Bank annuity sales dip 2.5% in first three-quarters of 2015
Over two-thirds (68.4%) of BHCs with over $10 billion in assets earned third quarter year-to-date annuity commissions of $2.49 billion, constituting 94.8% of total annuity commissions reported.
View ArticleThe January sell-off in stocks—a delayed reaction to the Fed?
'It is possible that we could have seen outflows from U.S. equity funds in December were it not for the year-end rebalancing trend," said Alina Lamy, author of the latest Morningstar Direct Asset...
View ArticleChristie nixes state-run IRA in favor of private marketplace
The marketplace will offer three options: a SIMPLE IRA, a payroll deduction IRA and a MyRA. Firms participating in the marketplace will have to offer at least two investment options, including a...
View ArticleMore Than a Nice Interface?
Jon Stein, CEO of Betterment, the biggest of the 'robo-advisors,' talked with RIJ recently at Betterment headquarters--three converted lofts in an historic building just west of the Flatiron Building...
View ArticleThe Bucket
Brief or late-breaking items from or regarding MetLife, Voya Financial, Canadian pension funds, Protective Life and Liberty Mutual.
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleSocial Security Maximizer
The Social Security Maximizer is an integral tool for a retirement planner's comprehensive financial planning calculations.
View ArticleTales from the Annuity Frontier
Three pioneers in the creative use of annuities in retirement portfolios--Wade Pfau, Joe Tomlinson, and Steve Vernon--have created an "efficient frontier" for deferred income annuities in two reports...
View ArticleVideo: Income 'Roundtable' at The American College
Retirement income sources, including annuities, reverse mortgages, Social Security and LTCI, were topics of this two-hour seminar from the Retirement Income Certified Professional program at The...
View ArticleMore Than a Nice Interface?
Jon Stein, CEO of Betterment, the biggest of the 'robo-advisors,' talked with RIJ recently at Betterment headquarters--three converted lofts in an historic building just west of the Flatiron Building...
View ArticleBetterment Wants to Build a Better 401(k)
Betterment, the largest independent retail robo-advisor, said Wednesday that it has entered the small company segment of the 401(k) market. But will its model confine it to the shallow end of the pool?
View ArticleRetirement Crisis? Not for Educated Couples
A new study shows that about 29% of single women with less than a high school education and 90.2% of married women with at least a college degree education are prepared for retirement in the U.S.
View Article$100 million for retirement pilot programs in Obama budget proposal
Certain pilots are expected to study "auto-portability"--the automatic transfer of small accounts from one 401k to another when people change jobs--and, potentially, help make it a standard feature of...
View ArticleFive lessons for advisors from Vanguard CEO
"Financial advice is having a moment," Vanguard CEO Bill McNabb said in a release. "The best advisors are seizing this moment to tell their story."
View ArticleBetter times ahead for U.S. active equity funds: Cerulli
The prospect of a rising dollar should make U.S. equities attractive to Europeans, and investors will expect active strategies to perform better than passive funds in volatile markets, Cerulli...
View ArticleBank of Montreal introduces Smart Folio, a robo-advice solution
Disruption of the financial advice market is occurring in Canada too, with the same drivers: technology, demographics and regulation.
View ArticleThe Global Economy's Marshmallow Test
'The world’s financial intermediaries are not properly steering long-term saving into long-term investments,' writes Sachs, author of 'The End of Poverty' and professor of Sustainable Development at...
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleSocial Security Maximizer
The Social Security Maximizer is an integral tool for a retirement planner's comprehensive financial planning calculations.
View ArticleVideo: Income 'Roundtable' at The American College
Retirement income sources, including annuities, reverse mortgages, Social Security and LTCI, were topics of this two-hour seminar from the Retirement Income Certified Professional program at The...
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