Uncertainty about tax legislation, and Congress’ apparent disinterest in 401(k)s except as a kind of piñata, lent a daffy, fatalistic tension to many of us at the ASPPA and LIMRA annual conferences, held this week at a convention center outside Washington, D.C.
'It’s a new and improved version of a product that we previously offered called Potential Plus,' said Chad Tope (pictured), president of Annuities and Individual Life Distribution for Voya Financial.
In a new report, 'Beneath the Surface: What Americans are Paying in Advisory Fees,' the robo-advisor Personal Capital does its best to embarrass the wirehouses and big brokerages.
Using the MP-2017 improvement scale could reduce a pension plan's obligations by 0.7% to 1.0%, based on a 4% discount rate, the Society of Actuaries' latest estimates suggest.
'The odds of tax reform coming out of this conference are zero percent,' said former Treasury official Mark Iwry at the academic forum of the Defined Contribution Institutional Investments Association last week in New York. 'The odds of tax cuts are considerably higher.'
For life insurers, the long-range profitability of variable annuity living benefit riders depends on policyholder behavior around surrenders, withdrawals and annuitization. Ruark Consulting tracks that behavior and reports on it periodically.
Edward Jones reaches $1 trillion is assets "under care," Milliman study shows MEPs funding status has improved, Concord Coalition criticizes Senate budget proposal, Jonathan Matta joins MassMutual DCIO sales team, and Fidelity adds a short-term bond fund to its lineup of index funds.