One of this week’s top-read stories led PLANADVISER to chat with ERISA attorney David Levine for a deeper dive into auto-IRAs and state-run plans for the private sector. See below for our story about the DOL’s guidance for states; a look at how different demographics prioritize spending and saving; more on the role of health savings accounts; and still more industry reaction (both positive and negative) to the DOL fiduciary proposal.
States offering retirement planning solutions to private-sector workers got their first look at a few highly anticipated (and increasingly controversial) pieces of regulatory guidance this week.
Read more >
High-deductible health plans coupled with a health savings account mean a change in the way employees pay for health care—as well as landmines for employee disappointment. The answer? Honest, open communication, and make sure it is ongoing.
Read more >
For Generation X, the second-biggest obstacle to saving for retirement is saving for their children’s own education. What’s the biggest one? And how are Baby Boomers saving and spending?
Read more >
The Financial Planning Coalition asked members of the House of Representatives and the Senate to eject legislative proposals designed to stall the Department of Labor’s fiduciary rulemaking. A paper from the Council for Capital Formation expresses an exactly opposite viewpoint.
Read more >
The U.S. faces a $4 trillion retirement savings gap heading in the new year, but both public and private solutions are coming online to help more people prepare adequately for life after work.
A survey also found nearly half of employees prefer to have a mix of investments and lifetime income over either traditional pensions or investments alone.
Wealthspire’s leadership calls the acquisition “a significant opportunity to plant a flag on the West Coast and demonstrate our growing national scope.”
The lawsuit claims the veterinary hospital network’s retirement plan, which has more than $500 million in assets, should have paid lower fees for recordkeeping and administrative services.
Portfolio Evaluations adds senior fiduciary consultant; Voya Investment Management to acquire Tygh Capital Management; and Alan Biller and Associates makes key promotions.
