Advisers Giving Back: When People Need a Head Start
After learning about the work of Head Start, George P. Fraser decided to provide financial education to parents of students...
News
AT&T Faces Challenge to Early Retirement Benefit Calculations
Former participants in AT&T's pension plan say that because factors have not been updated to be in line with reasonable actuarial assumptions, they do not yield actuarially equivalent...
The Four Possible Paths for Senate SECURE Act Passage
There are several potential paths forward for the SECURE Act, which remains stalled in the U.S. Senate despite is bipartisan appeal.
Millennium Trust Launches Retirement Savings Selector Tool for Small Businesses
The tool helps small employers and advisers find the right retirement savings option to offer employees.
New York Financial Services Regulator Starts Investigation of Annuities in 403(b)s
It is looking into whether agents are engaging in deceptive and unfair sales practices, such as failing to appropriately disclose product costs and merits.
IRS Provides Guidance on 403(b) Plan Remedial Amendment Periods
Revenue Procedure 2019-39 sets forth a system of recurring remedial amendment periods for correcting form defects in 403(b) individually designed plans and 403(b) pre-approved plans occurring after the...
Retirement Industry People Moves
Woodbury Financial partner recruits advisers to Greensboro location; MassMutual selects workplace solutions leader; NAGDCA elects 2020 governing officers; and more.
Household Spending Decreases with Age
Housing is the biggest spending category for every age group, according to EBRI’s findings.
Co-Founder of XY Planning on Why His Firm Has Sued the SEC Over Reg BI
The rule blurs the line between advice and sales, potentially hurting both advisers and investors, he says.
Investment Product and Service Launches
OneAmerica expands its group annuity platform with ESG offerings, and Vanguard adds an international core stock fund, overseen by Wellington Management.
Retirement Income Coming Soon to a 401(k) Near You
Experts believe that in the next few years, DC plan sponsors will embrace this option.
Being More Methodical About Marketing
Advisers need to balance the many demands on their time that come from running and expanding a practice.
A Seamless Advisory Experience
The typical investor has five to six accounts, multiple products and custodians, and two or three advisers managing their assets.
Helping People Work Past Age 65
While 75% of employers consider their companies to be “aging friendly,” only 54% of workers think their companies have adopted such policies.
Dissecting the Custom Target-Date Fund Market
The 2019 PLANSPONSOR Target-Date Fund (TDF) Buyer’s Guide breaks down the custom TDF market by provider, series name, glide path landing point, number of funds per series, and...
2044: Achieving Retirement Security for the Average American Worker
It’s important that we pause for a moment—to look beyond next year’s political showdown and ahead to 2044.
How Home Equity Can Fuel Retirement Income
The illiquidity of home equity can make retirement income planning difficult for those with much of their wealth concentrated in...
Association Retirement Plans Expected to Expand Quickly
While falling short of the open multiple employer plan expansion industry advocates are calling for, the DOL’s expansion of “association retirement plans” could be a significant step toward...
Plan Sponsors Using PBGC Lump-Sum Assumptions May See Changes
The agency has issued proposed rules on Benefits Payable in Terminated Single-Employer Plans and Allocation of Assets in Single-Employer Plans, as well as the assumptions PBGC uses to...
PepsiCo Defeats Pension Anti-Cutback ERISA Challenge
While it rejects one of the defense’s arguments for why its pension plan operated within the bounds of ERISA, in the end, the court ruled plaintiffs’ fiduciary breach...