Lead Stories for Tuesday, March 28, 2023
Investor confidence sinks for second consecutive quarter, but 91% plan to maintain or increase investment
Great opportunity often arises in turbulent times, which may explain why, despite individual investor confidence declining for a second consecutive quarter, fewer than one-in-ten investors (9%) are planning to decrease investment in 2023.
Attractive yields and eased inflation fears see European investors return to bond funds
After a remarkably difficult 2022, fixed-income funds look to be back in favor with Europe’s investors as inflation fears begin to ease and yields improve, according to the latest issue of The Cerulli Edge—European Monthly Product Trends.
2 in 3 Americans think inflation is going to be worse in 2023
Federal Reserve rate hikes can send shockwaves through stock markets and put many people to sleep. But just because the nitty-gritty of the country’s fiscal policy isn’t exciting to most does not mean we’re unaffected. For example, consumers will pay around $30.4 billion in extra interest charges over the next 12 months due to the Fed’s 450 basis points in rate hikes between March 2022 and February 2023.
Finding a policy that fits your budget and financial goals
Life insurance is an important aspect of financial planning. However, with so many options available, finding a policy that fits your budget and financial goals can be a real challenge. In fact, a recent study by LIMRA revealed that people who don't feel knowledgeable about life insurance are less likely to have coverage.
Life insurance shoppers should be sure to consider their age and life circumstances before deciding on a specific policy
A life insurance policy can benefit a shopper in different ways depending on their age group. As an example, a policy can help young adults keep their families financially secure. Seniors with life insurance can help minimize funeral costs that their surviving family might have to pay.
ESG: Investors Are Human Too
As more investors begin to embrace and seek to understand, and ultimately invest in, emerging ‘environmental, social and governance’ portfolios (ESG), the industry has mobilized to deliver these opportunities in a way that makes sense to its clients. But that’s where things often get a little hazy, because socially responsible investors, who usually come to invest with good intentions, are not always best positioned to pick which societal issues they should care about. And when investment managers encourage investors to make this choice on their own, they could be doing them a huge disservice. [more]
New service aims to help women entrepreneurs understand their business' worth to improve retirement planning
Investably LLC announces the launch of a new business valuation service to help entrepreneurs understand their business worth to confidently prepare for their retirement income and future goals. [more]
Park brings decades of experience working alongside intermediaries, plan sponsors, and participants as a champion of retirement readiness
John Hancock Retirement, a company of Manulife Investment Management, announced today that Wayne Park has been appointed the head of its U.S. retirement plan and recordkeeping business with accountability for all aspects of the business including sales, relationship management, product, strategy, marketing, operations, and technology. Mr. Park joins the firm as CEO, U.S. Retirement, and will be based in Boston. [more]
John Grogan to retire after 31 distinguished years of service
Northwestern Mutual Chairman, President and CEO John Schlifske today announced senior leadership changes that position the company for long-term success by providing growth and development opportunities for key talent. [more]
Shen will also be leading the establishment of a centralized data team to serve and facilitate the firm's data needs
T. Rowe Price), a global investment management firm and a leader in retirement services, is pleased to announce Kelly Shen as its new chief data officer. [more]
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