In Denim or in Suits, New Yorkers Want Market Reform
An 'Occupy Wall Street' protester at New York's Zuccotti Park expresses her opinion. The same day, at the NY Athletic Club, Wall Streeters themselves criticized their own industry.
RSQ-y Business at John Hancock B/D
John Hancock Financial Network will offer its advisors the Retirement Sustainability Quotient, an income planning tool that Moshe Milevsky (pictured) developed for ManuLife Financial, JHFN's Canadian parent.
‘Boom Time’ for Variable Annuities?
Guest speakers Fareed Zakaria (pictured) urged more fiscal stimulus for the economy while Andrew Friedman warned of looming tax hikes at the Insured Retirement Institute's conference in Boston. "Boom Time" was the conference theme this year.
Introducing the Virtual RIA
Internet start-up Personal Capital is out to prove that mutual funds and face-to-face financial advice are obsolete. (At center, CEO Bill Harris, with Jim Del Favero, VP, product management (seated) and Ehsan Lavassani, engineering director.
Featured
It’s Back: The Hartford’s In-Plan Income Annuity
With United Technologies' recent adoption of an in-plan annuity, it now appears more likely that guaranteed income will eventually become commonplace in the defined contribution space. The Hartford, after a false start, has jumped back in that game.
News
Record annuity sales at bank holding companies
Three-fourths (74.7%) of bank holding companies with over $10 billion in assets earned first-half annuity commissions of $1.46 billion, constituting 95.2% of total annuity commissions reported by the banking industry.
Retire the stereotype of the six-figure public-sector pension, say academics
About two-thirds of state and local workers leave public employment with little or no pension, according to a new research brief from Alicia Munnell and colleagues at the Center for Retirement Research at Boston College.
Vanguard adds GLWB to its private-label variable annuity
The rider is issued is by Monumental Life Insurance Company, and costs 95 basis points a year in addition to the cost of the no-load VA, which ranges from 36 to 81 basis points, depending on the investment options chosen.
New TDFs from Lincoln Financial respond to market volatility
Each TDF is “designed to adjust its equity allocation in response to prevailing market conditions,” the company said in a release.
The Bucket
Brief or late-breaking items from Sun Life Financial, Vanguard, Mass Mutual and the SPARK Institute.
The Implications of Europe’s Solvency II
As Europe raises its bar on insurance regulation, it's in America's best interest to follow suit, writes Ms. Toland, managing director, Retirement Income Consulting, at Strategic Insight.
