Cutting Longevity Tail Risk Down to Size

In a white paper published last month, Milliman actuaries describe a design for a mini defined benefit plan that a plan sponsor could tuck inside a defined contribution plan like a donut tire in the trunk of a car.

The Best Retirement Research of 2012

For the second consecutive year, we bring you the most intriguing, influential and useful retirement-related academic research that came to our attention in the prior year.

Variable Annuity Carriers ‘Mix It Up’ in Q4

"We may be at an inflection point, with the first carriers beginning to tweak products in small ways for competitive advantage despite the ongoing low interest rate environment," writes John McCarthy, Product Manager, Annuity Solutions, at Morningstar Inc.

Sorry to Burst Your Bubble

A look at the way bond funds recover from rate hikes and a review of the effect of rate hikes in the 1970s and 1980s on bond funds shows that fears of a bond bubble may be overblown.
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Two Dollar Fallacies

If progress is not made in reducing the projected fiscal imbalances and limiting the growth of bank reserves, reduced demand for dollar assets could cause the dollar to fall more rapidly and the interest rate on dollar securities to rise.
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Forethought Launches ‘ForeRetirement’ VA

The lifetime income benefit captures new contract value highs on a daily basis to age 90, with a minimum deferral bonus of 6% simple interest credited until the 10th contract anniversary or the first withdrawal if sooner.

US at rear of peloton in retirement security: Natixis

Western European nations with universal health care and retiree social programs dominate the top of the rankings, taking the first 10 spots. Norway is first overall, followed by Switzerland, Luxembourg, Sweden and Austria.

Cerulli surveys global DC trends

The United Kingdom is the only market with defined contribution assets in excess of US$1 trillion that is expected to have double-digit growth.

They Just Don’t Get It

It understandably drives the 401(k) industry nuts to hear professors and regulators proposing to cut the tax incentives for the business owners who sponsor workplace plans or for those who contribute the largest amounts to plans.