Which Way Out?

With the worst of the Crisis apparently over, Fed watchers are wondering about Chairman Bernanke's exit strategy from a low interest rate environment.

Research Roundup

We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'

An Annuity’s ‘Moneyness’? There’s an App for That

How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.

A Chip Off the Old Rock?

Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
Featured

So Few Words, So Many Implications

The Department of Labor proposes a subtle change in 401(k) advice regulations that may have huge repercussions for fund companies.
News

Vanguard’s Forecast of Future Returns

The Vanguard Group's data suggests that annualized real returns will most likely be 6% for stocks and zero to 2% for bonds over the next 10 years.

AIG Sells Its Asian Crown Jewel

The sale of Hong Kong-based AIA, would help repay some of the $180 billion that AIG owes to the U.S. government.