Results for "defined benefit plans"

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The implications of the DOL retirement study for plan advisers

March 17, 2016

The government announcement seemed innocuous and fairly bland. On Feb. 29, the Department of Labor published one of those arcane agency notices in the Federal Register. The DOL was seeking public comment on a proposed multiyear series of household...

Baby boomers, shift to 401(k)s will send megabucks to advisers by 2020

November 16, 2015

Advisers are poised to see a significant amount of new money coming their way by the end of the decade. By 2020, $1.5 trillion is expected to flow to defined contribution and retail investment markets as money continues to exit pension funds,...

12 predictions about what the Labor Department's fiduciary rule will look like when implemented

November 5, 2015

Opponents of the Department of Labor's controversial conflict of interest rule continue to turn up the political heat. On Oct. 27, the House passed legislation sponsored by Rep. Ann Wagner, R-Mo., that would prohibit the DOL from finalizing...

BlackRock launches retirement income calculator

November 2, 2015

BlackRock has launched a retirement income tool to help advisers have the sometimes difficult conversations with their clients about saving more for retirement. Using the firm's retirement income indexes — known as CoRI, which stands for "cost...

Advisers need to brush up on plan participants' risks when taking lump sum distributions

September 17, 2015

Veteran financial planners and wealth managers are accustomed to dispensing advice to clients on lump sum payouts. But they may want to brace for more activity in the coming year that includes a couple of interesting twists, both legal and regulatory....

Pension giants out of sync with alternative investments

September 3, 2015

When multi-billion-dollar pension funds start darting in and out of alternative-investment strategies, it should raise some questions about what really represents so-called smart money. Regarding the report this week that the board of the $191...

Puerto Rico's default could ripple through average Americans' portfolios

August 3, 2015

Puerto Rico has missed a debt payment, marking a major setback for the U.S. commonwealth. The next step is to look at how the fallout could be felt by average Americans. Half of U.S. open-end muni bond funds are exposed to Puerto Rican debt...

IRS shuts lump-sum window for retirees already receiving benefits

July 10, 2015

Defined benefit plan sponsors can no longer replace annuity payments with lump-sum distributions to retirees and their beneficiaries, the IRS said Thursday. With the amendments applying as of July 9, “it definitely has an immediate impact,”...

Krawcheck to advisers: 'Middle-aged white guys' must help women get raises

June 25, 2015

The disparity in pay between men and women is a key source of the retirement-savings gap, and an issue that financial advisers should help their clients overcome, former Merrill Lynch boss Sallie L. Krawcheck said Thursday. In a speech at the...

A retirement plan from the guy who teaches retirement income planning

June 20, 2015

Americans worry about affording retirement, but that doesn't usually translate into hard-core financial planning. Then there's David Littell, the 61-year-old director of the retirement income planning program at the American College of Financial...

BlackRock CEO Larry Fink challenges money managers, politicians on retirement issues

June 16, 2015

BlackRock Inc. chief executive Laurence D. Fink on Tuesday challenged his industry to do a better job of preparing investors for retirement, adding that presidential candidates should debate ways to address the inadequacy of savings during the...

Americans are saving more these days and that's not necessarily a good thing: Fink

June 3, 2015

Americans are saving more money these days. And that's not necessarily a good thing. BlackRock's Larry Fink sees low rates eroding growth. Things are looking up at Pimco. Outflows slow to a trickle. Have you gone away after selling in May? Dan...

Saving for retirement should be advisers' top priority: Wharton's Marston

May 19, 2015

Financial advisers need to encourage their clients to make retirement the most important savings goal, beyond college, recreation or any other goal. That's the bottom line message from Richard Marston, professor of finance at University of Pennsylvania's...

Morningstar is ready to move beyond the style box

April 27, 2015

After years of promoting the style box as a tool to help investors build more diversified portfolios, Morningstar Inc. is emphasizing a “total wealth approach” that could result in dramatically altered investment recommendations for clients....

Are employer savings on health care being reinvested in retirement plans?

April 13, 2015

If you have small-business clients who are moving to lower-cost health care coverage structures, perhaps now is a good time to talk to them about how to reinvest those savings. Namely, by putting it back into the 401(k). Recent data from the...

Focus Financial invests in $600 million wealth manager

April 6, 2015

Focus Financial Partners, the deep-pocketed investor in financial-advisory businesses, said Monday it has taken a stake in a 45-year-old firm managing $600 million in assets. Under Focus' umbrella, the Savannah, Ga.-based Fiduciary Group plans...

BlackRock's iShares avoids trip to the Supreme Court

March 3, 2015

The U.S. Supreme Court has declined to intervene in a lawsuit against BlackRock Inc. by investors who said the company keeps too much of what it makes from lending securities held by its iShares ETFs. The court's decision Monday, which came...

Who needs a cash balance plan? Not just New Jersey

February 25, 2015

A tussle over public pensions in New Jersey has put the trusty cash balance plan in the spotlight, as Gov. Chris Christie's pension panel pitches them as a way to manage the state's funding woes. The New Jersey Pension and Health Benefit Study...

Prudential and MassMutual in $2.5 billion pension risk transfer deal with Kimberly-Clark

February 24, 2015

Prudential Financial Inc. and MassMutual have inked a deal with Kimberly-Clark in which the hygiene products company will transfer to the insurers its $2.5 billion in pension liabilities. As part of the deal, Prudential will administer group...

Social Security rules for divorced public employees

February 19, 2015

Divorced couples who were married for at least 10 years can claim Social Security benefits on each other's earnings records as if they are still married. But questions may arise when one of the ex-spouses is a public sector employee. Last week,...

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