News

As concern over benefits costs rises, companies also worry about their employees’ ability to save adequately within defined contribution (DC) plans, a Prudential survey found.

A Government Accountability Office (GAO) review of retirement plan documents showed some sponsors face challenges in understanding the fees they and their participants are charged.

More than half of Baby Boomers and Generation Xers are projected to have adequate retirement income to cover basic expenses and uninsured health care costs.

 The Retirement Services Division promoted Kevin Reilly to relationship manager and hired Thomas Nawrocki as senior relationship manager.   

Knowledge about retiree health care expenses is minimal, but concern about it is growing.

A significant number of employers that still offer defined benefit (DB) pension plans say they remain committed to providing those benefits to new salaried employees.

Those who are best prepared for retirement are most likely to work with a financial adviser, according to the Putnam Lifetime Income Score.   

What’s the most expensive city for U.S. business travel? Washington? New York? San Francisco?

When reading Field Assistance Bulletin 2012-02, relating to participant fee disclosures, some industry experts are particularly surprised by the Department of Labor’s (DOL) response to Question 30.

Small businesses are increasingly concerned about the inadequacy of retirement savings for many Americans and possible government responses, according to a provider of payroll services.

Nationwide Financial unveiled a 408(b)(2) Solutions Kit to help clients adapt to the Department of Labor (DOL) fee disclosure regulations, which take effect July 1.

Morningstar launched Annuity Intelligence, which evaluates variable annuities and gives data on more than 100,000 annuity subaccounts and 1,950 annuity contracts.

SunGuard launched a mobile browser option for its Relius Administration Web suite of products.

Arrow Investment Advisors launched institutional share classes for the firm’s five tactical and alternative investment mutual funds. 

Sponsors of 403(b) retirement plans continue adapting to regulations from the Department of Labor (DOL) and continue making improvements.

iJoin Solutions hired Betty Jean Jones as director of new business development.

About two-third of advisers avoid discussions about life insurance with their clients because the topic makes them uncomfortable, a survey by Saybrus Partners found.  

A former JPMorgan Chase & Co. employee is suing the firm on behalf of retirement plan participants who lost money after the bank reported a $2 billion trading...

Institutional investors are increasingly turning to exchange-traded funds (ETFs) for a variety of fund management practices.

Financial advisers are increasingly turning to closed-end funds, especially for retirement income, a study by Aberdeen Asset Management found.