Inappropriate Investments, Excessive Fees, Self-Dealing Most Common Reasons for ERISA Lawsuits
The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds—and could prevent them from offering lifetime income products.
Tag: Guaranteed income
IRI Issues Retirement Security Blueprint
The detailed report is aimed at expanding opportunities to save and increasing access to lifetime income products, among other efforts.
Nearly Half—48%—of Investors Own an Annuity
And nearly two-thirds, 63%, of advisers recommend annuities to clients who need income.
How to Tear Down Barriers to In-Plan Annuities
Certain policy changes and the right support for plan sponsors could make it easier for plans and participants to embrace lifetime income
solutions.
Individualism Defines Millennials’ Financial Future
With one-quarter of a century until the first of them turn 65, Millennials very much view themselves as "on their own" with regard to retirement income, according to an IRI report.
Annuity Contract Termination ERISA Challenge Will Proceed
The plaintiff alleges that the contract’s cancellation was not made with his and the other beneficiaries’ interests in mind, but rather to improve the parent/subsidiary companies’ financial positions and to make them a more attractive target for potential buyers.
Many Participants in the Dark About Retirement Readiness
Plan sponsors can provide participants with a variety of tools to
help them determine whether they are on the right track to retire on
time.
John Hancock Launches New Indexed Universal Life Solution
The new product series offers a range of indexed
account options including one providing access to international markets.
Guaranteed Income—Theoretically—a Popular Choice
Nonetheless, few people know where to find it, and many say their adviser doesn't bring it up.
Role of Immediate Annuities for Retirees Varies
An EBRI analysis examines reasons why demand for immediate annuities
among retirees and near-retirees remains low.
Investment Products and Service Launches
Janus Capital Releases Fiduciary Focused Share Classes; TIAA adds Guaranteed Income Components to TDFs; Virtus Launches Municipal Bond ETF; and more.
PANC 2016: Top Trends
Two leading executives discussed the new fiduciary rule, retirement readiness, income and more.
Relatively Few Americans Enter Retirement Debt Free
Among middle-income Boomers, that surges to 77%.
PSNC 2016: Understanding Stable Value
The use of stable value funds within defined contribution
plans has evolved substantially in recent years and decades, with more changes
right around the corner.
Nuanced Advice Should Fill in the 401(k) Decumulation Weakness
Until 401(k) plan sponsors are more comfortable offering in-plan retirement income products, the industry must find solutions to deliver nuanced advice around retirement income to low-balance investors, Cerulli says.
Latest DOL Fiduciary Rule Lawsuit Spotlights Insurance Industry Concerns
Two national insurance advocacy groups have “reluctantly” joined
the growing list of plaintiffs asking the federal courts to declare the DOL’s
new fiduciary rule arbitrary and capricious.
IRIC Q&A Debunks ‘Portability Myths’
The Institutional Retirement Income Council suggests that
today’s structured retirement income products are far more portable and accessible
than is commonly understood by plan sponsors.
Only 20% Plan to Convert Savings to Guaranteed Income
Ongoing withdrawals from savings could jeopardize people’s future, LIMRA says.
The Stable Value Conundrum
Why do so few DC plans offer stable value funds on the
investment menu?
Suit Says Fidelity Mismanaged Stable Value Fund
Fidelity was trustee to the 401(k) plans in question, but the lawsuit says it failed to monitor its affiliate in the day-to-day management of the funds.