The defined contribution retirement planning industry always seems to be struggling for balance, observes Josh Cohen, a 20-plus year industry veteran currently running DC business for Russell Investments.
Experts are beginning to advise plans sponsors to level the playing field when it comes to recordkeeping fees and other recurring expenses.
President Obama’s speech to the nation on Tuesday focused more on health care than retirement benefits—neither was a major discussion point—but there was still plenty of food for thought for the DC investment industry.
Driven both by employer paternalism and pragmatism, financial wellness programs are rapidly expanding among U.S. companies, according to Aon Hewitt.
Mobile application development figured largely throughout the year.
Retirement plan advisers are beginning to consider financial literacy and wellness programs for plan participants.
As 2015 is an indication, pension risk transfer activity shows no signs of slowing, so plan sponsors will need help—from "cleaning up" their plans to finding, and then transferring participant dollars to, the right insurer.
OMB is asking advisers and retirement industry providers for comments about the necessity of providing Summary Annual Reports to participants, and the burden it might create for industry professionals.
The PLANADVISER National Conference is a mine of information on practice management, regulation, investments and much more.
Mercer has outlined key investment issues it says DB plan sponsors should focus on in the new year.
Data from RFP assistance provider InHub reveals why plan sponsors search for new plan advisers, what they ask for, and mistakes advisers make in the RFP process.
Teaching defined contribution plan sponsors to manage money more like their pension plan counterparts—and other large institutions known for efficient investing—leads to better outcomes, experts say.
Part of what makes universal retirement planning advice hard to apply is that consumption datasets are inherently noisy, and “savings is the flip side of consumption.”
“A phone consultation, an illustration of lost future value, or an example of net take-home after taxes can effectively dissuade participants from accessing retirement funds prematurely,” according to a new paper from Cerulli Associates.
Hundreds of thousands of frequent flyer miles and dozens of client meetings across several continents will give a DC industry pro some interesting perspective on cross-border financial planning trends.
Many couples face the special challenge of planning for two retirement dates that may be years or even decades apart.
Inertia is a term usually reserved for retirement plan participant behavior, but plan sponsors can also drag their heels.
There are several factors to consider when deciding whether and how to implement automatic enrollment before making it a done deal.
Assistant professor at the University of Missouri suggests advisory clients’ decisionmaking is often impaired by cognitive decline—putting the impetus on advisers to watch for clients’ mental dips.
For some clients there are major potential benefits in converting pre-tax retirement plan accounts to a Roth account. For others it’s a pretty bad idea and can lead to large unexpected tax bills and other challenges.