1. MassMutual shuts down its retirement income unit

    MassMutual shuts down its retirement income unitInvestmentNewsAlmost five years after Massachusetts Mutual Life Insurance Co. entered the retirement income market, the firm has shut down the ...
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    1. MassMutual is one of many firms that invested in their retirement income initiatives during the good times but had a hard time justifying it when the markets started to turn.
    2. The no-load-managed-account marketplace that they were trying to appeal to might still be several years away from a real marketplace.
    3. We think we need to re-look at the RMA and the concept behind it, and figure out how we can make it simpler.
    4. I do not think we have missed a beat in terms of talent.
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