Greetings from the First ‘Retirement Management Forum’

Some 200 members of the Investments & Wealth Institute (IWI) came to Amelia Island, Florida, this week to learn about the principles underlying the Retirement Management Advisor designation, which IWI recently added to its existing lineup of designations.

Annuities ‘Compensate’ Even Short-Lived People

'Nature wants us to pool longevity risk,' writes annuity expert Moshe Milevsky. He explains why in a new paper, 'Swimming with Sharks: Longevity, Volatility and the Value of Risk Pooling.'

Employer Match vs. Auto-Enrollment; The Winner Is…

'Most of the estimates from the literature substantially understate the effect of matching,' write analysts Nadia Karamcheva and Justin Falk of the Congressional Budget Office's Microeconomic Studies Division. (Image from 'The Matchmaker,' by Gerard van Honthorst.)
Featured
News

U.S. spends $3.4 trillion in 11 months

Federal outlays through August totaled $3.4 trillion, up 2% from the same period last year. Receipts in the first 11 months totaled $2.2 trillion, up $126 billion from the same period last year. (Federal fiscal year ends Sept. 30, 2012.)

The Bucket

Brief or late-breaking items from New York Life, Phoenix Companies, Strategic Insight, BlackRock, DST Systems Inc., AXA Equitable Life, and Principal Financial.

Fed pledges action until economy shows gains

The Fed also acknowledged its limits. “Monetary policy, particularly in the current circumstances, cannot cure all economic ills,” the Fed chairman, Ben S. Bernanke, said at a news conference.