The Dodd-Frank Act, target-date funds, and the evolving role of a fiduciary were some of the topics Frederick Reish and Robert Kaplan touched on at the ASPPA 401(k) Summit this week.
Tag: Lifecycle Funds
While men and women participants are turning to asset allocation funds in similar amounts, women are showing a discernable preference for target-date offerings.
In a letter to the Securities and Exchange Commission (SEC), the National Association of Independent Retirement Plan Advisors (NAIRPA) calls for “focused disclosure” of target-date funds and said that a summary disclosure may not be enough.
Standard Retirement Services has announced the launch of enhanced retirement plan solutions.
AllianceBernstein has launched its Multimanager Retirement Strategies (MRS) target-date solution.
The Securities and Exchange Commission (SEC) unanimously approved proposed rule amendments to enhance the information provided to target-date fund investors.
Vanguard is expanding its 11-fund target-date series with a new fund for investors who plan to retire and leave the work force in or within a few years of 2055.
New research indicates employers could do more to help defaulted participants adequately save for retirement.
CUNA Mutual Group has teamed up with Madison Asset Management to reengineer its Ultra Series Target Retirement Date Funds to support an outcome-based retirement planning model.
In a new study, “Rethinking Lifecycle Funds,” Financial Research Corporation (FRC) says that although target-date funds are being marketed as a total retirement solution, the reality is that investors are using them as a small part of their overall retirement plan.
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the U.S. Securities and Exchange Commission (SEC) have published what was termed “guidance to help investors and plan participants better understand the operations and risks of target date fund investments.”
In its latest research, Russell Investments concluded that once a target-date fund reaches an individual's planned retirement date, it should have conservative allocations and a flat glide path to minimize risk and improve the potential for attaining financial security.
Target-date funds call for 20/20 vision
The U.S. Department of Labor (DoL) has announced plans to change a 2007 mandate requiring that employers give participants more target-date fund information.
Defined contribution (DC) consultants said they are providing custom asset-allocation services, such as target-date strategies, to an increasing number of clients, according to a PIMCO survey.
A report from Hewitt Associates suggests workers were able to recover a significant portion of the losses they sustained in 2008 simply by participating in their 401(k) plan; however, it wasn’t enough to propel most plan balances back to their pre-recession levels.
After six consecutive quarters of negative returns, the average target-maturity fund has now been positive for four straight quarters, according to Morningstar.
A new Vanguard study reports a significant increase in the use of target-date funds in retirement plans.
MassMutual's Retirement Services Division has added to its MassMutual Smart Architecture Investment Program with the addition of four new target-date funds.
Participants were more likely to gain access to advice last year – but the pace of expansion was slow.