Joint Committee Hears Testimony on Solvency of Multiemployer Pension Plans
Senator Sherrod Brown calls it imperative "to find a bipartisan solution to the crisis threatening 1.3 million Americans."
News
Selecting the Optimal QDIA
How Hearst Corp. followed a prudent process to choose its qualified default investment alternative.
24 Financial Service Companies Form Alliance for Lifetime Income
The objective is to educate Americans about the importance of protected lifetime income solutions.
More Than Half of Workers Worry About Their Financial Future
To help allay their fears, MetLife has issued the first of four white papers on financial wellness.
More Sponsors Search Out Fiduciary Services and Support
When thinking about fiduciary support services and outsourcing, really the important considerations should be about process and time management, more than fiduciary risk transfer.
Wells Fargo’s Joe Ready Surveys Shifting Retirement Landscape
There is more emphasis than ever before in the DC plan space on identifying the best way to offer a benefit that is not just a to-retirement program,...
Investment Product and Service Launches
Franklin Templeton Creates Additional Active Funds; Hartford Funds Presents ETF Focused on Fixed Income; First Trust Introduces Actively Managed ETF; and more.
More Than Half of Advisers Say Clients Ask Them About Social Security
Yet, only 13% of workers have discussed Social Security with an adviser.
Reflections on a Dramatic Year for Retirement Plan Regulation
From the unexpected derailment of the DOL fiduciary rule to the expanding debate about so-called ‘open MEPs,’ your plan sponsor clients face a tremendous amount of uncertainty in...
Investors in U.S. Equity Funds Earned 8.32% a Year Over the Past Decade
This compares to 8.93% for the average fund, making a shortfall of 0.61 percentage points, Morningstar says.
Myths and Realities About Spending in Retirement
Some people are running out of money in retirement, but many are refusing to spend and are living below their means. Are they doing so out of fear,...
Female Millennials Have 34% Less Saved Than Their Male Counterparts
The women are also far more risk-averse, PNC Investments learned in a survey.
SEC Charges Merrill Lynch for Failing to Supervise RMBS Traders
The brokerage firm will pay more than $15 million in settlement.
Divorce Takes a Financial Toll on People’s Retirement Outlook
The Center for Retirement Research finds that the net worth of non-divorced households is 30% higher than for divorced households.
DC Plan Loans Require Diligent Management
“Because the Department of Labor views plan loans as investments, they should be treated with the same level of care and scrutiny as any other investment,” says Rob...
Pacific Life Combines Tech and Business in Revamped Annuity Site
The redesign also includes expanded educational content surrounding annuities.
FPS Group Hires Executives to Support Investment Platform
Both professionals will assume vice president of business development roles.
Vanguard Removes S&P 500 Fund From Its 401(k)
According to the firm, the Total Stock Market Index Fund, which remains in the investment menu, is the best proxy for the U.S. market.
Customization Gives Sponsors More Control Over Investment Vehicles
It also enables them to negotiate lower fees, Vanguard says.