Retirement

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Former DOL officials say agency historically grants hearings on regulatory proposals
RETIREMENT PLANNING JUL 20, 2020
Former DOL officials say agency historically grants hearings on regulatory proposals

Sen. Patty Murray recently requested a session on DOL’s investment advice measure

Biogen faces class action over 401(k) fees
RETIREMENT PLANNING JUL 20, 2020
Biogen faces class action over 401(k) fees

The company is among the latest targeted in a wave of ERISA litigation this year

New York state legislature considers tax on stock trades
EQUITIES JUL 20, 2020
New York state legislature considers tax on stock trades

The pandemic has left the state facing a projected four-year deficit of $61 billion

Meager savings led workers to tap retirement accounts, survey finds
RETIREMENT PLANNING JUL 20, 2020
Meager savings led workers to tap retirement accounts, survey finds

COVID-19 could have long-term consequences for Americans' retirement security, says the Secure Retirement Institute

Restoring tax break for advice fees faces challenge in pandemic relief negotiations
REGULATION AND LEGISLATION JUL 17, 2020
Restoring tax break for advice fees faces challenge in pandemic relief negotiations

Trump demands a payroll tax cut; lawmakers may not open gates to smaller provisions

Senate Democrats ask DOL to back off ESG rule
RETIREMENT PLANNING JUL 17, 2020
Senate Democrats ask DOL to back off ESG rule

The proposed restrictions on environmental, social and governance funds in 401(k)s would perpetuate racial discrimination, a group of lawmakers wrote

How to respond to a long-term care premium hike
RETIREMENT PLANNING JUL 16, 2020
How to respond to a long-term care premium hike

Weighing policy options to maintain coverage at an affordable price

401(k) sales will continue to fall: Survey
RETIREMENT PLANNING JUL 16, 2020
401(k) sales will continue to fall: Survey

Record keepers expect figures in the third quarter to be down 22% from a year earlier, according to a report from the Secure Retirement Institute

Student loans center of 401(k) perk  for Allianz workers
RETIREMENT PLANNING JUL 15, 2020
Student loans center of 401(k) perk for Allianz workers

The company will consider some loan repayments as contributions toward reaching the employer match

401(k) arbitration agreements still not mandatory
RETIREMENT PLANNING JUL 14, 2020
401(k) arbitration agreements still not mandatory

Sponsors have interest in adding them to their retirement plan documents, but the courts are up in the air, lawyers said

Biden's economic and tax plans draw mixed reviews from advisers
TAX JUL 14, 2020
Biden's economic and tax plans draw mixed reviews from advisers

The presumptive Democratic presidential nominee would raise capital gains taxes

INmail: Severance pay can temporarily boost Medicare premiums
RETIREMENT PLANNING JUL 13, 2020
INmail: Severance pay can temporarily boost Medicare premiums

Will a wife lose all of her Social Security benefits due to increased Medicare premiums triggered by her husband’s severance package?

‘Lost and found’ 401(k) bill is good for the advice industry
OPINION JUL 12, 2020
‘Lost and found’ 401(k) bill is good for the advice industry

While not exactly novel, the legislation is a sound first step toward getting Main Street investors the tools they need

Wawa settles ESOP lawsuit for $21.6 million
RETIREMENT PLANNING JUL 10, 2020
Wawa settles ESOP lawsuit for $21.6 million

The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016

Working past 62 improves retirement security: Study
RETIREMENT PLANNING JUL 10, 2020
Working past 62 improves retirement security: Study

People who aren't prepared for retirement at age 62 aren't more likely than others to keep working, but those who do tend to benefit financially, a recent paper found

Social distancing weighs on advice business: Survey
RIAS JUL 09, 2020
Social distancing weighs on advice business: Survey

Prospecting is now more difficult, and advisers said they are less effective at selling products, a report from Limra and others shows

CareerBuilder gets win in 401(k) lawsuit, others face new claims
RETIREMENT PLANNING JUL 08, 2020
CareerBuilder gets win in 401(k) lawsuit, others face new claims

Paychex, Astellas and Aon were recently sued, and the $12.4 million settlement in a Northrop Grumman suit has been held up

Revamping portfolios with risk-smart, tax-smart building blocks
OPINION JUL 08, 2020
Revamping portfolios with risk-smart, tax-smart building blocks

Investors are painfully aware their retirement plans need a do-over. Here's the best approach

Empower’s Personal Capital acquisition highlights convergence of wealth and retirement
OPINION JUL 08, 2020
Empower’s Personal Capital acquisition highlights convergence of wealth and retirement

Retirement plan advisers should heed the implications of the deal

Goldman Sachs' Ayco adds 'marketplace' for workplace clients
FINTECH JUL 07, 2020
Goldman Sachs' Ayco adds 'marketplace' for workplace clients

The firm is now providing access to investment management, insurance brokerage and other services