Could You Be Sued Under the New DOL Rule?

'If you’re trying to get things right, our aim is to help you, and that will be true for some time after December 2017,' said attorney Tim Hauser of the Labor Department regarding enforcement of the DOL's fiduciary rule. Illustration by Stephen Younts.

Examining the Indices in Index-Linked Annuities

A mountain biker needs 18 or 21 gears to smooth a path over rocks and through arroyos. Index-linked annuities now collectively offer some 140 index choices. Hybrid indices can theoretically smooth an investor’s path through rocky markets--but they're complicated.

The Point of Indexing (in Annuities)

Every June, RIJ focuses on indexed annuities. Last year, we studied options in indexed annuities. This year we consider the indexes themselves, especially 'hybrid' and 'volatility-controlled' indexes. Bryan Anderson, Don Dady and David Lau weighed in.

The Irony of Inflation Forecasting (Research Roundup)

In this month's roundup, we learn that CEOs pay little attention to inflation. We also find out why retirees keep saving, why "centaurs" pick stocks so well, which financial biases keep people poor, and how working longer affects male mortality.
Featured

Helicopter Money Is in the Air

Helicopter money comes in two forms: The government could issue each voter or citizen with a smart card worth, say, $1,000. Or helicopter money could be used to finance infrastructure spending, writes our guest columnist, a biographer of J.M Keynes.

Anecdotal Evidence

In this week's opinion piece: The possibility that the DOL rule will extend to taxable accounts; Vanguard's formula for calculating a safe withdrawal rate; thoughts on recent news coverage of Wells Fargo and BlackRock.
News

Could You Be Sued Under the New DOL Rule?

'If you’re trying to get things right, our aim is to help you, and that will be true for some time after December 2017,' said attorney Tim Hauser of the Labor Department regarding enforcement of the DOL's fiduciary rule. Illustration by Stephen Younts.

With eye on DOL, IRI hires Milliman to survey annuity comp

The survey is necessary to establish industry compensation benchmarks because the DOL didn’t define “reasonable” compensation except to say that it should follow 'a market based standard,' the Insured Retirement Institute said.

MassMutual, Envestnet enhance fiduciary services

Earlier this year, MassMutual and ERS, Envestnet's registered investment advisor, added '3(21)' service to their Fiduciary Assure program. Now they're adding a '3(38)' service.