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Half or More of Social Security Could Go to Retiree Health Care Costs
HealthView Services' Retirement Healthcare Cost Index shows a healthy 66-year-old couple retiring today will need 48% of their lifetime Social Security benefits to address total lifetime health care...
SS&C Technologies Sued Over Profit Sharing Plan Investment in Valeant Pharmaceuticals
SS&C Technologies acquired DST Systems, so the new lawsuit is similar to a previous one against DST for failing to diversify assets in its profit sharing plan.
Stradley Ronon Reviews SEC Regulation Best Interest
Regulation Best Interest lays out the core loyalty and disclosure duties of advisers and broker/dealers—and how these can be satisfied.
Investment Product and Service Launches
Northern Trust Launches Outsourced Trading Capability; State Street and Charles River Development Acquisition Improves Investment Platform; Mercer and Morningstar Launch Digital Analytics Platform; and more.
Nearly 40% of Young Adults Think Retirement Savings Can Wait
Only 31% of those between the ages of 22 and 35 are saving for retirement.
Neuberger Berman Dismissed as Defendant in 401(k) Self-Dealing Suit
Once a federal judge dismissed the breach of fiduciary duty claims, she found most defendants were not fiduciaries with respect to the remaining claim.
Arnerich Massena: Impact Investing Is Not Philanthropy
A new white paper argues that investors can use their hard-earned dollars to make a positive impact on the world while also enhancing the performance characteristics of their...
Millennials Struggling to Establish Themselves Financially
Gen Xers are in a much better financial place, with many having paid down their student loans. This is enabling them to focus on retirement savings.
Long-Term Care Planning Neglected by Many Older Americans
When individuals plan ahead for long-term care, they can better secure their own future while reducing financial burdens on their friends and family.
Setting Realistic Expectations about Work in Retirement
Twenty-one percent of workers expect that working in retirement will provide them with a major source of income, but this is only true for 9% of retirees.
International Paper and Prudential Transfer $1.6 Pension Obligation
As part of the PRT agreement, Prudential will assume the responsibility for paying pension benefits to about 23,000 International Paper retirees.
Washington University Defeats 403(b) Lawsuit
According to the court, the consolidated complaint “pleads no facts sufficient to raise a plausible inference that defendants took any of the actions alleged for the purpose of...
Americans Would Like to Automate Day-to-Day Finances
When it comes to trusting a financial services firm, consumers first want it to secure their personal information; secondly, they expect it to deliver high-quality customer service.
PANC 2018: The Value of an Adviser—Plan Sponsors Tell All
Sponsors expect their advisers to be proactive and to push their plans to the next level.
PANC 2018: Understanding the Participant Mind
Obtaining data on participants from retirement readiness tools, recordkeepers and aggregation tools is important in order to tailor effective communications.
IRS Revenue Procedure Takes VCP Program Digital
In announcing a new digital process for self-disclosures and corrections of plan errors, the IRS also says it is currently developing guidance on “other issues relating to the...
PANC 2018: Now What?
How retirement plan advisers need to function as business owners in order to grow their practices.
PANC 2018: Transformation in the Small Business Market
Significant transformation is happening in the small business retirement plan market; what does this mean for the fiduciary adviser community?
PANC 2018: Future Faces of Advising
In order to remain relevant, speakers said, the retirement plan industry must become more diverse.
Detailed Plan and Participant Analytics Can Improve Retirement Readiness
Willis Towers Watson believes that sponsors must analyze the retirement adequacy and meaningful benchmarks for individuals or segments of the population.