Search results for: SCO
New Interpretation of Plan Provisions Violates ERISA
A federal appellate court found a plan administrator cannot change the calculation of early retirement benefits for participants who terminated under an old version of the plan document.
Growth in CIT Use Driven By Familiar Market Factors
Despite a 75-year track record as an investment vehicle, some plan sponsors lack awareness of collective investment trusts and their reputation for low fees.
Voya Identifies ‘Role Models’ for Retirement Readiness
By looking at the groups who scored highest in all categories in its Retire Ready Index, Voya offers an opportunity to better understand the traits, behaviors and practices...
Workers Need to Turn Retirement Saving Knowledge into Action
Americans do appear to have a fair understanding of certain personal finance concepts, and both workers and retirees agreed that they place a high degree of importance on...
NYC Comptroller Proposes State Fiduciary Standard
New York City Comptroller Scott Stringer has proposed a state law requiring financial advisers to disclose whether they put their own financial interests ahead of their clients’ needs.
Court Dismisses Fidelity Float Income Suit
A federal district court has ruled float income is not a retirement plan asset belonging to participants.
A Work-Life Balance Schism
Who is achieving work-life balance? The answer depends on whether you ask HR professionals or actual employees.
Examining Risk Management in TDFs
A new research paper from J.P. Morgan Asset Management seeks to educate plan sponsors and advisers about the dynamic interplay of risks involved in target-date fund (TDF) investing.
Oral Misrepresentation Enough to State a Claim Under ERISA
A pension plan participant who claims he didn’t receive promised credit for service can proceed with his lawsuit.
Chetney Sells GRP to Adviser Group
Seven retirement plan advisory firms are acquiring Global Retirement Partners (GRP).
MassMutual Expands Support for Advisers and Sponsors
MassMutual added eight new sales professionals within its retirement plans business.
Empower Finds Four Drivers to Lifetime Income Success
Americans are on track to replace 58% of current income in retirement, and four factors can help increase that number dramatically, according to Empower’s 2015 Lifetime Income Score...
SSgA Survey Finds Financial Stress Levels Creep Higher
There’s no escaping financial stress, according to a survey by State Street Global Advisors (SSGA), which finds 60% of employees are significantly burdened by financial woes.
ERISApedia.com Publishes Fiduciary Responsibility eSource
ERISApedia.com has begun publishing the Fiduciary Responsibility eSource, a publication which provides guidance for 401(k) and 403(b) plan advisers and sponsors.
Prudential Offers Measure of Employee Financial Wellness
Prudential Group Insurance, a business of Prudential Financial introduced a tool that allows employers to measure the financial wellness of their workers.
GOP Tells OMB to Proceed with Care on Fiduciary Rule
In a letter to the Office of Management and Budget, GOP senators predict dire consequences for American workers if the "fiduciary rule" has not changed significantly from the...
Retirement Income Gap Projected at $7.7T
According to the Pension Rights Center, the nation faces an almost $8 trillion shortfall in retirement income.
Adult Kids May Be Elbowing Parents’ Retirement
Baby Boomers who have cut the apron strings for their adult kids are twice as likely to be retired than ones who haven’t, a survey finds.
Supreme Court Could Consider RJR Stock Drop Case
The U.S. Supreme Court may take up important fiduciary liability questions related to a “reverse stock-drop” case leveled against a major tobacco producer.
Sibson Offers DC Plan Scorecard
Sibson Consulting has created a DC Plan Scorecard that provides a framework for reviewing all aspects of defined contribution (DC) plans.