Boomer Demand for Annuities to Stay High Despite Low Rates
Three-quarters of advisors say most clients want guaranteed retirement income, IRI report shows.
BlackRock’s Rieder Fund Snags PIMCO Assets
Rieder, who runs the $4.1 billion fund, has delivered 7% over the past year, making it the top bond fund.
Orion Integrates Data Aggregator Quovo as T3 Tech Conference Kicks Off
The deal will bring aggregated data from thousands of financial institutions to a leading portfolio trading and rebalancing system.
Gross Exit Prompts $27.5 Billion in Withdrawals From PIMCO Total Return
But redemptions "slowed sharply" after the first five trading days of October, PIMCO said.
Morningstar to Provide Equity Research, Ratings to Schwab
The partnership will give Schwab access to Morningstar's global equity analyst reports and ratings.
Janus Positioning to Gather Money as Gross Move Reshapes Market
Janus is in conversations with countless institutions and advisors as the firm seeks to grab some of PIMCO's outflows, CEO Richard Weil says.
Former PIMCO Parent Pacific Life Moves Accounts to Janus
Pacific Life is moving some money to Bill Gross’ new firm, Janus, which said the decision pre-dated Gross’ exit.
Schwab Drops PIMCO Total Return From Target-Date Retirement Fund
Schwab also removed PIMCO as SMA manager in the Schwab Institutional Core-Plus Fixed Income Trust Fund.
PIMCO’s Ivascyn to Challenge Gross With Unconstrained Fund
The new group CIO is about to go head to head with Bill Gross in the fastest-growing segment of fixed income: unconstrained funds.
Retirement Income Experts Convene at IRI Conference
Political analyst Stuart Rothenberg will discuss the current political landscape of the retirement industry.