The company's decision to offset $27.5M in contributions over a five-year period was a breach of fiduciary duty to retirement plan participants, argues class action.
A 2022 Federal Reserve data snapshot showing growth in housing and financial assets should be read with care, says retirement think tank.
Working longer helps with finances and psychological wellbeing, but over half of people end up retiring sooner than planned.
"Customers should use regulated industries to their advantage and hire career specialists in each area of their lives," said one industry executive.
Sales continue to rise across the industry, Limra found.
Its latest retirement data dive reveals continued growth in contributions and assets, including an encouraging Gen X trend.
Numerous others, including Bank of America and Nordstrom, are also facing proposed class actions.
Research from the Alliance of Lifetime Income highlights the economic implications of a historic turnover in the workforce.
Lifetime income options are good for those who are less financially savvy, a focus group with at least $500,000 said.
Larger plans have increasingly used lower-cost investment products like CITs, and mutual fund fees have trended downward.
Women still trail men when it comes to financial security by a sizable margin, according to a Prudential survey.
The Minnesota governor’s tenures as a teacher, National Guard member, and elected official gives him a unique three-stream portfolio of pension income.
But retirement security is a problem for many, and the demise of traditional pensions has correlated with widening income inequality.
Long-time advisor says client concerns over long-term planning are at record levels.
Indexed and structured products logged robust double-digit growth as fixed-rate annuities face challenges from declining rates, says new report.
Complex rules are "ridiculous" but advisors can add long-term value by helping clients get their IRAs and 401(k) balances down.
More employees are looking to make gradual goodbyes to the workplace amid ongoing concerns about retirement readiness.
RIAs have an advantage over captive advisors and have an opportunity to seize significant client service opportunity.
Edward Jones advisor Matthew Myre shares his insights with InvestmentNews.
Opt outs, turnover, and vesting schedules make automatic enrollment and escalation less effective, according to a new paper.
