IFAwebnews » retirement

Sponsors of 401(k)s adding features to boost participants’ investment

IFAwebnews Staff — Mon, 06 Feb 2012 16:49:18 +0000

Nearly half (49%) of 401(k) plan sponsors are offering features to automatically increase participants' contributions as they seek to improve their employees' preparation for retirement, a new Deloitte study finds.

Sponsors of 401(k)s adding features to boost participants’ investment via IFAwebnews.

Liberty Life renamed Athene Annuity & Life Assurance

Bob Graham — Thu, 02 Feb 2012 13:43:29 +0000

Liberty Life Insurance Co., which has a significant presence in Wilmington, Del., changed its name to Athene Annuity & Life Assurance Co., effective Feb. 1.

Liberty Life renamed Athene Annuity & Life Assurance via IFAwebnews.

CBIZ secures N.J.-based employee benefits, retirement business

Jaime L. Brockway — Thu, 12 Jan 2012 12:20:52 +0000

A Cleveland, Ohio-based business services provider bought the employee benefits and retirement section from Advantage Benefit Planning (ABP), based in Pleasantville, N.J.

CBIZ secures N.J.-based employee benefits, retirement business via IFAwebnews.

Emotions, desire to secure retirement drive annuity sales

Bob Graham — Thu, 17 Nov 2011 03:08:19 +0000

Annuity sales are being influence by increasing emotion and a desire by buyers to secure their retirement, not accumulate wealth, a new report finds.

Emotions, desire to secure retirement drive annuity sales via IFAwebnews.

Agents called on to shift mindset of young, uneducated investors

Jaime L. Brockway — Wed, 26 Oct 2011 21:01:13 +0000

American millennials believe their retirement depends solely on personal savings and investment, but are unsure how they will finance and save for their retirement, a new study says.

Agents called on to shift mindset of young, uneducated investors via IFAwebnews.

Final U.S. rules issued on how 401(k) advisors avoid conflicts of interest

Bob Graham — Mon, 24 Oct 2011 21:08:26 +0000

Federal officials have issued final regulations establishing how investment advisors providing 401(k) participants with advice without violating transaction rules.

Final U.S. rules issued on how 401(k) advisors avoid conflicts of interest via IFAwebnews.

About 75% of Social Security recipients won’t see COLA hike

Jaime L. Brockway — Mon, 24 Oct 2011 11:19:11 +0000

The cost-of-living adjustment (COLA) will increase 3.6% for Social Security beneficiaries in 2012, affecting more than 60 million consumers, although an insurance trade group says most will not see the full COLA.

About 75% of Social Security recipients won’t see COLA hike via IFAwebnews.

Heeding criticism, Labor Dept. to retool its definition of ‘fiduciary’

IFAwebnews Staff — Mon, 19 Sep 2011 17:04:45 +0000

The U.S. Department of Labor's Employee Benefits Security Administration will redo its rule on the definition of a “fiduciary” after its prior description drew criticism and concern from Congress and financial advisors.

Heeding criticism, Labor Dept. to retool its definition of ‘fiduciary’ via IFAwebnews.

One-third of all retirees draw on annuities for income

IFAwebnews Staff — Mon, 19 Sep 2011 12:42:00 +0000

More than one-third of all retirees receive income from an annuity in retirement, according to a new LIMRA study.

One-third of all retirees draw on annuities for income via IFAwebnews.

Actuaries: Higher Social Security retirement age needed to save program

Jaime L. Brockway — Fri, 15 Jul 2011 10:20:13 +0000

Congress should consider several steps, including increasing retirement age, to ensure Social Security's solvency in the future, an actuary representing an actuarial association told Capitol Hill.

Actuaries: Higher Social Security retirement age needed to save program via IFAwebnews.