Results for "defined benefit plans"

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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...

Tick, tick, tick: Fannie Mae employees must decide by June 4 on retirement assets

May 26, 2015

Investment advisers and brokers in the Washington, D.C., area may be getting new business from current and former employees of a federal housing agency who must decide within the next week what to do with their retirement funds. The Federal...

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,...

Longer life expectancies are killing pension funds

February 17, 2015

Pension fund strategies never factored in that people would live as long as they're living. It is a real and growing problem. Mamas, don't let your babies grow up to be pension fund managers Stories of investors being ripped off by advisers...

Defined contribution plans doubled asset growth of pensions in 2014

February 11, 2015

Total assets of the largest 1,000 U.S. retirement plans grew 8.5% to $9.055 trillion on Sept. 30, Pensions & Investments' annual survey found. Defined contribution plans among the top 1,000 increased 12.8% to $3.022 trillion, double that of...

Obama's retirement cap might sound good but it has an annuity problem

February 2, 2015

The White House released its 2016 budget Monday, and among other initiatives aimed at raising tax revenue from the richest of the rich, the Obama administration is proposing a cap on how much money a person can have in all of her retirement...

Retirement crisis is real and getting worse: Study

January 27, 2015

More than half of all American households do not have enough put away for retirement, and the problem is getting worse, according to new research from the Center for American Progress. Along with tracking what people are putting away for retirement,...

Vanguard's funds reach new heights

January 26, 2015

Vanguard Group Inc. last week surpassed State Street Global Advisors as the second-largest exchange-traded fund provider, a new milestone following a year that was filled with them. According to, a data and analytic website, Vanguard...

Global markets fixate on China's currency play

January 20, 2015

Is the Chinese Yuan the next shoe to drop? The Swiss currency move has turned up the head. A currency peg that is becoming difficult to maintain Money managers around the globe are fixated on a Chinese property management company, which could...

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