| Attorneys Move to Send Schwab Self-Dealing Suit to Arbitration |
| “The court should compel individual arbitration of [the plaintiff’s] claims and, on that basis, dismiss the lawsuit, or stay the litigation pending the outcome of individual arbitration,” the attorneys conclude.
Read more > |
|
| Boomers Abandoning TDFs at or Near Retirement |
| In aggregate, across target-date fund providers and funds, all vintage years between 2060 and 2020 experienced an increase in total AUM during 2016; however vintage year funds that had passed their target years experienced a decrease in total AUM, according to the March 2017 Target-Date Trends report from Mercer.
Read more > |
|
| Prudential Quantifies the Cost of Workers Unable to Retire |
| For each individual who cannot retire, the cost averages an extra $50,000 a year, representing the difference between the salary of an older worker and hiring a younger person, according to Prudential. The annual cost across a workforce is an additional 1.0% to 1.5% a year.
Read more > |
|
| Language Matters Even More When It Comes to Annuities |
| An executive with MetLife urges plan sponsors and advisers to avoid talking about annuities “as if they were an investment option … they aren’t really an investment.”
Read more > |
|
