While 78% of millennials and 70% of all workers eligible for employee-paid workplace benefits said they were more likely to work for a company that offered the benefits, only 49% of those eligible actually took part in them, according to a survey conducted by Voya Financial.
The benefits offered were insurance programs typically covering critical illness, hospital indemnity, and income lost through disability or accidents.
The survey found that 31% of those eligible for benefits admitted they do not fully understand any of those they selected during their most recent open enrollment period. A previous Voya survey found that 73% of those who are benefits eligible are interested in support and guidance tools that help them understand how much money to put aside for retirement, emergency savings and health care expenses.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history,” said one FBI official.
With experience from Goldman Sachs and TD Ameritrade, the RIA's newest SVP hire adds to a recent wave of executive departures from hybrid Osaic.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
