Welcome to the home of the Retirement Management Journal and the RIIA Virtual Learning Center.
In this section of the website, you’ll find everything you need to know a out the RMJ and the VLC, both of which are designed to promote and expand the body of retirement-income knowledge.
Launched in October 2011, the Retirement Management Journal (RMJ) is the first professional journal designed to promote research, scholarship and innovative thinking on retirement-management and retirement-income topics that contribute to the profession’s and industry’s body of knowledge as well as to the curriculum for RIIA’s Retirement Management AnalystSM (RMASM) designation.Founded in large part by the financial support of Allianz Global Investors, this peer-reviewed journal centralizes retirement-income and retirement-management papers and in doing so serves the needs of a wide cross section of professionals, including financial advisers, executives, and scholars.The RMJSM also serves to help those who have achieved the RMASM advanced designation fulfill their continuing education requirement. Learn more about the RMA.
The Virtual Learning Center is the industry’s premier resource for web-based live as well as archived lectures and presentations on retirement-income research, products, and strategies for the benefit of personnel at home offices and institutions and financial advisors.
Learn more about the Virtual Learning Center
The publication’s goals are to:
- Become a leading source on retirement-income and retirement-management topics for wide-cross section of professionals.
- Create a forum on the emerging and promising field of retirement income not sufficiently addressed by existing silo-based industry groups, professionals, and publications
The Retirement Management JournalSM is a publication of RIIA.
Summer 2013 Issue
The Summer 2013 issue of the Retirement Management Journal (RMJ), Vol. 3, No. 2, features the work of the Retirement Income Industry Association’s (RIIA) Research Committee and is now available to members and subscribers.
Led by Elvin Turner, RIIA’s Research Committee Chair – Research Committee members include principals from Depository Trust & Clearing Corporation (DTCC), PricewaterhouseCoopers (PwC), Strategic Business Insights, and Morningstar, to name but a few – continues to break new ground and the papers in this issue – the RMJ’s second-ever Research Committee issue – bear that out.
Chief among the ground-breaking work in this issue is an overview of RIIA’S Household Balance SheetSM (HHBS), an integral part of RIIA’s Market Insight (RMI) program and its 360-degree view of the retirement-planning world. The HHBS is a framework for providing a comprehensive view of U.S. households’ financial and non-financial assets and liabilities, based on a database that is representative of 128 million U.S. households. This database draws from Strategic Business Insights’ MacroMonitor database, as well as data from other sources, such as the Bureau of Labor Statistics’ Consumer Expenditure Survey.
The HHBS is a powerful tool that enables executives in financial services firms to see opportunities for their products and programs within the context of the entire household’s financial situation.
The HHBS is also an important addition to the Retirement Management AnalystSM curriculum. Among other things, the HHBS will enable those who hold the RMA a unique insight into their client’s household, especially their financial, social, and human capital.
This issue also features a paper written by several authors from PwC, including Anand Rao, a principal with PwC Analytics and Insurance, which discusses how the RIIA HHBS can be projected into the future and analyzed through simulations of different economic, social, and other scenarios.
In that paper, the authors ask and begin to answer the question: “What is the future HHBS across each RIIA Market Segment and what factors will drive change?” This paper also provides an interesting look at what’s to come in the retirement-income world and how to plan for it.
In addition, this issue of the RMJ features research from Howard Schneider and Dennis Gallant. Despite the growing demand on the part of advisers for retirement-income support from platform providers, product manufacturers, and service firms, Messrs. Schneider and Gallant reveal that no firm or industry segment has emerged as a dominant player or clear winner in serving advisers.
What’s behind the growing demand by advisers for support in retirement income? Ron Bush, Brightwork Partners, reveals in his paper research results that demonstrate the measurable increase in plan participant confidence about their retirement when an adviser is involved with their employer-sponsored retirement plan.
Advisers are also critical in assuring consumers consider and plan for health care needs. In this issue, Mathew Greenwald and Borden Ayers delve into the need for health care planning and the role played by advisers in assuring this critical topic is given attention by retirees. In addition, they share their views on the opportunity for products in this realm and the value of clarity for advisers in understanding Social Security and Medicare.
One of the values derived from RIIA membership is awareness of specialized research. In this issue of the RMJ, Andrew Blumberg outlines DTCC’s Analytic Reporting capability, including examples of specific uses of the data in identifying growth opportunities and laser targeting sales people.
And this issue also features a paper by Anna Rappaport, F.S.A., MAAA, Vickie Bajtelsmit, J.D., Ph.D., and LeAndra Foster, A.S.A., titled “New Insights on the Measurement of Benefit Adequacy.” This paper provides a summary of the methodology and findings of the Society of Actuaries study: “Measures of Benefit Adequacy: Which, Why, for Whom and How Much,” and discusses the implications for advisers and firms interested in retirement-income adequacy.
That’s just a taste of what you’ll read in this issue. It’s also just a taste of what’s happening with RIIA’s Research Committee. In the coming months, the RMI program will unveil the household’s experience with their investments, and expand its research on the four main areas of the customer experience.
We hope that you enjoy all the papers in this issue. And remember, there are many ways to support the Retirement Management Journal:
- Take advantage of a key RIIA member benefit: Institutional members of RIIA are able to distribute the pdf version of the RMJ to employees and associates
- In addition to your free subscription to the RMJ, if you are an employee of an Institutional Regular Member you also get a free Individual Membership if you opt in. Benefits include priority access to RIIA’s Virtual Learning Center.
- Advertise/Sponsor: Our publication is now reaching thousands of financial advisers who hold themselves out to be retirement-income specialists. Plus, it’s read by leading executives from many firms and organizations. Total cost to sponsor one issue is $15,000, $50,000 for four issues.
- Buy reprints of papers or the entire RMJ issue for your sales and marketing efforts.
- Purchase hard-copy back issues of the RMJ at Amazon.com
- Contribute: If you want to help expand the body of retirement-management knowledge and advance the profession, submit your papers to us. The author’s guidelines can be found at Submit a Paper.
Those interested in learning more about the Retirement Management Analyst (RMA) designation, please visit the RMA section of this site.
For the complete details about the RMA designation, please review the Manual for Compliance Officers.