At SPARK's retirement conference, Millennium Trust, Paychex and GuidedChoice announced a new workplace IRA plan. Bill Meyer pitched his Social Security-centric planning tool. And BlackRock hinted at new TDFs with a deferred annuity sleeve.
Our guest columnist, a veteran of the 1986 federal tax overhaul, reveals the kind of chain reaction that can occur when you change the tax code.
At the ALI-CLE's recent conference on securities and insurance law, Tim Pfeifer described new developments in the annuity world. Todd Solash and Merry Mosbacher spoke for and against FIAs, respectively.
Retirement Clearinghouse, which hopes to launch auto-portability as a business, claims that it will help staunch the “leakage” of savings from 401(k) plans. RCH piloted the technology at a North Carolina plan sponsor last summer.
'The Index aims for a high equity allocation in up markets and has the ability to allocate up to 100% equities. In down markets, allocations can be quickly shifted to fixed income to help reduce risk,' an AIG press release said.
'Many of these entities haven’t traditionally utilized annuities in their practices,' said Justin Fitzpatrick, head of Private Wealth & Trust at Jackson National Life Distributors LLC. 'We’re hoping to change that.'
Nationwide enters the exchange-traded funds arena, The Principal sells a group annuity to NCR in a pension risk transfer deal, Fidelity reports record 401(k) balances.