Margarida Correia

The bank will provide both non-discretionary and discretionary services. The discretionary service will offer three types of investment lineups built for different plan demographic profiles.

The amount of coverage has fallen 35% since 2008 financial crisis.

The average American registered an insurance shortfall of $320,000. The gap has widened substantially for Gen Xers since the financial crisis.

Americans may say they want to insure their future, but what they buy doesn’t measure up.

Unlike their precursor products, deferred income annuities offer a shorter deferral period, meaning buyers do not have to wait as long to begin taking income.

A new poll shows a large gap between the amount of life insurance necessary and what consumers think they have.

EBRI analysis projects up to one-third of Gen Xers could run out of money.

The Atlanta-based banking organization has added new retirement income projection tools that it says enhances the ability of plan participants to make more informed decisions around retirement planning.

If interest rates remain low, more than one in four baby boomers and Gen Xers — who otherwise would have had adequate retirement income — are projected to run out of money in retirement.

More 401(k) retirement plan participants are turning their portfolio construction over to a professional, according to Vanguard’s annual 401(k) report.

Men and women are equally likely to say that they and/or their spouse have saved — or are currently saving — for retirement. And they are almost as likely to indicate that they have tried to calculate how much they will need to save for a comfortable retirement, with 45% of women and 47% of men claiming to have tried to make that calculation.

Less than half (42%) were aware that that their take-home pay would decline this year due to the recent elimination of the payroll tax holiday by Congress. The awareness was greater among men.

Studies show married baby boomers and staid retirement plan participants achieve the highest levels of retirement security.

The availability of in-plan investment advice appears to have increased. In a recent survey, almost eight in 10 participants (79%) said that their plans offer online, telephonic or in-person advice, up from 72% in 2011.

A new survey finds that while most wealthy Americans have a retirement plan in place and feel confident about their retirement readiness, they may be underestimating how much money they will need once they retire.

In 2012, banks sold $1.6 billion in life insurance premium, the second-highest annual production level in the history of the bank channel. The banks’ record year was 2010, when the channel sold $1.8 billion in life insurance.

More than eight in 10 Americans (84%) expect to see their dentist this year for regular cleanings while less than half (43%) plan to meet with their financial adviser to review their investment strategies, according to a survey on retirement from the PNC Financial Services Group.

United Technologies Inc. closes its defined benefit plan and makes a lifetime annuity the default retirement plan option for new hires.

How many Gen X and Gen Y consumers are saving for retirement? Not nearly enough, according to industry research group LIMRA.

Investors with $150,000 to $249,000 in income are especially receptive to learning about annuities, according to a recent Nationwide Financial survey.