Credit Card Debt Preventing Many Gen Xers From Saving for Retirement
Fifty percent of Gen Xers surveyed say they cannot start saving for retirement until they pay off their credit card debt.
News
Data Shows Sidecar Savings Accounts Could Support DC Plan Success
One clear way to help prevent retirement plan leakage is to help families cope with financial shocks and income volatility in the short term; one way to do...
Active Managers Turn to Mixed Asset Class Products
Some are looking to build on proprietary investment models.
Despite Wanting Help, Many Employees Balk at Targeted Messages
Fifty-seven percent of employees surveyed do not want their employer to send personalized messages to people facing important financial decisions.
LPL Financial Offers Gainfully Social Media Platform to Advisers
The Gainfully platform is now available to LPL Financial advisers, aimed at supporting and boosting client engagement via compliance-friendly social media content curation.
MassMutual Offers RetireSMART Ready App
The app generates a personal projection of monthly income in dollars or, if preferred, shows the progress towards a stated financial wellness goal in retirement as a percentage...
Investors Have Mixed Opinions Following 2008 Financial Crisis
More than one in four now avoid the market and nearly half have altered their spending and savings habits.
Judge Grants Class Certification in Citigroup Proprietary Fund Suit
The judge addressed arguments related to commonality of 401(k) participants in the suit.
Retirees Still Have 80% of Savings After Nearly Two Decades
More than one-third of retirees continue to grow their assets, BlackRock found.
Lower Income Workers Have Harder Time Staying in the Workforce
However, they also do not live as long those with a higher socioeconomic status.
UPMC Wins in Top-Hat Anti-Cutback Lawsuit Appeal
Siding with the district court, the 3rd Circuit ruled simply that “plan participant bargaining power … is not a substantive element of a top-hat plan.”
Social Security Administration Revises Maximum Taxable Wage for 2018
This affects the taxable wage base for permitted disparity in defined contribution (DC) plan contributions.
Ascensus Gives TPAs Online Resources They Want
There were several areas of interest that TPAs prefer to find quickly, all of which have been enhanced within an updated dashboard navigation toolbar for ease of access.
DOL Allows 18-Month Extension for Fiduciary Rule’s Full Implementation
After asking OMB to review the delay, DOL decides to go ahead with it.
Bill Would Create Pension Rehabilitation Trust Fund
It would be used to make loans to multiemployer DB plans.
ETF Assets Reach $4.4 Trillion
This is a cumulative average growth rate of 21% since 2005, when ETF assets were a mere $417 billion.
Retirement Industry People Moves
Nikki Newton is appointed president of Ivy Distributors Inc.; John Hancock Retirement Plan Services forms a new leadership team charged with enhancing the delivery of large customized retirement...
401(k) Excessive Fee, Self-Dealing Suit Filed Against Wells Fargo
The suit questions the use of actively managed versus passively managed funds. It also suggests that collective trusts and separate accounts are better vehicles than mutual funds for...
2017 a Light Year for Required Plan Amendments
Experts remind retirement plan sponsors of deadlines for 2017 year-end, and also offer some tips.
More Regulation Might Not Be Needed To Boost Use of DC Plan Lifetime Income
Experts suggest an additional annuity safe harbor regulation is unlikely and perhaps even unneeded for promoting greater use of in-plan lifetime income solutions, given that sponsors’ hesitation is...