More Than Half of Advisers Say Clients Ask Them About Social Security
Yet, only 13% of workers have discussed Social Security with an adviser.
News
Reflections on a Dramatic Year for Retirement Plan Regulation
From the unexpected derailment of the DOL fiduciary rule to the expanding debate about so-called ‘open MEPs,’ your plan sponsor clients face a tremendous amount of uncertainty in...
Investors in U.S. Equity Funds Earned 8.32% a Year Over the Past Decade
This compares to 8.93% for the average fund, making a shortfall of 0.61 percentage points, Morningstar says.
Myths and Realities About Spending in Retirement
Some people are running out of money in retirement, but many are refusing to spend and are living below their means. Are they doing so out of fear,...
Female Millennials Have 34% Less Saved Than Their Male Counterparts
The women are also far more risk-averse, PNC Investments learned in a survey.
SEC Charges Merrill Lynch for Failing to Supervise RMBS Traders
The brokerage firm will pay more than $15 million in settlement.
Divorce Takes a Financial Toll on People’s Retirement Outlook
The Center for Retirement Research finds that the net worth of non-divorced households is 30% higher than for divorced households.
DC Plan Loans Require Diligent Management
“Because the Department of Labor views plan loans as investments, they should be treated with the same level of care and scrutiny as any other investment,” says Rob...
Pacific Life Combines Tech and Business in Revamped Annuity Site
The redesign also includes expanded educational content surrounding annuities.
FPS Group Hires Executives to Support Investment Platform
Both professionals will assume vice president of business development roles.
Vanguard Removes S&P 500 Fund From Its 401(k)
According to the firm, the Total Stock Market Index Fund, which remains in the investment menu, is the best proxy for the U.S. market.
Customization Gives Sponsors More Control Over Investment Vehicles
It also enables them to negotiate lower fees, Vanguard says.
An Experiment in Crowd Funded 529 College Savings
A little more than a year ago, Franklin Templeton launched its “Spryng” college savings tool, making a bet that the capabilities of crowdfunding could translate well to the...
An Uncommon Argument Against Greater Savings
In a frank conversation with PLANADVISER, Andrew Biggs points to some common misconceptions about retirement income replacement among lower income groups.
DC Plan Sponsors Choose Long-Term Retirement Objectives Over Short-Term Risks
According to a T. Rowe Price study, 65% of defined contribution plan sponsors believe achieving the highest retirement income opportunity for participants is their greatest priority.
4th Circuit Agrees Bank of America Cash Balance Participants Are Not Due More Relief
The appellate court found Bank of America did not profit from transferring participants' 401(k) accounts to a cash balance plans and noted that previously the bank entered into...
Just Over Half of U.S. Households on Track for Retirement Success, EBRI Says
However, if retirement expenses are reduced to 80% of average expenses, 82.1% are on track to not run short.
Millennials Expect to Retire at Age 56
Fifty-three percent expect to become millionaires, TD Ameritrade found in a survey.
Partial Summary Judgement in Deutsche Bank Self-Dealing ERISA Suit
In a detailed ruling, the Deutsche Bank defendants’ motion for summary judgment is granted with respect to certain prohibited transaction claims, but denied with respect to other breach...