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Towers Watson Pension Index Falls in January
The Towers Watson Pension Index dropped 5.1% in January.
DC Plans Important to Retirement Security
Defined contribution (DC) plans are a critical part of the U.S. retirement system, says a research report.
Investor360 Platform Gets an Upgrade
Commonwealth Financial Network, an independent broker/dealer and registered investment adviser (RIA) network, released Investor360 version 4.0., which features various enhancements and greater customization for advisers.
January Brings Corporate Pension Tumble
Large corporate pension plans lost asset values and gained liabilities during January, resulting in a decrease in overall funded status.
Will Advisers Add Long-Term Care to Offerings?
As the U.S. population ages and long-term care becomes a greater concern in retirement, long-term care insurance may become more widespread.
Lump Sum Offerings Lead De-Risking Efforts
Corporate employers have largely favored lump sum offerings as a means to settle pension liabilities, but changing market conditions could buck the trend this year.
Taking Auto Plan Features a Step Further
Automatic retirement plan features are gaining traction as a best practice way to help participants achieve retirement readiness, but one provider is taking them a step further.
Schwab Introduces All-ETF 401(k) Platform
Schwab Retirement Plan Services, Inc. has launched a full-service 401(k) program based on low-cost exchange-traded funds (ETFs).
New Year Brings Pension Setback
Funding levels of pension plans sponsored by S&P 1500 companies fell 6% in January, according to data from Mercer.
Corporate Pensions Fall in January
The funded status of U.S. corporate pension plans fell 4.2% during January to reach 91%, according to the BNY Mellon Investment Strategy & Solutions Group (ISSG).
Senator Harkin Proposes ‘USA’ Retirement
Proposed legislation from Senator Tom Harkin (D-Iowa) would expand access to privately run, portable retirement plans for all workers.
Industry Divides Over Obama Proposals
President Obama raised both hopes and eyebrows when he introduced new proposals for combating America’s retirement crisis during his fifth State of the Union address.
Participants Seek Income Guarantees
Plan participants are seeking a financially secure retirement, with more than one-third (34%) seeing the generation of guaranteed monthly income as the main goal of their retirement plan.
DOL Challenges Decision on Excessive Fees
Secretary of Labor, Thomas E. Perez, has filed a federal court brief disputing a district court’s dismissal of John Hancock’s liability in an excessive fee case.
Come On, Advisers, Look at Your Own Future
Very few advisers have a succession plan, and it’s possible that regulation is needed to protect their clients and investors, a report says.
Milliman Enhances Retirement Apps
Milliman Inc., a provider of actuarial and consulting products and services, has enhanced its retirement-related mobile applications.
Wagner Law Group Expands, Adds Staff
The Wagner Law Group announced the additions of William Scogland to its new Chicago office and Ellen Stone to its existing Boston office.
Understanding 3(16) Administrative Services
Ten years ago most advisers had never heard of a 3(38) investment manager, but today “3(38)” and “3(21)” roll off the tongue—we do love our numerical buzzwords in...
Forward Expands Investment, Sales Teams
Three new hires have joined Forward Management LLC, including Eric Sagmeister as portfolio manager, John Palmer as senior analyst, and Robert Rosner as regional sales director.
Firms Found Liable for Multiemployer Plan
A federal appellate court found two firms are successors for purposes of multiemployer plan liability for a closed business.