Zombie 401(k) Accounts
Who ya gonna call when former participants disappear, but their retirement accounts remain undead and their checks ($735,000, in one case) go uncashed?
View ArticlePublic Pensions, Version 2.0
In New Brunswick, Canada, city officials and union leaders are experimenting with a new, more frugal kind of public pension that’s based on the principle of “Shared Risk.”
View ArticleLiving longer—and livelier
“Our major conclusion is that time spent in poor physical functioning is being increasingly compressed into the period just before death,” write David Cutler of Harvard, Mary Beth Landrum of Harvard...
View ArticleChicago could learn from St. John
The Second City's municipal pensions are underfunded by billions of dollars. The mayor wants Chicago's public employees' unions to make the kinds of concessions that unions in St. John, New Brunswick,...
View ArticleLetter to the Editor
J. Spencer Williams, CEO of Retirement Clearinghouse, comments on our cover story last week on "Zombie" 401(k) Accounts.
View ArticleIRI announces speakers for its September 22-24 meeting
Featured speakers will include Roger Ferguson of TIAA-CREF, Dan Arnold of LPL Financial, Jonah Berger of the Wharton School, Lisa Bodell of futurethink, Joseph F. Coughlin of the MIT AgeLab and others.
View ArticleVariable annuity filings in May: Beacon Research
Principal Life, First Investors Life, Allianz Life, Lincoln National Life and Lincoln Life & Annuity of NY all filed N-4/A contracts for approval. (Links to contracts included.)
View ArticleInvestors flock back to stocks
“The strong enthusiasm for equities should give contrarians pause,” said David Santschi, CEO of TrimTabs. “Four of the ten largest inflows into U.S. equity funds occurred at the peak of the technology...
View ArticleLarge private DB plans are mending fast: Milliman
"The last 12 months were the best 12-month period for corporate pension funded status in the history of our study," said John Ehrhardt, co-author of the Milliman Pension Funding Index.
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleCloser to Where You Belong
Whither the variable annuity business? We asked Bruce Ferris of Prudential, Liz Forget of MetLife, Eric Henderson of Nationwide Financial, Dan Herr of Lincoln Financial Group, Richard Moran, formerly...
View ArticleZombie 401(k) Accounts
Who ya gonna call when former participants disappear, but their retirement accounts remain undead and their checks ($735,000, in one case) go uncashed?
View ArticlePublic Pensions, Version 2.0
In New Brunswick, Canada, city officials and union leaders are experimenting with a new, more frugal kind of public pension that’s based on the principle of “Shared Risk.”
View ArticleStudy estimates public cost of Social Security claiming strategies
The “claim now, claim more later” strategy, which can be used by two-earner couples, could have cost $9.7 billion if widely used in 2006, according to the Center for Retirement Research at Boston...
View ArticleHow to Make Annuitization More Appealing
In the embedded video, Brigitte Madrian of Harvard (pictured) describes the results of two surveys of older Americans about lifetime income that she and a team of other Ivy League researchers...
View ArticleCanadian men and women are living longer
Adoption of the new proposed mortality tables could immediately increase pension accounting liabilities by 5% to 10% for many Canadian defined benefit plans, according to Towers Watson.
View ArticleClass-action 401(k) fee lawsuit against Lockheed Martin will proceed
"Abbott v. Lockheed Martin" was one of several 401(k) fee-related class action lawsuits filed in 2006 by the St. Louis law firm of Schlichter, Bogard & Denton.
View ArticleFunds receive $665 billion net inflow worldwide in first half of 2013
Funds outside the US collected $360 billion on a net basis, of which nearly 75% went to European funds, including cross-border UCITS funds that are sold globally, according to a report from Strategic...
View ArticleRIJ Advisor will return on August 26
Due to a vacation break, the next issue of RIJ Advisor will appear on August 26 rather than as scheduled on August 19.
View ArticlePatented pricing mechanism aims to unlock LTCi hybrid market
Strategic Health Management has developed and Ruark Consulting will market the Flexible Insurance Pricing Option, or FIPO, which enables the calculation of rising premiums.
View Article