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.
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.
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.
The Dept. of Labor's bid to strengthen the fiduciary standard for advisers to retirement plans and IRAs became a political football. Now the DoL has agreed to revise and "re-propose" its proposal. Was the football fumbled... or stripped?
The associate director of the Center for Retirement Research wants financial services companies to fund a revival of the delivery of Social Security statements to working Americans. Cost: $55 million. Benefit: Priceless.
Income for Life Model, a time-segmentation retirement income planning tool from Wealth2k, will be integrated into the NetX360 advisor web platform offered by Pershing, the clearing firm owned by BNY Mellon.
Would gradual annuitization from age 65 to 75 be better for DC plan participants in the UK than gradually switching from equities to government bonds from age 55 to 65?
As the Boomers retire and leave a smaller 40 to 64-year-old cohort behind them, bond yields should rise 60 basis points above the increase warranted by GDP growth and inflation prospects, according to Mirko Cardinale, a researcher at Aviva Investors.
The Accumulator Series, introduced in 1995, now has a higher deferral bonus roll-up.
Brief or late-breaking items from Nationwide Financial, MetLIfe, Edward Jones, LPL Financial, and Vanguard.
When buying a secondary-market annuity that offers a 7% or 8% effective rate of return, make sure you deal with honest brokers.