News

Many American workers find it appealing to have a guaranteed income in retirement—the younger the employee, the greater the attraction.

Mercer introduced “My Retirement Workshop,” an online retirement planning and education campaign for employees whose 401(k) plans it administers 

A workplace investor education program field tested in three states increased employee participation in workplace savings and investing programs, its creators claim.

 Target income replacement ratios should be higher than the 70% to 75% conventionally accepted as a rule of thumb, the Retirement Advisor Council contends.     

Recent fee disclosure guidance addresses some unanswered questions for 403(b) plans.

 Kevin Barry was named executive vice president of Fidelity Investments’ stock plan services business.    

 UBS Global Asset Management, a division of UBS AG, named Christine Schneider as executive director and consultant relations manager on its U.S. consultant relations team.   

 Amp, an interactive marketing tool, was introduced by Boulevard R for advisers to use with prospects and clients on an iPad.   

 David L. Wray, president of the Plan Sponsor Council of America (PSCA), will retire effective September 30.   

Fidelity Investments launched its first global equity income funds.  

Sustainable investing has become of more interest to investors and plan sponsors.

 Teri Hutchison joined Pensionmark Retirement Group at the firm’s new Santa Clarita office, added to the advisory network in April.  

 A majority of women act as chief financial officers of their households, making most of the financial decisions or sharing responsibility.   

 Investors put only $26.5 billion in net inflows into stock and bond mutual funds in the U.S. in April.     

The median return of BNY Mellon’s U.S. Master Trust Universe was 7.12% for the first quarter of 2012.