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Announcements by the company provide an example of common steps and the timeline for a pension risk transfer.

Mark Unhoch, with October Three, explains why annuity costs for pension risk transfers (PRTs) are greater when interest rates are lower.

People who work with an adviser are more likely to say they have clarity on balancing spending and saving for later and have a financial plan built to...

BBVA Compass Bancshares is accused of failing to monitor investments and remove imprudent ones.

Common biases impacting retirement plan investors include the availability bias, belief perseverance bias, confirmation bias, herding bias and more.

The House is scheduled to leave Washington on Friday and the Senate is expected to start its recess a week later, after which federal budget and debt ceiling...

TIAA hires chief customer officer; Northern Trust announces COO for global foreign exchange; CapAcuity merges with executive benefits firm; and more.

PwC says its survey findings should prompt employers to revisit their financial wellness programs to ensure they are addressing the challenges employees are facing and motivating them to...

The company calls it a defined outcome system because it is a suite of tools that emphasizes retirement income over account balances.

The son of late Assistant Supreme Court Justice Antonin Scalia failed to get confirmation from the Senate for the position of Department of Labor Solicitor when President George...

The district court found "the mere fact that the plan included the affiliated funds—and defendants were aware of that fact—is not sufficient to charge them with constructive knowledge...

Fidelity adds lower expense ratio mutual funds, and Vanguard introduces global stock fund. 

However, the ratings agency doesn’t expect funded status improvements to continue, and it notes that many not-for-profit hospitals are focusing on de-risking strategies.

The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ rights, and it notes that the...

A multiemployer plan was found to have brought a viable claim for a withdrawal contribution required in its trust documents.

The IRS has issued guidance allowing high-deductible health plans (HDHPs) with health savings accounts (HSAs) to cover specified medications and services used to treat chronic diseases prior to...

Employers can lower their health benefits spend, as well as costs for employees, by moving away from preferred provider organizations (PPOs), utilizing value-based care and using benefits consultants...

The adoption of enhanced defined contribution (DC) plan features has led to increased plan participation and optimized portfolio construction for small business employees, according to Vanguard.