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Investment Products and Services Launches
Vanguard Increases Fixed Income Fund Roster of ETFs; BNP Expands Partnership with Janus Henderson to Include U.S. Services; First Trust Announces ETF Launches; and more.
Higher-Earners Benefit More From 401(k)s
Seventy percent of those with less than $45,000 in household income say they cannot afford to save for retirement.
Balancing Emotions With Concrete Actions Helps Achieve Retirement Goals
Most successful savers are taking the concrete steps they need to make retirement goals achievable, a PNC survey finds.
Wilshire Data Highlights Impressive Market Growth for Q3
Pension funds have benefitted strongly in the last quarter—and the last several years—from strong stock market performance.
District Court Grants Thrivent Injunction in Fiduciary Lawsuit Targeting DOL
A decision out of a federal district court in Minnesota represents something of a mixed bag for both the plaintiff, Thrivent Financial for Lutherans, and for Department of...
Results From Use of Auto Portability Product Released
Spencer Williams, from Retirement Clearinghouse, says the findings show the potential to preserve trillions of future retirement savings dollars for retirement plan participants through the widespread adoption of...
Mercer Offers Retirement System Policy Proposals
In a point-of-view white paper, Mercer offers several specific policy recommendations to address what should be done to enable more Americans to retire with confidence.
Inside Insight on Fiduciary Reform at Merrill Lynch and Beyond
Two executives focused on institutional retirement business at Merrill Lynch sit down for a fiduciary chat, offering inside views of one major advisory firm’s approach to navigating regulatory...
While Confident About Investing, Millennials Open to Advice
Sixty-four percent of Millennials say they are confident about making investment decisions—but this soars to 85% when working with an adviser.
Younger and Older Investors Have Different Savings Goals
Research also found the youngest and oldest investors were most perceptive to using employer-sponsored retirement planning resources.
Executive Benefits Take a Hit in Tax Reform Proposal
The proposal effectively eliminates nonqualified deferred compensation (NQDC) plans as tools for tax planning available to executives and public companies, attorneys with Groom Law Group say.
Measuring Retirement Income Adequacy Not An Exact Science
Researchers have developed diverse approaches for quantifying the adequacy of retirement income, focusing on different groups of retirees and employing different definitions of income and adequacy, a CBO...
Court Rules ERISA Statute of Limitations Can Be Waived
Defendants wanted their agreement to extend negotiations beyond ERISA's six-year statute of limitations to be nulled.
J.P. Morgan Agrees to Pay $75 Million to Settle ERISA Lawsuit
The consolidated litigation alleges the firm invested its stable value funds in risky assets, causing losses to retirement plan participants.
Each Generation Has Biased Investing Views
New research from BMO Wealth Management underscores the role psychological biases can play in shaping people's approaches to financial planning throughout their lives.
IRS Spells Out Plan Sponsor Requirements for Locating Missing Participants for RMDs
The agency has told examiners not to challenge plan sponsors who have taken these steps.
Millennium Trust, Paychex Partner to Offer SIMPLE IRA
The product is designed for employers with 100 or fewer employees.
General Electric Faces Second 401(k) Plan Self-Dealing Lawsuit
The lawsuit concerns the offering of investment options management by General Electric Asset Management.
Excessive Fee Suit Against Northrop Grumman Gets Class Certification
The original complaint accuses the plan and its administrative and investment committees of self-dealing, causing excessive fees to be charged by service providers and mismanaging the plan’s emerging...
SEC and DOL Face Hurdles in Fiduciary Collaboration
When it comes to the possibility of a uniform advice standard for advisers and brokers coming from the SEC, one attorney argues “things are still very much in...