Retirement

BlackRock Inc. plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.

New ways advisers can help clients make sound savings and investment decisions.

The DOL’s impending fiduciary rule will accelerate employers’ move toward vetting for experienced brokers, one expert says, adding that a formal process would help plan sponsors better spot suitable firms.

Many lack confidence they’ll ever be able to stop working, but benefit advisers working with employers can help them realize their post-work life goals.

Employers cite high productivity costs as one-out-of-four employees worry about money issues at work.

Lack of consistency in 401(k) matches is one reason Teresa Ghilarducci says it’s time for a change.

Regardless of what the final Department of Labor regulations say about fiduciary responsibility, sponsors should not hire or continue to work with an adviser who will not sign on to the plan as a fiduciary.

State Street Corp. agreed to buy General Electric Co.’s asset management unit for as much as $485 million in cash to expand alternative investments such as private equity and real estate.

While benchmarking 401(k) plan investments and fees is important, new research suggests employers and their advisers aren’t doing enough to measure workers’ retirement readiness.

The DOL’s impending fiduciary rule will accelerate employers’ move toward vetting for experienced brokers, one expert says, adding that a formal process would help plan sponsors better spot suitable firms.