Retirement Trends

Prudential Financial Inc., the second-largest U.S. life insurer, said the New York Department of Financial Services told the company that it may not be holding enough reserves to back some savings products, known as variable annuities.

When employees leave, plan sponsors face increased costs, risks and potential liability resulting from cash-outs, stranded accounts and missing participants.

The Firefighters' Retirement System, the Municipal Employees Retirement System and the New Orleans Firefighters Pension and Relief Fund invested a combined $100 million with Alphonse Fletcher Jr., a Wall Street financier.

By limiting the value of tax deductions, defined contribution exclusions and IRA deductions to 28 percent of income, the Obama administration hopes to create $1 billion a year in new tax revenue.

If youre looking for a way to significantly grow your practice, heres a key: increase your focus on retirement plans.

Rep. Dave Camp's plan to overhaul the nation's tax code has been condemned by yet another retirement group, with the National Tax-deferred Savings Association (NTSA) denouncing the bill on Friday.