The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016
People who aren't prepared for retirement at age 62 aren't more likely than others to keep working, but those who do tend to benefit financially, a recent paper found
Prospecting is now more difficult, and advisers said they are less effective at selling products, a report from Limra and others shows
Paychex, Astellas and Aon were recently sued, and the $12.4 million settlement in a Northrop Grumman suit has been held up
The firm is now providing access to investment management, insurance brokerage and other services
The Treasury would build a national account-tracking system, under bipartisan legislation co-sponsored by Sen. Elizabeth Warren
The settlement resolves a class-action case that alleged the firm breached its fiduciary responsibility to plan participants
COVID-19 has highlighted the necessity of planning for care in old age, and advisers are increasingly recommending 'hybrid' annuity or life insurance products
Litigation alleging that plan sponsors breached their fiduciary duty keeps coming
Most people who shifted allocations in their retirement plans were more sophisticated investors, according to research published by NBER
