Retirement News

Displaying 4659 results

Topic

Spark announces best practices to protect against retirement fraud

The Spark Institute's standards build upon DOL cybersecurity guidance to provide more clear-cut practices designed to defeat retirement account fraud.

Topic

More plan sponsors looking for new adviser

A Fidelity survey shows sponsors also want lower fees, more retirement expertise and a better investment lineup.

Topic

The value of a 401(k) participant, quantified

Who deserves to service and monetize the participants? The answer to that is whoever works the hardest, within the limits of the law, in a professional, conflict-free manner.

Topic

Empower’s $3.55 billion deal with Prudential makes the 401(k) world a lot smaller

Empower is already the second-biggest U.S. plan provider by number of participants, behind Fidelity. The deal will add $314 billion in assets among 4,300 plans, boosting Empower's size to $1.4 trillion among 71,000 plans.

Topic

Allianz Life enters DC business with guaranteed income product

Former Voya, Nuveen exec Mike De Feo will head the company’s new business line.

Topic

Who’s worried about retirement? Young people

The pandemic has created concerns about retirement security among millennials and Gen Xers.

Topic

Pru selling retirement biz to Empower in $3.55 billion deal

The acquisition will leave Empower with a $1.4 trillion defined-contribution business with about 71,000 plans.

Topic

Integrated Pension Services acquires Benefits 21

The acquired business was the pension administration arm of Friedman, a New York-based CPA firm.

Topic

Rescuing baby boomers’ retirements

Given their limited savings, current low interest rates and the ongoing rise in prices and out-of-pocket health care costs, most boomers need a financial lifeline.

Topic

Long-term care settlement to cost CalPERS as much as $2.7B

Policyholders saw an 85% bump in their premiums in 2015, despite assurances when they signed up that rates would not increase.

Topic

NAPA launches ESG certificate program

The training is designed to help retirement plan advisers evaluate environmental, social and governance investing opportunities.

Topic

Social Security COLA likely to top 6% in 2022

Continued inflationary pressures could result in the largest cost-of-living increase in benefits since 1983.

Topic

Empower’s adviser managed accounts top $1.5 billion

The retirement plan provider created its managed account program in 2019.

Topic

Trading in 401(k) accounts at historic lows

More money flowed to equities than fixed income in the second quarter, according to data compiled by Alight Solutions.

Topic

Biden fires head of Social Security Administration

The political infighting won't affect the $1 trillion in benefits Social Security sends each year to 65 million Americans. But it will likely make it more difficult to begin work on a solution to the program's long-term financial challenges.

Topic

Principal partners with Edelman Financial Engines to offer participant advice

Employees of select large client plans can use an array of tools and speak with an adviser.

Topic

Senate retirement bill includes tax break for financial planning

While the provision helps level the playing field, prominent industry observers, like Michael Kitces, worry the benefit is too narrow. Investment Adviser Association, and other groups, are pushing for a broader tax deduction.

Topic

4 conversations to make retirement more fulfilling for your clients

Financial preparedness is only a piece of the equation; clients must understand the impact retirement will have on every part of their lives.

Topic

Seldom-used 401(k) brokerage windows being reviewed by DOL

The DOL could issue guidance “to ensure that plan participants and beneficiaries with access to a brokerage window are adequately informed and protected under ERISA."

Topic

Federal government’s retirement plan to add ESG funds

Starting in 2022, the Thrift Savings Plan will offer a new mutual fund window that will include ESG funds.