Early Social Security Claims Are Hurting Retirees
The vast majority of recent retirees are claiming Social Security benefits earlier than full retirement age, and it’s costing them significantly, a new study shows.
Huge Turnover of 401(k) Plans Possible in 2016
Providers of 401(k) plans will need to be prepared to defend their work — many plan sponsors are doing formal reviews next year, Cogent reports.
RIAs Continue ETF Push in Retail Market
Fee-based RIAs, who can deploy low-cost solutions without affecting their revenues, were a major driver of ETFs in Q2, Broadridge found.
Evensky: Fee-Only Advisors Face Annuity Dilemma
Fee-only pioneer Harold Evensky says fiduciary advisors will be obliged to recommend annuities — even if it means they won't get paid on those assets.
SEC’s Gallagher Doubts DOL’s Willingness to Listen
The proposed fiduciary rule is based on a "misguided notion" that fee-based compensation is always superior, the commissioner says.
Pension De-Risking Now Has IMF’s Attention
The trend of de-risking corporate pension plans calls into question the viability of the insurance companies that assume the obligations, an IMF report says.
What if We Replaced IRAs and 401(k)s?
A Brookings paper proposes replacing all tax-advantaged retirement plans with a single plan: The Universal Retirement Savings Account.
Supreme Court: Employers Must Review 401(k) Investments
The court has ruled in favor of participants in Edison International’s 401(k) plan who claimed company fiduciaries violated their duty to monitor three retail-class funds.
Northwestern Mutual to Settle Annuities Suit for $84M
The class-action lawsuit was triggered by a change it made in 1985 in how it calculated dividends for a fixed-income annuity.
Financial Engines’ Managed Accounts Surpass $1 Trillion
The Sunnyvale, California-based company now has a presence in 144 of the Fortune 500’s defined contribution plans.