"I want to be careful not to call it a product or a service. It’s an approach,” said David Tyrie, head of Personal Wealth and Retirement at Merrill Lynch Wealth Management, in describing Merrill Lynch Clear, a new communication strategy aimed at Boomers.
Boston College, DCIIA and Morningstar provide new research on Britain's 'NEST' experience with auto-enrollment, custom TDFs and why replacing bad 401k investment options is a good idea.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Despite the growing number of issuers, DIA sales were down 13% from 4Q2013. It was the first quarter-over-quarter decline for sales of DIA products since LIMRA SRI began tracking them. (Downloadable charts included.)
Mastrogiovanni is a founder of HeathView Services, Inc., a Massachusetts-based firm that provides software tools to help plan for healthcare costs in retirement.
The meeting is open to the public, and Assistant Labor Secretary Phyllis Borzi will speak. To address the council or submit a written statement, email requests to the DoL by Tuesday, June 10.
"In matters pertaining to religion, it is prudent to err on the side of faith. In financial matters, it is prudent to err on the side of skepticism." -- Anonymous.