Record inflation and 401(k) statement shock could send some retirement plans down for the count.
InvestmentNews talks with David Musto, CEO of Ascensus, about whether Americans are being overly negative in their assessment of their retirement savings.
Total U.S. annuity sales increased 22% to a record $77.5 billion during the quarter, and fixed-rate deferred annuity sales jumped 76% from the year-ago period.
Its donors recommended nearly a million grants to charity totaling a record $4.8 billion in the first half, up 11% from $4.3 billion in the first half of 2021.
Two-thirds of Americans worry more now than they did last year about their retirement income, and 70% are concerned that Social Security will run out of funding.
A couple of major court rulings may lead to more litigation related to defined-contribution retirement plans.
The investment giant's latest survey showed more women have concerns than any other group.
The SEC said Equitable had provided false statements to 1.4 million variable annuity customers, most of whom were teachers or other public school employees.
Schwab Charitable donors gave $4.7 billion to charity in the past 12 months supporting 117,000 organizations,
Nonmedical and nontraditional workplace benefits are expected to grow 20% by 2026 as a result of increased competition for workers and heightened employee expectations, according to a recent report from Limra and EY.
