Short on Shares, Women Share Homes

Single, divorced and widowed older women are reducing their expenses by sharing a home or apartment with similarly situated women. A new website helps them find each other.

‘Smart,’ from UK, Enters the US PEP Market

'Smart' is the recently-launched American branch of a British fintech with expertise in a kind of retirement savings plan that's called a 'master trust' in the UK and a 'pooled employer plan' or PEP in the US. RIJ interviewed two of its top executives.

Research Roundup

Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.

‘iTDFs’ Smooth the Bumps of Retirement Income

A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.
Featured

America’s Move to Faster Growth

During 2013, the personal wealth of Americans increased by $10 trillion: $2 billion from a rise in home values and $8 trillion from the rise in equity prices, according to this Harvard economist. People are spending more (which is good) but saving less.

The Fiduciary Rule: Going, Going…

The longer the DoL takes to draft a new version of its proposed fiduciary rule, the likelier it is that the re-proposal—if one ever appears at all—will be timid enough not to provoke the blowback from the investment industry that the first one did.
News

Federal judge denies MassMutual’s motion to dismiss ERISA suit

U.S. District Judge Patti B. Saris ruled on May 20 that MassMutual became a "functional fiduciary" when it decided to collect a 1% revenue-sharing fee from third-party mutual fund companies that were offered as investment options under the plan.

Cerulli offers data on growth of index funds

Mutual funds saw net inflows of $27.8 billion in April. For a second consecutive month, taxable bond mutual funds topped all other asset classes with monthly net inflows of $8 billion in April.