by
Karen DeMasters
Americans 61 to 70 are withdrawing money at a faster rate than older retirees required to make minimum withdrawals, a new survey says.
by FA Staff
Sixty-three percent of defined contribution retirement plan sponsors are using social media to communicate with account holders, says a new survey by Cogent Research.
by
Bloomberg News
Blackstone Group LP, the world’s largest private-equity firm, is taking aim at the $5.4 trillion of cash on corporate balance sheets in the U.S...
by
Ted Knutson
New rules that would require defined contribution plans to express accounts as estimated lifetime income streams are being proposed by the U.S. Department of Labor.
by
Bloomberg News
BlackRock Inc.’s Laurence D. Fink said U.S. employers should be required to put money aside for their employees’ retirement, similar to Australia’s system.
by
Karen DeMasters
Companies have cut back on matching money for 401(k) plans as they try to save money.
by
Ted Knutson
Gregory Johnson says private pensions are strong, saying median pension income is up.
by
Juliette Fairley
Since 2010, the number of institutional advisors merging or acquiring other institutional advisors has grown by 50%, according to Prudential.
by Jerilyn Klein Bier
Firms try to capture more 401(k) business as they await an important DOL ruling.
by
Bloomberg News
Private-equity firms, the exclusive money managers overseeing $3 trillion worldwide for the wealthiest investors, are discovering a new type of client: ordinary people.
by
Ted Knutson
Congressional researchers said plan participants get biased information and aggressive marketing.
by
Kathy Lynch
More people rely on advisors now because they were so pleased with the advice they got from them during the 2008 financial crisis, says a new Fidelity survey.
by FA Staff
Despite the stock market's growing recovery, fewer 401(k) assets are invested in equities than before the 2008 crisis, says a new report by Spectrem Group.
by
Kathy Lynch
Nearly 60% have less than $25,000 saved, and 36% of workers 55 and older have $10,000 or less, according to a new survey by the Employee Benefit Research Institute.
by
Ted Knutson
There could be enough bi-partisan support in Congress to pass legislation stemming pre-retirement outflows from 401(s), said Senator Tom Harkin, who chairs a pensions committee.
by
Dorothy Hinchcliff
Putnam Investments' CEO today asked advisors to consider seven investment strategies that "could offer tremendous value to clients" and to support three key changes that "could dramatically lift...
by FA Staff
Schwab will offer a 401(k) plan comprised of low-cost index exchange-traded funds.
by
Bloomberg News
Bank of America Corp., the second-largest U.S. lender, attracted record new assets last year to its unit servicing retirement and other employee-benefit plans.
by FA Staff
Thanks primarily to 2012's rising stock market, Fidelity Investments saw its average 401(k) balance reach a record high, the company reported today.
by FA staff
Retirement industry veteran Michael Palmiere joins firm.
