Retirement

The future of the investment advisory industry depends on reducing the cost of doing business, said Mark Casady, Chairman and CEO of LPL Financial, in the opening keynote at the Money Management Institute’s 2011 annual convention, held last week in Boston.

At a time when more Americans than ever are petrified they won't have enough set aside for retirement, a new LIMRA survey suggests that peace of mind could be just a phone call away.

A pension expert panned federal lawmakers’ efforts to increase oversight of state and local governments’ public pension plans.

With the equity markets’ recent woes in the past, variable annuity sales perked up in 2010, according to the Insured Retirement Institute in Washington, D.C.

While retirement confidence levels are low, employees are showing that they’re taking steps to financially recover from the 2008 recession and that they understand the importance of planning for the future, according to a new research report from Financial Finesse, a provider of workplace financial education.

Payroll and benefits outsourcing provider Paychex has acquired online 401(k) administrator ePlan Services.

Worries about the future of Social Security and Medicare, as well as the experience of the last market crash in 2008-2009 and the housing slump, have left an increasing number of Americans worried about whether they will have adequate resources to provide for their retirement years, which makes them more open to financial advice.

The vast majority of U.S. benefits managers reported that their organizations do not do enough to help employees make critical decisions at the point of retirement, according to new survey commissioned by Transamerica Retirement Management.

Retirement plan participants who don’t own a long-term care insurance policy and instead choose to self-insure for any LTCI needs in the future run the risk of seeing their life savings decimated by major medical expenses, cautions Jonas Roeser, senior vice president of marketing and operations for LTC Financial Partners LLC.

Our clients often ask us to define who in their organizations are fiduciaries to their retirement plans and exactly what it means to be a fiduciary. Many times, our clients are surprised by the answers that they get. You may be as well.