The plans in public school districts — often a "laissez-faire" type of arrangement exposing teachers to high-fee products — won't be helped by the new regulation.
Broker-dealers can try shielding themselves from risk as much as possible, but lawsuits are inevitable and could prove difficult to defend, attorneys said.
Many plans don't offer annuities, and those that do see little participant uptake, but more regulatory clarity, better products and heightened interest will likely lead to greater prevalence.
Plus: Congress paves the road to becoming filthy rich, NextShares gains traction, and banking on a Clinton victory
This is the fourth consecutive year of COLAs falling below 2%.
Spouses can claim benefits when mate collects disability.
Spouses can claim benefits when mate collects disability.
Small increase will create a Medicare nightmare as premium hikes will vary.
But increase would be seven times higher if pegged to Consumer Price Index for the elderly.
A home equity conversion mortgage — more commonly known as a reverse mortgage —is becoming harder to dismiss as an income tool for retirement plans.
Both the 2016 and 2017 proposed fiscal budgets included a $3.4 million limit on retirement savings for an individual.
The ever-present push toward lower-fee products and services plays a large role in advisers' consolidation of providers.
Some argue that company-sponsored plans, viewed as the holy grail of asset management, are greatly in need of more options.
Some beneficiaries may receive a letter that says their policy will no longer be offered in 2017.
The company's "criminal epidemic" caused its stock price to tumble, leading to hundreds of millions in losses that 401(k) fiduciaries didn't try to prevent, according to allegations.
Millions of investors unprepared for retirement but no one seems to have an answer.
Providers such as MassMutual and Mercer have recently unveiled new services, part of a trend seeking to capitalize on disruption caused by the DOL fiduciary rule.
Join the conversation with IN's senior Washington reporter, Mark Schoeff Jr., and your adviser peers on Twitter during the presidential debate at 9 p.m. ET Sunday using <b>#INDebate16</b>. <b><i>(More: <a href="http://www.investmentnews.com/article/20160925/FREE/160929970/hillary-clinton-vs-donald-trump-who-are-you-voting-against" target="_blank">Advisers sound off about who, Hillary Clinton or Donald Trump, they are voting </i>against<i></a>)</b></i>
Move could pressure other wirehouses to follow suit and lead to adviser attrition. <b>Plus, <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">Find answers to all of the most frequently asked questions on DOL fiduciary rule</a>.</b>
Reduced lifetime income will force many to spend bulk of benefits on health care.
