Learning from the lessons of 2020 and taking action to improve their retirement planning should be a key focus for advisers in 2021.
After private-equity partners lined up to invest in Captrust, which eventually selected GTCR, the firms that were left out were eager to invest. SageView became the most attractive option remaining.
As COVID-19 forced some older Americans into early retirement, a survey shows a huge increase last year in total retiree debt, partly as a result of more people carrying credit card debt.
The deal for Vertical Financial Group is the insurance giant’s second big purchase of a retirement plan adviser.
Hours before President Joseph Biden was inaugurated at the U.S. Capitol, the Biden transition team released a list of more than 100 Trump regulations approved since 2017 that it intends to revisit.
Roughly half of American households may not be able to maintain their standard of living in retirement, according to a report from the Center for Retirement Research.
A Department of Labor advisory council compiled a wealth of testimony on the challenges that plan sponsors, advisers, record keepers and others face in identifying retirement savers’ cognitive decline and what options they have when they suspect it.
The company, not wanting to be outdone by an identical move in December by its competitor Vanguard, lowered its investment minimum for defined-contribution plans from $100 million to $5 million.
VALIC and Associated Bank were sued recently over their retirement plans, while a long-running case over losses in Valeant Pharmaceuticals stock in DST Systems' plan was settled for a total of $79 million in three separate agreements.
If your client is entitled to Social Security on her own earnings record, she may want to collect reduced retirement benefits at age 62.
Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.
The majority of U.S. households, even those that save and invest diligently, place the bulk of their investible assets in tax-deferred retirement accounts and bank accounts, while ignoring 'middle liquidity' options, the report published by Hearts & Wallets notes.
The business is complex and competitive, and it is changing rapidly, industry leaders noted at several InvestmentNews events
Pooled employer plans, or PEPs, could dramatically change the 401(k) business, but only if employers decide to adopt them.
Financial wellness programs depend on data about what workers need, but employees may have concerns about the privacy of their personal information.
The firm's acquisition of the record keeper may be a harbinger for other distributors. Does Raymond James see opportunities to monetize participants in retirement plans, especially given the launch of pooled employer plans?
That guidance comes years after it was requested by industry groups. The Department of Labor regularly investigates employers for the issue of missing participants, but until now it hadn't provided clear steps on how to remedy the problem.
Boston-based Alpha is a retirement consulting firm with 572 clients and about $2.9 billion in assets.
Future innovations in DC plans will come as much from retirement plan advisers and their clients as from the institutional market.
The Morningstar study examined saving, investing and wealth differences between typical in-office employees and remote workers. The latter tend to be older and more highly compensated, both of which correlate with different investing habits.
