In addition to a multi-million dollar monetary settlement, MFS has agreed to certain plan design changes moving forward.

Women are even more concerned than men.

Joe Ready is taking a new role as head of Trust and chief fiduciary officer for Wells Fargo Wealth & Investment Management, and will remain connected to the integration of Principal and Wells Fargo Institutional Retirement & Trust, supporting client and employee transitions.

Both chambers of the state assembly have passed legislation that would require religious organizations that manage pension plans to send regular updates on the financial health of the pensions to plan participants.

Both groups have become less optimistic since the start of the year, according to Nationwide. 

A study by Greenwald & Associates and CANNEX shows those close to retirement highly value guaranteed income to supplement Social Security, and suggests advisers consistently underestimate clients’ interest.

Outdated withdrawal strategies and risks retirees face create a need for the use of products and solutions that guarantee income, according to the 2019 Insured Retirement Institute (IRI) Factbook.

The company is planning to improve the tool with personalized recommendations, investment insights and spending analysis. 

At year-end 2018, 66% of new plan entrants were enrolled via automatic enrollment.

The Employee Retirement Income Security Act (ERISA) does not actually define "actual knowledge" required by participants who file fiduciary breach cases, and U.S. Circuit Courts are split on the issue.

Vitality, a provider of health and wellness solutions for employer groups, health plans and insurers around the globe, is making SmartDollar available to all of its clients as part of its Gateway platform as a result of expanding its offerings to include financial wellness.

Experts say the new SEC rules could allow brokers to encroach into the traditional territory of advisers without having to meet the same fiduciary standard of care.