Icon: An IRA for ‘Gig’ Workers

Icon will offer a portable IRA to workers at small companies as well as to independent contractors. State Street Global Advisors and Dimensional Fund Advisors will provide low-cost investments. Aspire will be the third-party administrator.

Retirement research from the CFA Institute etc.

Experts at the CFA Institute, PIMCO, Alliance Bernstein, Standard & Poors', IMCA (now the Investment and Wealth Institute), State Street Global Advisors and elsewhere produced a lot of great retirement research over the past two years. Here's a sampler.

Honorable Mention

Stash has a new banking app, Cerulli reports higher CIT sales, David Blanchett's prize-winning paper, and new hirings/promotions at Voya Financial and MassMutual.


October 12, 2017

Annuity-Friendly Nominee at DOL

Preston Rutledge (above) is reported to be the Trump administration's nominee to lead the DOL's Employee Benefits Security Administration, which handles the fiduciary rule, et cetera. He's currently the retirement policy wonk on the...
October 5, 2017

Don’t Mess Up a Good Thing

Fee-based indexed annuities have generous crediting terms. But unless fee-based advisors can decide how to bill clients for holding such a safe, low-maintenance product, they may not recommend the category at all. That would...
September 28, 2017

‘Tell Ken Fisher To Stuff It’

That's what variable annuity pioneer Bob Saltzman said at the Insured Retirement Institute's 25th anniversary conference in Florida this week. The fiduciary rule, he added, will lower the cost of annuities and make them...