FA News

DOL Gives Green Light For ESG Investments In Retirement Plans

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Morgan Stanley and others cheered the DOL's decision Thursday to allow a variety of socially responsible investments in retirement plans for the first time.

Tax Efficiency Ranks Highest Among NAPFA Advisor Concerns, Survey Says

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NAPFA advisors say the best advice they can give clients is to save for retirement in a tax-efficient manner.

Merrill Lynch: Potential Giving Of Older Americans 'Vastly Underestimated'

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Charitable giving of time and money will grow dramatically in the next 20 years because people will live longer and have more money than past generations, says a new study.

Middle-Age Workers Happier With 401(k) Fees Than Boomers, Retirees

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The Wells Fargo survey found 75 percent of working Americans 40 to 49 think 401(k) fees are “worth it” versus 60 percent of workers 60 and above and 56 percent for retirees.

Chubb Investors Oppose $80 Million Golden Parachute For CEO

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Chubb Corp. shareholders opposed an $80 million golden parachute payment for CEO John Finnegan, who struck a deal to sell the insurer to Ace Ltd.

Sustainable Investing Is Booming, But Is It Smart?

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Mainstream investment firms are rushing into “sustainable investing,” also known as SRI and ESG.

U.S. Moves Ahead With Carbon Rule As 25 States Prepare To Sue

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The EPA will formally issue carbon regulations for power plants on Friday, opening the door to a wave of lawsuits from states and industry groups.

Boston College: Many People Letting LTC Policies Lapse

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More than one-third of LTC insurance policyholders who buy policies at age 65 or older let their coverage lapse sometime in their lifetime, says a study by the college's Center for Retirement...

Tech Support Scammers Targeting Seniors

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Microsoft's digital crimes chief says states are seeing an explosion in the number of tech support scam complaints, but too few resources to pursue them.

Your Client Gets Offered A Ton Of Money; Should She Take It?

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More people are getting offered lump sums for their pensions, but they often aren't given enough information to make good decisions.

Mets Postseason Run Raising Fortunes Of Citi Field Bondholders

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The New York Mets swept their way into the franchise’s first World Series in 15 years, and Citi Field bondholders are cheering along with the team’s fans.

Franklin Resources Profit Declines 44% Amid Record Redemptions

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The manager of the $58 billion Templeton Global Bond Fund reported a worse-than-expected 44 percent drop in profit as the slump in emerging markets and energy eroded assets and prompted record...

Volatility Continues To Worry Advisors

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Advisors are split on what the future holds for markets, Eaton Vance says.

Wall Streeters Lament Path Not Taken As Job Satisfaction Slides

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If they could do it all over again, almost a third of Wall Street traders and investment bankers in their prime would pick a different profession.

For College Grads, 75 Is New 62 For Retirement Planning

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New data from NerdWallet.com suggests young people, on average, will work 13 years longer than today's typical retirees.

Edward Jones Prepares Students To Be Financial Advisors

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A program for financial students to prepare for the Series 7 exam is expanding.

Bosses Can Help Employees Prepare For Retirement

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Employers' approach should go beyond encouraging participation in 401(k) plans, Financial Finesse says.

New Babies Get Retirement Gift

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Voya Financial is offering babies born on Oct. 19 a $500 mutual fund investment.

Don't Retire Here, Says New Survey

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Avoid these 10 places when considering where to retire, says WalletHub.

Blackstone Builds On Apartment Foray With Manhattan Invasion

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The private equity firm’s acquisition of Manhattan’s largest apartment complex, Stuyvesant Town-Peter Cooper Village, catapults it to the top ranks of New York residential landlords.