An examination by the Securities and Exchange Commission found that pension fund consultants and other advisors were lax in vetting alternative investments.
Obamas call for the creation of retirement accounts to help U.S. workers has spurred a Connecticut coalition to once again urge lawmakers to help the 740,000 workers in the state not covered by an employer-sponsored plan.
A survey of 5,000 defined contribution plan participants found the 20 percent who were overconfident about their knowledge ended up with with smaller account balances than those more unsure of themselves.
Harkins plan, designed to eliminate a $6.6 trillion gap in savings compared to what is needed to live on in retirement, would combine elements of traditional pension plans with the portability and ease for employers that are part of 401(k) systems.
The American Academy of Actuaries group called on the president, as well as Congress, to vow to ensure the long-term viability of Social Security and Medicare, something that has long been talked about with little to show for all the rhetoric.
Shifting rules on fee transparency and the push for the Labor Department to develop a fiduciary standard give RIAs an opportunity in the retirement plan market.
Two aviation companies are set to put hundreds of millions of dollars into their pension funds this year and one said it contributed billions last year.
The city of Houston is suing the union representing its firefighters in a bid to gain the right to negotiate changes to its pension system.The city, which…