Warning on VAs to Advisors: Be Afraid. Be Very Afraid.
Glenn Daily, insurance expert and variable annuity dissenter, says the complexity of these products’ guaranteed benefits is beyond most advisors’ ability to assess.
Best and Worst 529 College Plans for 2012: Morningstar
What’s striking this year is the big pool of winners, a reflection of the improvement in the 529 industry since it hit bottom in 2008—and seven of the 27 medalists are advisor-sold.
Madame Ex: Advising ‘Gray Divorcees’
We all know the cliché of the older divorcing couple: The husband, in the throes of a midlife crisis, dumps his aging wife for a younger cutie. But Boomers are turning this cliché on its head.
Public Sector Employees Lack Retirement Confidence, Despite DB Plans
Over one-quarter of public sector employees are not confident they’ll have enough money for a comfortable retirement, according to a study by the Center for State and Local Government Excellence and TIAA-CREF.
TDF Trends: Falling Fees, Blossoming Asset Diversity
BrightScope and Target Date Analytics recently released their newest study in the “Popping the Hood” series, providing a detailed analysis of TDFs and fund families.
No Jargon, Please: Think 401(k) Investors Know What ‘Fund’ Means? Think Again
Plain English, it turns out, is the key to getting employees to save more for retirement, says a survey of retirement plan participants released by State Street Global Advisors.
New Hire Roundup: Orizon Joins Mariner
This week in new hires, Mariner Wealth Advisors announced its acquisition of a majority interest in Orizon Investment Counsel’s wealth management division, and Lynne Ford joined Calvert Investments.
Highlights of Q1 Target-Date Report
The average return for target-date funds during the first quarter of 2012 was close to 9%, which is about 3.5% below the S&P 500 Index
Top Portfolio Products: Baird Launches Small-Cap Product; Fidelity Adds Global Equity-Income Funds
The Hartford announces new managers, funds, as Neuberger Berman and Market Vectors roll out new products.
Top Portfolio Products: Baird Launches Fund; Fidelity Adds Two
New products introduced over the last week include a new small-cap value fund from Baird; two new funds from Fidelity; and three new investment managers and sixteen new funds for The Hartford’s defined contribution retirement program offerings.