4 Reasons Americans Skip LTC Insurance
SCAN Foundation, a think tank, looks more deeply at why Americans fail to plan for LTC.
What Should 401(k)s Cost? What Do They Cost?
As DOL prepares its fiduciary reproposal, a Yale professor’s letter has shifted the conversation to “Why are 401(k) plans overcharging participants?” It’s the kind of publicity politicians can’t ignore.
DOL 408(b)2 Fee Disclosure ‘Guide’ Lands at OMB
ERISA guru Fred Reish says proposed reg could spell more expense for retirement plan service providers.
It’s a Stock Picker’s Market Now
After five years of disappointing returns, long-short equity hedge funds are rallying.
Who’s Kidding Whom? Dangers of Living in a Bubble
In politics and markets alike, it’s easy to fool yourself. Winner of 2014 Excellence in Financial Journalism Award from New York State Society of CPAs.
Illinois Dragging Feet on Huge Pension Problem
Lawmakers will convene again the first week in January in hopes of fixing the nation's worst case of underfunding state employees' pensions, a problem approaching $100 billion and mounting by $17 million per day.
Employer-Sponsored 401(k) Plans Would Drop ‘Significantly’ if Tax Treatment Curtailed: Study
A new report has found that curtailing the current U.S. tax treatment of contributions that workers and their employers make to 401(k) plans will “significantly reduce” employers’ willingness to sponsor plans.
PBGC Deficit Hits $34 Billion; Benefits Council Calls Number Misleading
The Council says ‘all pension fund liabilities—including the PBGC’s—are overstated by the historically low interest rates.’
Benefits Council Objects to New Pension Enforcement Rule
The American Benefits Council is taking issue with a new policy issued by the Pension Benefit Guaranty Corp. that it says “challenges” the health of the defined benefit system.
New Hire Roundup: Aberdeen Adds NYC Office
This week in new hires, MFS Investment Management welcomed Philip Stewart and promoted David Bryant; Leslie Voth was named CEO at Pitcairn; and Michael Millman joined U.S. Bank’s Private Client Reserve in San Francisco.