Retirement

Generations X and Y prefer an adviser to give retirement information face-to-face rather than searching online, survey finds.

Voya Financial, Inc. has hired a new CEO of retirement. Charles Nelson will join the company on May 1, overseeing tax-exempt and corporate markets and retail wealth management.

Financial experts say that people should try to replace 70%-80% of their current income in retirement, but current statistics suggest that employees need to make the right arrangements to do so.

Recently BlackRock, the largest asset manager in the world, announced that it would follow Fidelity and Federated in making changes to its money market fund offerings. These changes are in response to SEC reform rules announced during the summer of 2014, which will permit floating NAVs, redemption fees and liquidation windows in prime money market funds.

Commentary: More disclosures and transparency is not a bad thing, but how does this ruling truly help make things easier to understand and provide the leadership needed for retirement readiness, asks EBA columnist John Ludwig.

The Department of Labor finally revealed its proposed fiduciary standard rule on Tuesday after weeks of anticipation and speculation. The rule is intended to deter brokers from pushing “backdoor payments” and hidden fees in the products they recommend to clients.

Ownership of life insurance has been on a steady decline, and the reason many experts point to are other more pressing financial priorities — particularly with retirement income becoming such a hot priority.

The past year was not a good one for the top 100 corporate pensions, according to research by Towers Watson. Falling interest rates and increased liabilities from updated mortality assumptions combined in 2014 to eradicate most of the gains from the previous year, Towers Watson found. The average funded status of the Towers Watson Pension 100 fell from 89% to 81% in 2014, even though plan assets gained in value. One bright note was that plan sponsors…

After years of discussion, today the Department of Labor proposed a new rule altering the long-standing fiduciary standard and it was approved by the Office of Management and Budget. Controversial from their start in 2010, these new regulations have been framed as a way to help the middle-class avoid excessive fees and poor advice from financial professionals who do not already serve as a fiduciary.

After nearly five years of waiting, the DOL has released its proposal to amend the regulation governing ERISA’s fiduciary definition. The proposed fiduciary rule aims to expand fiduciary duties to those who provide investment advice. With expert analysis and reaction, EBA is covering the highly anticipated unveiling of the rule. Here you can find our complete coverage on the proposed rule.