Retirement

When managing money, the large majority of Americans today are not looking for shortcuts or get-rich-quick strategies, according to Northwestern Mutual’s 2013 Planning & Progress Study.

Recently a number of market observers have suggested banning actively managed mutual funds from retirement plans as a way of increasing participant balances. Their logic is that actively managed funds don't beat market averages or benchmarks often enough to justify their higher fees. Also, it is said that actively managed funds tend to be recommended by advisers who profit from their sale and therefore aren't objective.

A $15 billion asset increase, paired with a $14 billion liability decrease, reduces the Milliman 100 PFI pension funded status deficit to $285 billion.

Study Reveals Financial Industry Not Meeting Women’s Needs. Three-fourths feel they earn better returns teaming with financial professional.

Fewer than half of Generation X and Generation Y investors have made saving for retirement their top priority and a majority have little understanding of financial products and services, according to LIMRA research.

Social Security savings of $1.6 billion among reductions projected for 2014 and beyond

LIMRA research reveals that the majority of Generation X and Y consumers have little understanding of financial products and services and less than half make saving for retirement their top priority. Their situation improves, however, with the help of financial adivisers.

Non-qualified deferred compensations have been around even before the passage of ERISA in 1974.

Regulators should require financial advisers to give clients information to verify their credentials for advising senior citizens, the U.S. Consumer Financial Protection Bureau said.

An investment adviser will pay more than $120,000 to resolve U.S. regulatory claims that he lied to the California Public Employees’ Retirement System and other clients.