No Retirement Account Left Behind

"Auto-portability" would consolidate a plan participant's old accounts into his or her current account, automatically. Spencer Williams and Tom Johnson of Charlotte-based Retirement Clearinghouse have spent three years trying make it happen on a large scale.

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.

How The British Save More for Retirement

In Britain, if you contribute £100 to your defined contribution plan and have a 25% tax rate, the government adds £25 to your account. Our system doesn't work that way. All else being equal, we accumulate much less tax-deferred savings over a lifetime.

UBS to partner with SigFig, a robo-advisor

The technology will allow the advisers to spend more time talking to clients and less time constructing investment portfolios and other activities that can be automated, said Tom Naratil, the president of UBS Americas. (SigFig logo at left.)

Robos force advisors to step up their games: Cerulli

'Investors desire deeper online, goal-oriented resources, research, and content... but they lack the bandwidth or attention span to dedicate significant time toward their financial well-being,' according to Cerulli.