The Essence of Goal-Based Investing

By Kerry Pechter
Goal-based investing is more than just mental accounting that assigns labels like “house,” “college” or “retirement” to different pots of money. It's ultimately about risk management, as we learned from Lionel Martellini, director of France's EDHEC RIsk Institute.

AIG Tops Annuity Sales Chart Again

By Kerry Pechter
Eight years after collapsing under the weight of CDS losses and four years after emerging from federal ownership, AIG is again atop the annuity sales charts, with $9.78 billion sold in the first half of 2016. (Pictured: AIG CEO Peter Hancock).

Yale, MIT and NYU Sued over Retirement Plan Fees

By Kerry Pechter
The universities' retirement plans were the latest to be sued by the law firm of Jerome Schlichter (pictured at his office in St. Louis) for violations of fiduciary duty. The suits charge that the schools should have bargained for lower fund expenses and administrative fees.

Advisors: Give this ‘Tilt’ a Whirl

By Kerry Pechter
Last month, we reported on John Walton's "tilt" method of fine-tuning systematic withdrawals in retirement. New research by the Texas hydrologist-turned-retirement income specialist combines tilting and income annuities.
Featured

Chile’s Pension Crunch

By Andrés Velasco
The author, a former presidential candidate and finance minister of Chile, teaches at Columbia University's School of International and Public Affairs.
News

AXA wins excessive fee litigation suit

By Editorial Staff
U.S. Judge Peter G. Sheridan ruled that the plaintiffs failed to prove that AXA Equitable’s Fund Management Group had charged “exorbitant fees” while delegating “all of the services” to sub-advisers or a sub-administrator for a “nominal amount.”

Honorable Mention

By Editorial Staff
Brief or late-breaking items from Voya Financial, MassMutual, TIAA, Diversified Services Group, Ameritas, The Guardian, and the World Demographic and Ageing Forum.