Retirement planning

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.

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.

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.

Industry experts say the new regulations will be announced soon, but many benefit brokers are hoping its release is pushed back.

The robo advisory firm will use the capital for investment in its 401(k) business, says Jon Stein, the company’s founder and CEO.