Dramatic shift in retirement investment risk tolerance could be boon for annuities
Alliance for Lifetime Income study finds 1 in 4 Americans have a lower risk tolerance for future retirement investments because of the COVID-19 pandemic.
401(k)
Preston Rutledge retiring as Assistant Secretary of Labor
As head of the Employee Benefits Security Administration, Rutledge was responsible for defined contribution plan regulation, reporting, oversight and enforcement, and also oversaw self-insured health plans, and the DOL fiduciary rule.
Congress finalizes $2 trillion coronavirus relief bill including retirement plan aid
Legislation allows limited, early withdrawals from retirement accounts, deferred RMD in 2020.
Congress tacks SECURE Act to 2020 spending bill
House and Senate leaders include landmark retirement reform bill benefitting annuities in must-pass federal budget agreement.
EBRI analyzes new legislative proposals impacting employer retirement plans
Latest issue brief simulates the impact of proposed legislative fixes on the retirement system.
Annuity proponents praise bill that would make it easier to include annuities in retirement plans
An amendment in The Family Savings Act, HR 6757 passed by the House of Representatives on Sept. 27, would improve access to annuities by removing barriers restricting the types of small business employers permitted to band together to offer a retirement plan.
Almost three-quarters of defined contribution advisors offer financial wellness
Nearly 3 in 4 (73%) of advisors report that they specifically offer financial wellness support in their defined contribution (DC) plans, according to LIMRA Secure Retirement Institute data released Aug. 7.
The State of Employee Benefits: Findings from the 2017 Health and Workplace Benefits Survey
Dental insurance reclaims the second-most offered benefit spot from retirement savings plans and life insurance leapfrogged vision insurance to claim the fourth spot in the recently released 2017 Health and Workplace Benefits Survey.
FedEx buys $6 billion group annuity contract from MetLife to reduce pension obligations
The largest U.S. pension transaction by premium in the last five years continues the market trend of more plan sponsors transferring their pension obligations to insurance companies.
Most middle-income employees feel more secure thanks to workplace benefits
New MassMutual study also exposes need for stepped-up benefits education to fight knowledge gap – particularly among lower-income workers.
