Latest News
Court Finds Fraud in Failure to Investigate Participant Concern
A retirement plan participant questioned his projected retirement benefit and a plan representative assured him it was correct, without further investigating.
Too Soon to Assume the Worst About Fiduciary Rule
Plan sponsors and advisers should keep in mind the fiduciary rule language issued by the DOL is just a proposal.
Documenting a TDF Selection Process Is Key
When evaluating and choosing a target-date fund, plan sponsors need a definitive process in place to support decision-making.
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Firm Debuts Retirement Health Costs Planning Tools
HealthView Services says its new calculators complement its existing tools used by major companies and advisers to help individuals plan for, manage and reduce retirement health care costs.
Employee Financial Wellness Programs the New Normal
Eighty-three percent of employers surveyed report feeling responsible for their employees’ financial wellness.
Social Media Influences Institutional Investment Decisions
Social media is joining traditional financial news media as a key source of information used by institutional investors, according to Greenwich Associates.
EEOC Issues Proposed Rule for Wellness Programs
The proposed rule focuses on limiting incentives, protecting against discrimination and protecting privacy.
Changes Plan Sponsors Would See With New Fiduciary Rule
Reading media reports about how the DOL’s new fiduciary investment advice proposal will affect adviser practices, plan sponsors may be asking, ‘What does it mean for us and...
Participants Need Improved Financial Education
A study by The Guardian finds a link between a lack of financial education and poor retirement outcomes.
Knowledge Gap on Income Needs Denotes Deeper Problems
Across generations, U.S. workers still struggle to set and follow retirement income plans, a LIMRA Secure Retirement Institute study shows.
AICPA Making Efforts to Enhance Plan Audit Quality
A study by the DOL has alerted the AICPA to some issues with retirement plan financial audits.
Fiduciary Wording Invokes Storm of Comments
The DOL’s release of the reworded fiduciary proposal was a critical event for the retirement industry—so there was no shortage of either positive or negative commentary.
Gen Y Money Woes Persist Despite Growth
U.S. workers, especially Generation Y, face persistent financial worry despite improvements in the economy.
DOL Says Protection and Flexibility the Themes of New Fiduciary Proposal
Recognizing that the fiduciary standard applies to a myriad of highly specific circumstances, the DOL tried with its new proposal not to disrupt relationships between retirement plan advisers...
Top DB Plans Lose Ground Last Year
A new study shows the greatest funded percentage drop since 2008.
Gen X More Worried About Retirement than Boomers
More Gen Xers than Baby Boomers surveyed agreed they are solely responsible for their retirement.
CalPERS Adjusts Contributions for Increased Longevity
"As the fund matures, and the retired population grows, it's important that the rates reflect the changing demographics of our members," says Richard Costigan, chair of the CalPERS...
Fiduciary Rule Review Too Short, FSI Says
The Department of Labor has shared long-awaited rule language that will fundamentally impact the way plan sponsors work with plan advisers, touching off a strong industry provider response.
Broad Strokes of New Fiduciary Rule Outlined by DOL
New rule language outlined by the Department of Labor will increase the number of advisers and brokers required to act as fiduciaries for investment clients.