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U.S. retirement assets flat in second quarter
ICI says assets in DC plans rose slightly to $6.8 trillion, up 0.4% from the quarter ended March 31. Of that, $4.7 trillion was in 401(k) plans.
Advisers form coalition to oppose DOL fiduciary rule
Grassroots organization is sponsored by a trade association for life insurance companies.
Advisers like reverse mortgages, but only in unique circumstances
Home-equity product for clients who plan to stay in their home indefinitely and who could use some supplemental income.
States should have flexibility in crafting workplace-based retirement plans: GAO
Report looks at estimates of workplace retirement savings program coverage, strategies used by states and other countries to expand coverage among private-sector workers and challenges that states could face.
Wagner bill to stop DOL fiduciary up for a vote this week
A House committee will take up the measure Wednesday, but Rep. Ann Wagner says it isn't clear when it would come before the full House and how much bipartisan support it would garner.
Transamerica to buy Mercer's defined-contribution record-keeping business
The deal is expected to add $71 billion in assets under administration and 917,000 participants to Transamerica's record-keeping platform.
NextCapital takes on competing retirement robos with 401(k) account aggregation
With such automated functionality, advisers can pull data from various sources to create a comprehensive financial plan.
The rise and fall of commodities puts some advanced economies on the ropes
Breakfast with Benjamin The atrophy of the manufacturing sector as commodity prices wane is wreaking havoc on a number of advanced economies.
Thinking like a retiree is quite different than thinking like an investor
Retirement income planning is now established as a vital component of financial planning.
American Funds making inroads with fee-based advisers
In its sales turnaround, third largest U.S. fund company relies on retention of existing advisers and lower-cost share classes.
House Democrats seek changes to DOL fiduciary rule
Ten representatives send letter calling on the agency to fix problems with exemptions for compensation practices and investor education.
A bucket strategy for retirement
Breakfast with Benjamin: Here's a new way to think about building a portfolio for your retired clients using the old bucket strategy. Three buckets for three timeframes
Millennial super savers socking away at least 15% of their incomes
Of the 13 million participants in 401(k) plans administered by Fidelity Investments, close to 421,000 are young "super savers."
Betterment to become first major robo-adviser to offer 401(k) plans to employers
Breaking new ground in retirement planning, the automated investment service will begin offering 401(k) plans to employers, competing against giants such as TIAA-CREF, Vanguard, Prudential, Charles Schwab and Fidelity.
Is General Motors' 401(k) annuity choice a harbinger for broader uptake?
Advisers say more mega-sized defined contribution plans taking up lifetime income provides a signal to the broader retirement market.