Redefining Defined Contribution Plans
Willis Towers Watson suggests 10 updated terms associated with DC plans, with the goal of elevating the quality of all retirement planning conversations.
News
With Change to Pension System, Military Members Need Financial Advice
The Department of Defense is initiating the Blended Retirement System on January 1, 2018.
DOL Rule Provides Tailwind for Adoption of Outsourced Fiduciary Services
For the $5 million to $500 million DC plan market, advisers and consultants offering 3(38) discretionary investment advice are more common.
Individuals Expect to Take Increased Role in Retirement Savings
More than half (52%) of Americans surveyed think individuals will play a larger role in health insurance and retirement savings, a survey finds.
Investment Products and Services Launches
State Street Launches Tool to Deliver Transparency in ESG Investing; TCA Adds an Extra 18 ETFs to Advising Platform; Vanguard Releases Latest Fund to Complement Existing Index and...
Few Americans Preparing for Long-Term Health Care Savings
Only 41% of consumers surveyed understand what long-term health care expenses will be in retirement, and only one-third are confident they are saving at an appropriate rate to...
Government Plan Sponsors Seek Employee Communication from Providers
A Lincoln Financial Group study found government employers want to see better technology, advanced plan designs and personalized service from providers.
CenturyLink Sued by Plan Participants Over Large Cap Stock Fund Construction
Plan fiduciaries are accused of breaching their duties in the design, management, operation and administration of an active large cap U.S. stock fund offered as a core menu...
Single Women Not Safeguarding Their Futures
Eighty percent of single women keep a portion of their savings in cash, with 35% keeping 50% or more in liquid savings.
Boomers Find Retirement More Fulfilling Than They Envisioned
60% say life in retirement exceeds their expectations.
Court Finds Sponsor Cannot Fully Delegate ERISA Fiduciary Responsibilities
A federal district court denied a DB plan sponsor's attempt to pass liability for improper plan termination to its plan provider.
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
It appears some last-minute amendments have largely removed controversial provisions from the Senate’s version of tax reform legislation that would have had a big impact on governmental 457...
Tracing the Evolution of Financial Firms’ Home Page Design
Initially more of an advertising vehicle, a company web page today may be a graphically vivid entrée to valuable information.
Sponsors’ Fiduciary Awareness Deteriorating
Nearly half of sponsors do not think they are fiduciaries, up markedly from 30% in 2011.
Assessing U.S. Retirement Allocations in a Global Context
A panel of MFS investment strategists and economists look back over 2017—and ahead to the global growth challenges and opportunities for the coming year.
Spouses Play Increasingly Influential Role Alongside Advisers
Advisers focused on client retention take heed—spouses are increasingly influencing retirement income planning decisions, says Hearts & Wallets research.
Plaintiffs Ask Court Not to Approve J.P. Morgan Stable Value Suit Settlement
Four of twelve class representatives say the $75 million J.P. Morgan agreed to pay is not enough.
ETF Expense Ratios Drive Investor Interest in 2017
Exchange-traded funds have benefited once again in 2017 from an increase in investor focus on costs.
Senate Tax Reform Success Sets Up High Stakes Conference Committee Process
With the passage of the Senate’s version of tax reform, the stage is set for a bicameral conference committee process through which a select group of legislators will...