Eight of nine big defined-contribution record keepers either already offer emergency savings programs or are planning to, according to a Commonwealth report. Two — Prudential and Voya — provide those services as an in-plan option.
The response puts pressure on Chubb CEO Evan Greenberg to sweeten the offer as he seeks to beef up Chubb with Hartford's small-business coverage, fund manager and employee benefits unit.
The Washington firm manages retirement plans for public workers.
There’s rising confidence at the White House that evidence of widening inequality will translate into broad popular support for a tax-the-wealthy strategy.
The National Association of Registered Social Security Analysts' program qualifies for CFP and CPA continuing education credits.
Wilmington Trust, BNY Mellon and PGIM Fixed Income all play a role in the target-date CITs the union is rolling out for its members' defined-contribution plans.
One of the silver linings of the pandemic is the Social Security Administration has made it easier to conduct business online and over the phone.
As the country begins to reopen for business, advisers may want to take stock of a year that altered the retirement plans of millions of Americans.
Hartford has long been considered a potential takeover candidate for the biggest insurers in the U.S., and Chubb could reap considerable cost savings from a deal.
Defined-contribution plans like 401(k)s have all but replaced pension plans, although many plan providers and insurance companies are aiming to make the former more like the latter. The latest step has been to include guaranteed income options in 401(k)s, a development that will soon be tested in the market.
Assets in those investments surpassed $1 trillion last year, reaching about $1.18 trillion, compared with $1.57 trillion in target-date mutual funds.
Schroders survey shows that more Americans worry about the Netflix lineup than finances or investments.
The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
The program would apply to businesses with as few as five employees, requiring companies to participate and automatically enroll workers, unless they already provide retirement plans.
Of the roughly 70 million U.S. households with primary breadwinners younger than 55, 11.5 million are planning to retire by that age, according to a report from Hearts & Wallets.
Here’s one 2021 oddity: It's impossible for anyone to have a required beginning date in 2021!
The insurance company's chief growth officer succeeds Walter White, who will retire at year-end.
The GAO concluded that plan sponsors, record keepers and others have little to go on as far as guidelines from the Department of Labor and that it isn’t clear whether fiduciaries have the responsibility to minimize cybersecurity risks.
Annuities are one of the leading recommendations for near retirees who are concerned about running out of money. But they are also poorly understood by many consumers, and that puts people at risk for being sold inappropriate products in amounts that represent an outsize proportion of their savings.
Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.
