Retirement

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Ascensus to hire almost 400 employees
RETIREMENT PLANNING OCT 06, 2021
Ascensus to hire almost 400 employees

The hiring will occur by the end of 2022 and will involve all four of the company's lines of business.

Almost half of retirees won't have enough income by 2090
RETIREMENT PLANNING OCT 06, 2021
Almost half of retirees won't have enough income by 2090

A report from the Urban Institute found Social Security cuts, tax increases, longer working years and higher savings levels are needed to keep retirees from funding crises in the coming years.

Annuity targeting RIAs applies living benefit to separate fund, ETF portfolios
RIAS OCT 05, 2021
Annuity targeting RIAs applies living benefit to separate fund, ETF portfolios

RetireOne's contingent deferred annuity for the registered investment adviser market includes about 200 mutual funds, ETFs and model portfolios.

Barred adviser to fight elderly theft charges in court
LIFE INSURANCE AND ANNUITIES OCT 05, 2021
Barred adviser to fight elderly theft charges in court

Jeffrey Dampf was barred from the securities industry last week for not cooperating in Finra's investigation of allegations that he stole money from elderly clients.

Ameritas acquires record keeper
RETIREMENT PLANNING OCT 05, 2021
Ameritas acquires record keeper

Ponte Vedra Beach, Florida-based BlueStar Retirement Services also serves as a third-party administrator and provides multiple employer plans.

Prudential reorganizes retirement business
RETIREMENT PLANNING OCT 05, 2021
Prudential reorganizes retirement business

After striking a deal to sell a large part of its retirement business to Empower, the company is creating one unit, Prudential Retirement Strategies, to serve institutional and individual customers.

Few are prepared for long-term care costs
RETIREMENT PLANNING OCT 05, 2021
Few are prepared for long-term care costs

Families continue to provide the bulk of unpaid care, according to a new report that estimates more than one-third of individuals don't have the resources for even a year of minimal care.

Murder victim's son can get money from 401(k) linked to killers
RETIREMENT PLANNING OCT 05, 2021
Murder victim's son can get money from 401(k) linked to killers

The son of a man murdered by a Colombian guerrilla group had sued for access to a 401(k) account connected to the perpetrators.

The rise of insurtech
OPINION OCT 04, 2021
The rise of insurtech

Just 10 years ago, there was little crossover between securities and insurance, as insurance agents, health insurance agents and Wall Street advisers traditionally stayed in separate lanes. But that has started to change.

Bipartisan aura around retirement savings diminishes in reconciliation
RETIREMENT PLANNING OCT 01, 2021
Bipartisan aura around retirement savings diminishes in reconciliation

Republicans are upset about auto-IRA and other proposals in the $3.5 trillion budget reconciliation package. Will their ire carry over to SECURE 2.0?

Lawsuit over AutoZone's 401(k) targets new defendant: Northern Trust
RETIREMENT PLANNING OCT 01, 2021
Lawsuit over AutoZone's 401(k) targets new defendant: Northern Trust

In other cases, claims have been dismissed against several plan sponsors, including Prudential and Eversource Energy.

Ultra-rich have a tax problem: Not knowing when to sell
RETIREMENT PLANNING OCT 01, 2021
Ultra-rich have a tax problem: Not knowing when to sell

Legislators are preparing to raise taxes on those earning more than $400,000, but almost everything about the tax package is up in the air, including the new rates and when the various provisions go into effect.

Standard introduces small-plan record-keeping tool
RETIREMENT PLANNING SEP 30, 2021
Standard introduces small-plan record-keeping tool

The solution, which targets retirement plans with up to $2 million in assets, is built on a large-plan platform and can accommodate growth.

Consolidation, wellness and micro market top of mind for record keepers
RETIREMENT PLANNING SEP 30, 2021
Consolidation, wellness and micro market top of mind for record keepers

Looming over the RPA Record Keeper Roundtable and Think Tank was the convergence of wealth, retirement and health at work.

Empower Retirement plans to hire 325 by year-end
RETIREMENT PLANNING SEP 30, 2021
Empower Retirement plans to hire 325 by year-end

The company's retirement solutions group is looking for both entry-level and experienced staff.

OneDigital acquires $350 million advisory firm
RETIREMENT PLANNING SEP 30, 2021
OneDigital acquires $350 million advisory firm

Praxis Consulting, based in Sacramento, California, has $240 million in retirement plan assets and $110 million in personal advisory assets.

On a hiring spree? Retirement income could help lure workers
RETIREMENT PLANNING SEP 29, 2021
On a hiring spree? Retirement income could help lure workers

About 70% of people surveyed said they would choose a job with that feature over a similar one without it, according to a survey by TIAA.

Annuity sales reach near-record in second quarter
RETIREMENT PLANNING SEP 28, 2021
Annuity sales reach near-record in second quarter

Sales hit $68.2 billion, up by 40% from the second quarter of 2020, according to the Secure Retirement Institute.

The biggest gaps in Medicare: Dental, hearing and vision coverage
RETIREMENT PLANNING SEP 28, 2021
The biggest gaps in Medicare: Dental, hearing and vision coverage

A new study details the uncovered costs retirees face for those services as Congress considers expanding Medicare Part B to include such coverage.

Media coverage of Social Security could affect claiming age
RETIREMENT PLANNING SEP 27, 2021
Media coverage of Social Security could affect claiming age

A new study from the Center for Retirement Research at Boston College found news reports could lead to misconceptions about Social Security trust funds, and could influence retirement savers to claim earlier than otherwise planned.