Bloomberg publishes new edition of ERISA: The Law and the Code
The complex is made simple (or as simple as possible) in this handy desktop reference for all your ERISA-related questions.
View ArticleMost middle-income Americans ignore longevity risk: Bankers Life
Middle-income Americans, ages 55 to 75, tend to believe that wisdom arrives at about age 56, but old age doesn’t necessarily start until age 78.
View ArticleDeficits at largest pension funds keep growing: Milliman
The deficit increase and reduced funding ratio in 2012 occurred despite plan sponsors’ efforts to halt the decline through de-risking and despite rising stock prices.
View ArticleThe Bucket
Brief or late-breaking items from New York Life, Curian Capital and Genworth Financial.
View ArticleVA Net Flows ‘Grim’ in 4Q 2012: Morningstar
“A spike in outflows from group contracts and continued large outflows from companies that have exited the business were the major components of the precipitous drop," wrote Morningstar's Frank...
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleWhere the Wealth Is
Do you build and wholesale financial products? Cerulli reports that the giant wirehouse channel shrank slightly last year, to the benefit of the fast-growing RIA and dually-registered advisor channels.
View Article401(k) Litigation: The 'Next Asbestos'?
“The vast majority of 401(k) funds are at risk of lawsuits over excessive fees,” said James Holland, director of business development at Millennium Investment and Retirement Advisors, a fiduciary...
View ArticleVA Net Flows ‘Grim’ in 4Q 2012: Morningstar
“A spike in outflows from group contracts and continued large outflows from companies that have exited the business were the major components of the precipitous drop," wrote Morningstar's Frank...
View ArticlePick and Roll(over)
Hundreds of TV ads for financial services have appeared during the 2013 NCAA men's basketball tournament so far. None was an absolute slam dunk, but all were good. Read on, watch the video clips, and...
View ArticleBrand Conscious, But in Different Ways
Affluent investors seem to love direct retirement product providers, but advisors’ favorite brands vary by distribution channel. Everyone seems to like American Funds.
View ArticleParticipants Still Wary of Equity Risk: Spectrem Group
In 2012, 401(k) participants held 36% of their assets in diversified equities and another 13% in company stock. In 2006, these investors had 40% of their assets in diversified stocks and 19% in...
View ArticleDementia treatment in U.S. to cost $379 billion to $511 billion a year by 2040
“The total monetary cost of dementia in 2010 was between $157 billion and $215 billion,” said the RAND Corporation study. “Medicare paid approximately $11 billion of this cost.”
View ArticleMetLife now manages a sixth of Romania’s DC assets
At year-end 2012, more than 5.7 million Romanians participated in the "second pillar" with net assets of RON 9.64bn (€2.18bn) in nine funds. Since 2008 the number of funds has been halved to eight...
View ArticlePhoenix and AltiSure issue ‘Next Generation’ indexed annuities
In contrast to competing contracts, this contract's return-of-premium death benefit doesn’t decrease as the lifetime withdrawal benefits are drawn, Phoenix said in a release.
View ArticleFirst-quarter flows to U.S. equity funds are largest in nine years: TrimTabs
The big inflows into equities did not come at the expense of bonds. Bond mutual funds and ETFs received $72.3 billion in the first quarter, the seventeenth consecutive quarterly inflow.
View ArticleThe Bucket
Brief or late breaking items on New York Life's 2012 financial results, on a Center for Retirement Research study about the effectiveness of retirement income projections on participant savings...
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View Article401(k) Litigation: The 'Next Asbestos'?
“The vast majority of 401(k) funds are at risk of lawsuits over excessive fees,” said James Holland, director of business development at Millennium Investment and Retirement Advisors, a fiduciary...
View ArticleVA Net Flows ‘Grim’ in 4Q 2012: Morningstar
“A spike in outflows from group contracts and continued large outflows from companies that have exited the business were the major components of the precipitous drop," wrote Morningstar's Frank...
View Article