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U.S. sues to block Aon’s $30 billion Willis Towers deal
The Justice Department says the deal, which would create the world's largest insurance brokerage, is anticompetitive.
DC industry must cooperate to resolve forgotten-accounts problem
Anyone who has tried to roll assets out of a DC plan knows how difficult and time-consuming it can be.
Ever hear of a ‘lay fiduciary’? There are 17.5 million of them
Group says nonprofessional plan fiduciaries who oversee assets in pension plans, foundations, endowments and trusts often don’t understand their responsibilities
The flip side to auto 401(k) design: Forgotten accounts
An academic study posted this month on the Social Science Research Network found that about $790 million in IRA assets were in limbo in 2017, with account owners 72½ and older failing to take RMDs.
Women dissatisfied with retirement industry’s work-life balance
The survey also finds sense among women that their compensation has not kept pace with their experience and responsibilities.
Bipartisan majority likes ‘Retirecare,’ survey finds
Enrolling working Americans in a government-sponsored retirement plan is a broadly popular idea.
Is your 401(k) ESG? There’s a certificate for that
Dalbar rates 401(k)s with up to five stars and tells plan sponsors what they can do to improve their plans on the basis of environmental, social and governance criteria.
DOL seeks to define ‘fiduciary’; SEC works on ESG disclosures
As the two agencies release their regulatory agendas, the SEC is also proposing to revisit rules promulgated last year when the agency was headed by former chairman Jay Clayton.
Rethinking retirement in the wake of the pandemic
Covid has helped retirees focus on the importance of well-being over wealth. A new study shows that the timing and funding of retirement have shifted as a result of the pandemic and that retirees are paying more attention to the nonfinancial aspects of retirement.
Russell, Wake Forest, Generac targeted in lawsuits
The new class-action suits against the three employers allege fiduciary breaches. Two defendants in other cases recently reached settlements over $1 million.
Roth conversions may not pay off until age 90 for most
Tax-rate changes have minimal effect on the financial benefits of Roth conversions, Edward McQuarrie, professor emeritus at Santa Clara University, wrote in a recent paper. The most important factor is actually compounding.
Black and Hispanic Americans still least prepared for retirement
While the annual Retirement Confidence survey shows Americans in 2021 had near-record-high confidence in having enough money for retirement, the survey also includes an analysis of the challenges Black and Hispanic Americans face in saving and preparing for retirement.
How charitable donations can replace the stretch IRA
The stretch strategy, which allowed beneficiaries to spend down inherited traditional IRA assets over the rest of their lives, all but disappeared with the passage in 2019 of the SECURE Act.
Captrust adds $873 million Georgia RIA
Atlanta-based Stewardship Financial Advisors will be rebranded as Captrust; deal also gives Captrust access to Stewardship's estate planning law firm, which remains a separate entity.
3 Social Security do-over options
Here are strategies that can be helpful for clients who have regrets over the timing of their Social Security claiming decision, whether they claimed early rather than holding out for a bigger check or waited longer than necessary.
It’s time to add emergency savings to work benefits
Bipartisan emergency savings legislation would allow employees to withdraw up to $1,000 per year from their workplace retirement account without penalty.
Plans, savers more aware of retirement income, but will demand follow?
Among retirement plan participants, about 90% said they are interested in retirement-income products and that having guaranteed income would be a plus, according to a BlackRock survey.
Aon to sell U.S. retirement business
Aquiline is buying the unit, while Alight Solutions is buying Aon's Retiree Health Exchange business. The sales are aimed at winning government approval for Aon's merger with Willis Towers Watson.
Blanchett leaves Morningstar to head retirement research at QMA
His role will involve positioning Prudential’s investment arm for the retirement income challenge.
A tireless retirement team
Retirement is a beat that’s covered extensively by InvestmentNews, and this week's edition is no exception.
