Retirement

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InvestmentNews columnist to host new TV show about Social Security
RETIREMENT PLANNING JUN 01, 2023
InvestmentNews columnist to host new TV show about Social Security

Mary Beth Franklin's show on Maryland Public television will offer guidance not only for individuals currently nearing retirement age, but also those caring for aging relatives or facing changes in their marital status.

By Gregg Greenberg
Young adults have high ideals but low retirement account balances: TIAA study
RETIREMENT PLANNING JUN 01, 2023
Young adults have high ideals but low retirement account balances: TIAA study

Forty-two percent of the young adults surveyed say they’re living paycheck to paycheck, and only 33% say they could handle an unexpected major expense.

By Gregg Greenberg
Jay Shah named CEO at Edelman Financial Engines
RETIREMENT PLANNING MAY 31, 2023
Jay Shah named CEO at Edelman Financial Engines

Shah, formerly CEO of Personal Capital, will replace Larry Raffone, who will transition to become chairman of the board.

By Gregg Greenberg
Mariner acquires employee benefits company
RETIREMENT PLANNING MAY 31, 2023
Mariner acquires employee benefits company

With its deal for Spring, which provides businesses with financial wellness benefits for employees, Mariner is launching a Financial Wellness division.

By Ryan W. Neal
Franklin Templeton's Putnam buy raises doubts about scaling old-school asset management
RETIREMENT PLANNING MAY 31, 2023
Franklin Templeton's Putnam buy raises doubts about scaling old-school asset management

The $1.4 trillion fund company continues to grow through acquisitions in a shrinking category.

By Jeff Benjamin
Fintech Smart USA buys financial wellness provider ProManage
RETIREMENT PLANNING MAY 31, 2023
Fintech Smart USA buys financial wellness provider ProManage

The acquisition is the latest in a string of deals for UK-based Smart, including its purchase last year of Stadion Money Management.

By Gregg Greenberg
House bill would nix ESG funds in Thrift Savings Plan
RETIREMENT PLANNING MAY 30, 2023
House bill would nix ESG funds in Thrift Savings Plan

The retirement plan for federal government workers also includes numerous Christian and 'pro-life' funds that would seemingly be affected by the legislation.

By Emile Hallez
MassMutual promotes pair to leadership team, says goodbye to US head
LIFE INSURANCE AND ANNUITIES MAY 30, 2023
MassMutual promotes pair to leadership team, says goodbye to US head

Mike Fanning is retiring after 17 years as the insurer's US head, a period in which MassMutual grew into one of the top annuity providers in the US.

By Gregg Greenberg
California bill would require state pension funds to divest oil, gas assets
RETIREMENT PLANNING MAY 30, 2023
California bill would require state pension funds to divest oil, gas assets

The measure seeks divestment of an estimated $15 billion from oil and gas companies by CalPERS, CalSTRS.

By Bloomberg
3 best practices for avoiding a fiduciary breach
OPINION MAY 26, 2023
3 best practices for avoiding a fiduciary breach

Given the many lawsuits filed against retirement plan sponsors in recent years for breaching their fiduciary duties, here are the steps plan committees should be taking to mitigate risk.

By Alan Pfeffer
Fixed annuity sales stayed hot in Q1, Limra says
LIFE INSURANCE AND ANNUITIES MAY 26, 2023
Fixed annuity sales stayed hot in Q1, Limra says

Total fixed annuity sales surged 101% to $70.9 billion in the first three months of 2023, compared with last year’s results.

By Gregg Greenberg
Preparing for the future: How 529 plans have expanded in the past decade
OPINION MAY 26, 2023
Preparing for the future: How 529 plans have expanded in the past decade

Here's a list of the costs that have become qualified expenses for 529 plans in the past decade.

By David Haughton
Retirement Clearinghouse reports data breach
RETIREMENT PLANNING MAY 25, 2023
Retirement Clearinghouse reports data breach

Social Security and account numbers were compromised in a phishing attack, but accounts were not accessed, according to the firm.

By Emile Hallez
Could $25 billion in Social Security payments on June 2 force debt-limit deal?
REGULATION AND LEGISLATION MAY 24, 2023
Could $25 billion in Social Security payments on June 2 force debt-limit deal?

Those due to receive their Social Security benefits next week are retirees aged 88 and older, along with low-income individuals with disabilities.

By Bloomberg
Retirement battle Round 3: Boomers respond, along with everyone else
RETIREMENT PLANNING MAY 23, 2023
Retirement battle Round 3: Boomers respond, along with everyone else

The torrent of emails we received from members of all generations in response to 'Boomers bite back' was something we'd never experienced before.

By Gregg Greenberg
Income Lab launching retirement stress test tool for advisors
RETIREMENT PLANNING MAY 22, 2023
Income Lab launching retirement stress test tool for advisors

Key features of the test include the ability to see how a retirement plan would perform through real historical scenarios such as the Great Depression, 1970s stagflation, the dot-com bubble and the global financial crisis.

By Gregg Greenberg
Survey shows inflation increases retirement savings worries
RETIREMENT PLANNING MAY 22, 2023
Survey shows inflation increases retirement savings worries

The American Council of Life Insurers included questions in the poll that it says show a DOL fiduciary rule would hinder access to retirement advice.

By Mark Schoeff Jr.
10 IBDs with the most annuity revenue in 2022
BROKER DEALERS MAY 19, 2023
10 IBDs with the most annuity revenue in 2022

Here are the firms that took in the most annuity revenue last year, as market volatility propelled record annuity sales.

By InvestmentNews
When fiduciary duty is at odds with what's right for clients
COMPLIANCE MAY 18, 2023
When fiduciary duty is at odds with what's right for clients

It's time for the financial services industry to rethink its rules when it comes to offsetting fees.

By Jeff Benjamin
Fund shops focused on ESG despite pushback, reports show
RETIREMENT PLANNING MAY 18, 2023
Fund shops focused on ESG despite pushback, reports show

More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.

By Emile Hallez