Retirement Trends

Tapering doesnt necessarily mean tightening, said Joe Lucey, president of Secured Retirement Advisors in St. Louis Park, Minn. Were probably looking at two to three years before interest rates gets back to where they were.

The drain on company cash is easing after rising rates and surging stock prices helped increase the pension funding levels to 93 percent last year for 418 large companies with U.S. plans.

Establishing best practices across all areas of DC plan management is critical as they have become the primary savings vehicle for many U.S. workers.

For workers in the 45 to 54 age group, those with the longest tenure saw gains of 44 percent, while those with 10 to 19 years of service, saw growth of 51.5 percent.

The settlement comes as as a result of the companys residential mortgage securitization activities in the state, the attorney general announced.

Fiat SpA secured full ownership of Chrysler Group LLC in a $4.35 billion agreement that will conserve the Italian companys cash while creating a global carmaker with better scale to take on General Motors Co.