In the years 2010-2012, investors around the world poured nearly $700 billion into bond funds, while taking nearly $300 billion out of stock funds. That was then, this is now. Today, more investors view the bond market as abnormally risky and are concerned that recent bond losses could deepen if interest rates continue to rise. ZIRP (zero interest rate policy) has come at the expense of savers and conservative investors, among them are retirees and captive insurance companies. Without an ability to find a risk-free return, much less a low-risk return, many investors have moved and continue to move into riskier assets in order to generate some returns.
US Service Sector grows at slower pace in November
The US service sector firms grew at the weakest pace since June, evidence that consumers and businesses are more cautious heading into year end.
The Institute for Supply Management (ISM) reported that its service index fell to 53.9% in November, a decrease from its 55.4% October reading. This marks the 47th consecutive month of growth. A reading above 50 indicates the sector is expanding.
Runnymede Capital Management Named “Best Customer Service in Investment Management” at 2013 Captive Services Awards
Morristown, New Jersey, December 3, 2013 – Runnymede Capital Management has been named “Best Customer Service in Investment Management” for the second consecutive year at the US Captive Services Awards. The program is presented by Captive Review with the goal of recognizing service providers who have excelled over the past 12 months. Notably, Runnymede is only one of three firms that received the same award as last year, reflecting the changing landscape of the U.S. captive insurance industry.
An impartial review of the Prudential Defined Income Variable Annuity
The annuity business has grown in popularity as investors, especially those nearing retirement, look for options to protect themselves from stock market volatility and give them a decent income stream in retirement. With over $200 billion in annual sales, the annuity industry is big business with lots of salesmen trying to persuade you to make a purchase.