Retirement plan design changes can help close some equity gaps, but plan sponsors should first address differences in overall financial health among their employee demographics.
Greater support from plan sponsors and lawmakers is needed to bolster individuals’ retirement readiness in the wake of the COVID-19 pandemic’s impact on retirement security.
Hub International makes new acquisition; Carillon Tower Advisers names head of sustainable investing and corporate responsibility; K&L Gates adds employee benefits partner; and more.
Job openings are at record highs, fast food and retail outfits are offering hiring bonuses, and large corporations from retail to banking have substantially raised their minimum wages.
Greater engagement and education from plan sponsors and recordkeepers are key, but they need more information from participants about employee retirement readiness to form a clearer picture.
Participants in Voya’s defined contribution retirement plan suggest certain funds were not selected and retained for the plan as the result of an impartial or otherwise prudent process.
Despite employers, plan participants, retirees and near-retirees showing greater interest in lifetime income options, adoption by plan sponsors has remained muted.
BNY Mellon Investment Management launches active sustainable ETFs; Northern Trust partners with Accelex on alternative asset data; Ninety One rolls out international franchise fund; and more.
The plaintiffs in a new ERISA lawsuit suggest Delta Air Line’s pension plans’ annuity conversion factors were set decades ago, when mortality rates were significantly higher, and were...
They made suggestions that addressed others’ concerns that plan fiduciaries would consider the language of the rule as a mandate to consider ESG factors in investment selection.