Retirement

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Tired of being on camera? You’re not alone
RETIREMENT PLANNING AUG 27, 2021
Tired of being on camera? You’re not alone

Being on video caused workers to become disengaged and participate less than if they spent the meeting off-camera, a recent study found.

Average fund expense ratio now 0.41%, Morningstar finds
RETIREMENT PLANNING AUG 27, 2021
Average fund expense ratio now 0.41%, Morningstar finds

The average expense ratio on funds last year was less than half of what it was in 2000, according to Morningstar's annual study of fund fees.

Captrust acquires Chicago RIA Ellwood Associates
RETIREMENT PLANNING AUG 26, 2021
Captrust acquires Chicago RIA Ellwood Associates

The deal for Ellwood, which oversees $85 billion in assets, will expand Captrust's services for endowments and foundations.

DOL should take cue from other nations to clear up 401(k) fees: GAO
RETIREMENT PLANNING AUG 26, 2021
DOL should take cue from other nations to clear up 401(k) fees: GAO

Only about a third of U.S. savers are even aware that they pay fees on their retirement plans, a new report from the GAO found.

How 401(k) record keepers not part of the Fab Five can survive
RETIREMENT PLANNING AUG 25, 2021
How 401(k) record keepers not part of the Fab Five can survive

There are more than 40 national record keepers, with plenty of capacity for all. And some providers are uniquely positioned.

Serial spouse has several Social Security claiming options
TAX AUG 25, 2021
Serial spouse has several Social Security claiming options

The woman, who's twice divorced and widowed, can select the biggest of the benefits available.

Franklin Templeton builds on its tech for 401(k) managed accounts
RETIREMENT PLANNING AUG 25, 2021
Franklin Templeton builds on its tech for 401(k) managed accounts

The company recently announced partnerships with Stadion and vWise for its Goals Optimization Engine.

More businesses plan to increase employee benefits
LIFE INSURANCE AND ANNUITIES AUG 25, 2021
More businesses plan to increase employee benefits

Telehealth was the benefit that the most firms plan to increase, while 60% of those surveyed currently offer financial wellness.

The sky's the limit for an adviser dedicated to working with airline pilots
RIAS AUG 24, 2021
The sky's the limit for an adviser dedicated to working with airline pilots

Bob Warner's focus on airline pilots is a model for how niche practices can develop and thrive. His $15 billion RIA has been building relationships with pre-retired pilots for more than two decades.

Covid cost employers $4.7 billion a week in lost productivity
RETIREMENT PLANNING AUG 24, 2021
Covid cost employers $4.7 billion a week in lost productivity

Workers want better health care benefits once the pandemic is over, according to a survey by BrightPlan.

UBS to offer Transamerica program for small-business retirement plans
RETIREMENT PLANNING AUG 24, 2021
UBS to offer Transamerica program for small-business retirement plans

The Retirement Plan Exchange, which uses TAG Resources, is designed to reduce administrative headaches related to providing a plan.

How will a capital gains tax hike affect red-hot RIA M&A market?
OPINION AUG 24, 2021
How will a capital gains tax hike affect red-hot RIA M&A market?

Many RIA sellers who were already contemplating an exit in the near- to mid-term are likely to see the handwriting on the wall and scramble to complete their sales before the tax increase takes effect.

Active funds are a potential hazard in 401(k)s, guidebook for sponsors says
RETIREMENT PLANNING AUG 23, 2021
Active funds are a potential hazard in 401(k)s, guidebook for sponsors says

Identifying skilled managers is difficult, and plan sponsors should be careful about choosing active management, an online book from the CFA Institute Research Foundation notes.

Suit over removal of gold-heavy fund from Columbia 403(b) fizzles
RETIREMENT PLANNING AUG 20, 2021
Suit over removal of gold-heavy fund from Columbia 403(b) fizzles

The plaintiff allegedly lost $24,000 when the fund was removed from the plan and his assets were transferred to a target-date fund.

MetLife raises minimum wage for U.S. employees
LIFE INSURANCE AND ANNUITIES AUG 20, 2021
MetLife raises minimum wage for U.S. employees

The nation's biggest life insurer will now pay a minimum wage of $20 an hour, up from $15, as it joins other firms boosting pay amid labor shortages.

Average 401(k) is 24% bigger than a year ago: Fidelity
RETIREMENT PLANNING AUG 19, 2021
Average 401(k) is 24% bigger than a year ago: Fidelity

Higher contribution rates and market returns pushed up retirement savings considerably, a report from Fidelity found.

Retirees de-risk and base income on RMDs, research finds
RETIREMENT PLANNING AUG 19, 2021
Retirees de-risk and base income on RMDs, research finds

J.P. Morgan Asset Management, EBRI say retirees' spending rises when Social Security and required minimum distributions begin.

Do RPAs need wealth management to survive?
RETIREMENT PLANNING AUG 18, 2021
Do RPAs need wealth management to survive?

Few have figured out how to serve the participants who cannot afford traditional advice. Managed accounts are just a start.

Cyber insurance for 401(k)s rises in cost, demand
RETIREMENT PLANNING AUG 18, 2021
Cyber insurance for 401(k)s rises in cost, demand

Coverage is now harder to get, and it costs more, largely due to the higher volume of attacks that resulted in higher loss ratios for insurers.

Senator proposing new taxes on wealthy says idea is popular
REGULATION AND LEGISLATION AUG 18, 2021
Senator proposing new taxes on wealthy says idea is popular

But Sen. Chris Van Hollen, D-Md., says it's too soon to tell whether his proposals will be adopted in the $3.5 trillion budget bill working its way through Congress.