Americans’ Appreciation for Guaranteed Retirement Income on the Rise
They view it as a hedge against rising health care costs, longevity risk and market downturns.
Latest News
Tough Process Questions Raised by Fifth Circuit Fiduciary Rule Decision
To help ease the immediate concerns and confusion of clients, the law firm Stroock has published a helpful guide that dissects the latest fiduciary rule developments; on one attorney’s...
Benefits |
Voluntary Benefits Can Be Part of Overall Financial Wellness Strategy
Many types of benefits offer financial protection and peace of mind for employees, speakers from Mercer explained in a webcast.
IRS Reduces Fee for Terminating Plan Determination Letter
Plan sponsors who have already submitted an Application for Determination for Terminating Plan in 2018 will receive a refund of $700.
Three in Ten Baby Boomers Haven’t Prepared a Retirement Budget
Sixty-five percent have not budgeted for unforeseen health-related expenses.
Court Denies Participant Second Chance at Voya ERISA Suit
A federal district court judge ruled a new complaint alleging Voya Financial and Voya Retirement Advisors engaged in prohibited transactions in violation of ERISA through a service arrangement...
Benefits |
Proposed Legislation Would Address Student Loan Debt and Social Security Solvency
A poll by LendEDU finds 46% of Americans would participate in a proposed program that would provide loan forgiveness to borrows who agree to delay eligibility to collect...
Products |
Washington Financial Group Revamps Website
“We are focused on providing our clients with the necessary resources, tools and technology they need to pursue successful retirement outcomes for every employee,” says Joe DeNoyior, WFG’s...
Circuit Courts’ Conflict on DOL Fiduciary Rule Could Persist
The fact that two U.S. Circuit Courts of Appeals, the Fifth and the Tenth, have issued conflicting rulings about the propriety of the DOL’s process in creating and implementing a...
Gun Divestment Bill Introduced in Massachusetts Legislature
State pensions have a history of “talking with their feet” in a show of activism against undesirable products or actions.
Near-Retirees and New Retirees Have Higher Debt Than Older Generations
EBRI says more families are placing themselves at risk of running short of money in retirement due to their increased likelihood of holding debt while in retirement.
Benefits |
Owners and Employees Alike Can Benefit from ESOPs
A new website launched by Principal seeks to help business owners and their advisers talk through the possibilities of creating an employee stock ownership plan as part of...
Two ESOP Bills Would Promote Employee Ownership
Both, one in the House and one in the Senate, have bipartisan support
Retirement Industry People Moves
Aon appoints global head of Investment Product Development; Hub International acquires Spectra Management; OneAmerica hires regional sales director; and more.
Scorecard Shows Mixed Results for Active Fund Managers
Steve Deschenes, product management and analytics director at Capital Group, says, “The active-passive debate is an industry discussion which distracts investors from what can have a real impact...
Benefits |
One-Size-Fits-All Financial Education Missing the Mark
Programs need to be individualized and include financial coaching.
Products |
Predictive Analytics Can Help Solve Retirement Plan Challenges
John Hancock has begun using predictive analytics to address defined contribution (DC) plan participant behaviors that could hurt their outcomes.
Circuit Court Ruling to Vacate DOL Fiduciary Extends Regulatory Uncertainty
In issuing a strong ruling to vacate the DOL fiduciary rule expansion, the Fifth U.S. Circuit Court of Appeals is now at odds with multiple other courts that...
Products |
Investment Products and Services Launches
Hartford Funds lowers fees for six ETFs; oekom research joins ISS, renames brand; T. Rowe Price releases multi-strategy fund; and more.
PGIM DC Leader Urges Aggressive Plan Design, Sponsor Courage
Drawing insights from across the entire Prudential Financial organization, Josh Cohen, PGIM head of defined contribution, offers some sobering statistics about the performance of DC plans—as well as...