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Recent events and trends have thrust the topic of lifetime income products for retirement plans into the limelight. Retirements among the leading edge of Baby Boomers, medical advances increasing Americans' longevity, the market swoon of 2008 and continuing volatility in the financial markets have all contributed to a consensus that today's workers need options for their defined contribution plans that mimic the retirement income benefits of a defined benefit plan.
December 1 -
The SPARK Institute has sent a comment letter to the Securities and Exchange Commission asking it to modify its proposed 12b-1 fee rule.
November 5 -
The Department of Labors new 401(k) fee disclosure requirements that take effect Jan. 1, 2012 go far beyond disclosing mutual fund expense ratios to cover every nook and cranny of expenses in plans, right down to indirect service providers, speakers said at the FundForum USA 2010 conference in Boston Nov. 1.
November 2
