News

 Because multiple employer plans (MEPs) have been touted as a solution to expanding retirement plan coverage for Americans, the Government Accountability Office (GAO) explored this option. 

Fidelity Investment’s Broker and Advisor Sentiment Index measures 7.6 on a scale of zero to 10.

Nationwide Financial Services added the Nationwide Fixed Select Contract to its retirement plan offerings to help participants grow plan assets and meet retirement needs.

The number of Fortune 100 companies offering new salaried employees only a defined contribution (DC) plan rose in 2012, a Towers Watson survey found.

Brian Frazer and Colleen Peters have been hired as client services specialists at EPIC Advisors Inc.

RetireReady, a customizable, turnkey participant education program to help independent advisers deliver value to retirement plan sponsor clients, was introduced by Commonwealth Financial Network.

Keith Watts has been hired as managing director and head of national sales for the Pyxis Capital distribution team. 

 Employees are making some positive changes to their retirement planning, but poor money management skills and long-term economic challenges present major obstacles.   

According to BNY Mellon, the funded status of U.S. corporate pensions increased for the second straight month to 75%, the first two-month winning streak since February.

Despite efforts to improve defined contribution (DC) plan participation and savings, employers lack confidence in the retirement readiness of their employees.

Religious denomination may have an impact on investments, according to researchers.

 High-net-worth investors anticipate tax increases next year and are scouting a variety of opportunities for returns, according to a Fidelity survey.  

Dimensional Managed DC has been rolled out on a platform by ASPire Financial Services LLC and OBS Financial Services Inc.

The list of companies offering lump sum payments to help manage pension plan liability continues to grow, with Equifax as the latest addition.

Bob Carlson, Richard Shearer and Paul Villanova have joined the registered investments external wholesaling team at Symetra Life Insurance Co. in the Midwest and Southeast.