At the Money Management Institute Fall Solutions conference in Boston this week, one of the presentations focused on the right and wrong words to use when explaining the impact of the DOL fiduciary rule to existing clients.
The deferred income annuity, aka longevity insurance, is favored by academics and is mandatory in Germany and Singapore. Here's a compelling new way to explain its value to clients, courtesy of widely-known pension economists.
In another of our occasional Research Roundups, we survey papers that explore how we like to fool ourselves, how debt keeps women working, why it's better to grow up during an economic boom, and other complex phenomena.
'At the end of the day, tweaks to the individual income tax system, including higher tax rates, are unlikely to increase dramatically the taxes paid by the very wealthy,' writes our guest columnist, in describing tax strategies that will survive the election.
Watching football games lets me see TV ads for financial services companies. Last weekend, I saw funny ads from E*Trade and GEICO, and a serious ad from Northwestern Mutua. I also saw a full-page mea culpa from Wells Fargo in the NYTimes.
'IncomeAssure covers salaries up to $250,000 a year. It allows policyholders to maintain their current lifestyle and pay their bills while unemployed, regardless of which candidate wins the election,' said a release about the Great American product.
U.S. equity attracted steady flows on the passive side, with an estimated inflow of $19.3 billion in September, up from August's $16.4 billion.