Bank of America (BAC) said Tuesday that its latest Merrill Edge mass-affluent survey found that 63% of the mass affluent are seeking financial information and guidance from established sources, such as financial advisors, versus, 53% in January. About 37% of the mass affluent are turning to their brokerage firm versus...
American United Life Insurance Company, a OneAmerica company, has been named the number one 401(k) provider in five key satisfaction categories according to the Boston Research Group's 2011 Defined Contribution Plan Sponsor Satisfaction and Loyalty Study.
In volatile markets, demand should soar for professional financial advice, but few employees are taking advantage of recent rule changes that encourage plan sponsors to offer just that.
In 2010, more than 70 million American workers did not have access to an employer-sponsored retirement plan, according to a new study from the Investment Company Institute.
A conservative-leaning panel of federal appellate judges on Tuesday upheld President Barack Obama's health care law as constitutional, helping set up a Supreme Court fight.
The regulatory reform advisors are facing is nothing less than stunning, Amy Glynn, president of Pension Resource Institute told attendees on Monday at the Center for Due Diligences 2011 conference. Broker-dealers have been managing their businesses in a silo manner, she said, something that will have to change as rules...
The Los Angeles office of Lockton Retirement Services today announced the launch of its new Retirement Readiness Practice and proprietary suite of consulting services to help employers mitigate increased costs associated with an aging employee population who are deferring their retirement beyond 65 years of age.
After growing sharply throughout the 1990s, participation rates in 401(k)s leveled off during the next decade, especially during the period between 2005 and 2009, according to trend analysis from the Employee Benefit Research Institute.