Wells Fargo’s New Annuity Wagon

Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.

DOL “delouses” socially responsible investments

Economically-targeted investments, including socially-responsible mutual funds and "green bonds," can be offered in ERISA-regulated retirement plans if they offer competitive return expectations and no unusual risk, Labor Secretary Tom Perez said Thursday.

RetirePreneur: Cindy Hounsell

Cindy Hounsell is the founder and president of the nonprofit organization, Women’s Institute for a Secure Retirement.

As DOL ponders fiduciary proposal, retail channel assets grow

“U.S. retail channels have exhibited strong growth in recent years, driven primarily by Baby Boomers transitioning assets out of traditional institutional channels, such as 401(k) plans,” said Jennifer Muzerall, senior analyst at Cerulli, in a release.

Quote of the Week

"If some people have skills that are worth paying for, but it is difficult to determine who they are, everyone will be able to charge more. This mechanism is part of the explanation of high profits - and high remuneration - in the financial sector. Price competition is also often ineffectual when the item in question represents only a small part of the overall cost of the transaction." - John Kay, in "Other People's Money" (Public Affairs, 2015).