By Editor Test
Another “very bright spot in the third quarter data was the significant increase in net cash flow, to $8.9 billion from $5.7 billion in the second quarter and $6.4 billion in the third quarter of 2010,” wrote Frank O’Connor, product manager of the VA database at Morningstar.
By Editor Test
"It's an interesting environment," said Beacon Research CEO Jeremy Alexander (left). "The word is that some carriers are keeping a lid on business" because of the low rates.
By Editor Test
Calling all investment advisers and financial planners: RIJ wants to hear from you about the tools you use to help your clients create retirement income.
By Fred Reish
Noticeably absent from the DOL’s September 19th release, and statements by DOL officials, is any suggestion of a broad revision of the regulation, writes Fred Reish, the well-known ERISA attorney at Drinker, Biddle & Reath.
By Editor Test
The British automaker's defined benefit plan assets stood at £7.8bn ($12.3bn) last December, with a surplus of around £700m ($1.1bn).
By Editor Test
The new regime would be one with no investment choices for plan participants to make. "Our members... are blue-collar workers and typically don't want to make investment decisions themselves," said the plan's chief investment officer.
By Editor Test
The dollar's share of global currency reserves has declined over the last 10 years as emerging markets rely less on external debt and move from fixed to floating exchange rates, a new report says.
By Editor Test
An article in last week's cover story ("Airbag-Equipped Annuities") erred in reporting that MassMutual had stopped selling variable annuities. The company said it has simply narrowed distribution to its career channel and has sold $675 million worth of VAs so far in 2011.
