Retirement

Insurance companies and investment firms offering retirement services to large and small employers are learning that attention to detail, an improved communication with the plan sponsors and, indirectly, plan participants can dramatically improve their customer retention and satisfaction rates.

Our nation's retirement system is a hot topic. In addition to frequent surveys finding that Americans are ill-prepared and worried about retirement, there are statehouse disputes about whether public pensions are too fat.

Fiduciary concerns ranked high on the list of hot topics at this week’s American Society of Pension Professionals and Actuaries annual summit in Las Vegas, Nevada.

From analyzing the developing definition of fiduciary to discussing the best ways for advisers to differentiate themselves from the competition, the American Society of Pension Professionals & Actuaries 10th anniversary 401(k) SUMMIT gave more than 950 attendees plenty of tricks of the trade to improve their business and stay informed on industry developments.

“How can you do that to your kids?” That’s the question Sacramento’s Sarah Cook hears all the time. And rather than making her feel embarrassed or guilty, she revels in the scorn.

New research from LIMRA finds that total individual annuity sales rose 6% during the fourth quarter of 2010 as compared to the same period last year to reach $57.6 billion.

Assets in 529 college savings plans have grown 56% in the past 24 months, beating industry estimates by 30%, according research by Financial Research Corp.

Thirty-four percent of the 3,171 adults that The Harris Poll surveyed in February expect the economy to improve in the coming year, 42% expect it to stay the same and 25% think it could get worse.

Women are not only becoming more responsible for the finances in their own homes, but they are passing on their knowledge to their own parents.

When employers present employees with an easy, one-click option to enroll in or make a contribution change to their 401(k) plan during the annual health benefits process, the result is significant increases in 401(k) participation.