Advisor Sales Strategies

The poor economy is having a negative effect on American workers, according to a survey sponsored by MassMutual Retirement Services.

The Milliman 100 Pension Funding Index, which tracks 100 of the nations largest defined benefit pension plans, released a report showing that these plans experienced a $42 billion improvement in funded status in October. The improvement came on the heels of the second-worst financial quarter on record, in which the...

Pension plans sponsored by S&P 1500 companies saw a $41 billion drop in their pension deficits in October, according to Mercer.

The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt.

Seniors who have been a victim of fraud will soon have a way to report it. A national hotline will take calls about general finance, medical and financial abuse questions from 9 a.m. to 6 p.m. EST on Nov. 10.

The funded status for the typical U.S. corporate pension plan rose to 74.8 percent in October because of strong asset returns and no change in liabilities, according to a report by BNY Mellon Asset Management.