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Millennials Increasingly Saving for Retirement in Mutual Funds
Among mutual fund–owning households, more households headed by Millennials than Baby Boomer households held their funds only through employer-sponsored retirement plans, the Investment Company Institute found.
Presentation Matters With Millennial Investors
A new study finds that just 11% of Millennial retirement plan participants feel comfortable managing their investments themselves—yet many in the generation hesitate to pursue advice.
Second Wells Fargo Stock Drop Complaint Filed
Another participant in a Wells Fargo retirement plan is accusing the bank of breaching its fiduciary duty in the management of company stock offered as a retirement plan...
Verizon Pension Buyout Lawsuit Dismissed for Second Time
The case had been remanded back to the appellate court after the Supreme Court's decision in Spokeo, Inc.v. Robins.
Retirement Industry People Moves
Risk Strategies Acquires TSG Financial; Sentinel Names New CEO; and more.
For Advisers, Psychology Matters As Much as Economics
Investment decisions can be greatly influenced by childhood experiences, especially those associated with a perceived sense of loss.
Participants Move Quickly With Wells Fargo Stock Drop Suit
The bank’s recent troubles over illegal sales practices have led retirement plan participants to file an ERISA stock drop suit, claiming plan fiduciaries continued to offer Wells stock...
Title of ‘Investment Adviser’ Hardly Represents the Job
Digging into investment prospectuses and market data is only a part of what financial advisers do for retirement plan clients; perhaps it’s time to rethink what they call...
Sponsored by Pacific Life
A Pension Plan Strategy
Bringing an investment strategy to plan sponsors to help manage liabilities
Sponsored by Invesco
Exclusive Investments
Understanding the value to retirement plans of investing in CITs
Retirement Industry People Moves
Bank of America Announces New Head of Merrill Lynch Wealth Management; The Standard Hires VP for Retirement Business; Janus Capital Group Merges with Henderson Group; and more.
Investment Products and Service Launches
Hartford Funds Launches U.S. Real Estate ETF; BlackRock Reducing iShares ETF Costs; Zephyrus Partners Adopts RiskFirst PFaroe System; and more.
Investors Want Financial Planning to Include Health Care Costs
They also believe their financial future is largely dependent on their physical well-being.
Women Face Unique Retirement Readiness Challenges
Women are more likely to have earnings gaps in their careers, live longer than men, and face higher lifetime health care costs, making saving for retirement particularly challenging.
Research Suggests Retirement Readiness Is Improving
U.S. respondents to a survey reported higher levels of retirement confidence than previously, and scored well on financial wellness.
Lower DB Funding Not Solely Driven by Lower Interest Rates
An analysis suggests discount rates are likely not the driving force behind different funding levels, despite the general belief lower discount rates produce greater liabilities.
Materials Available for Use During National Retirement Security Week
Materials from NAGDCA include a retirement savings journey map and field notes, as well as Social Media designs and information about measuring engagement.
LIMRA LOMA SRI Reveals Client-Facing Fiduciary Training
The Department of Labor fiduciary rule will fundamentally change the way companies and financial professionals interact with their clients.
Lawsuit Challenges BIC Exemption’s Creation of Class Action Remedy
Thrivent alleges the DOL has exceeded its authority by requiring that the BIC Exemption include a contractual agreement that customers could pursue a breach of contract action and...
Brand Trust Dominates IRA Rollover Decision
Fees are often thought of as the prevailing factor in most retirement investment decisions, but new research suggests the destination of an IRA rollover is determined by more...