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Elliot Health System made the statement that “financial challenges in health care have led the vast majority of health care employers to make this decision years before we...

Many employees don’t understand health benefits—including that most insurance covers preventive care. Better education can lead employees to use benefits correctly and become healthier.

An analysis found defaulting a portion of balances in deferred income annuities (DIAs) would boost income for retirees later in life, and researchers offered suggestions for implementation by...

The new bill, combined with existing state law, means the State Retirement and Pension System must now report all fees paid to outside investment managers.

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...