, Morningstar reported.
Retirement assets total $34.9 trillion in 4Q2020: ICI; Jasmine Jirele succeeds Walter White as CEO of Allianz Life; NY Life reports 2020 annuity sales of $13.7 billion; Several C-level management changes at Voya.
Our financial system doesn't crash because the banks accommodate the Treasury's liquidity needs and the Fed accommodates the banks' liquidity needs. It works kind of like a Mobius strip.
Millennials estimate that in five years, 43% of their portfolios will be in ETFs, compared to 39% for Gen X and 29% for Boomers, according to the tenth edition of the ETF Investor Study by Charles Schwab & Co., Inc.