Practice

The incorporation of guaranteed minimum withdrawal benefits (GMWBs) into defined contribution plans may reduce the level of assets required for plan participants to achieve the same level of retirement income, according to Prudential Retirement.

A survey of more than a 1,000 Americans 55 and older found that three out of five still remain hopeful about the future and almost two-thirds say they would ideally like to remain productive and include some work in retirement.

With all the talk about Americans not saving enough for retirement, New York Life Insurance Company announced on Monday a new type of deferred income annuity that allows individuals to create a “personal pension” to ensure retirement income.

The incorporation of guaranteed minimum withdrawal benefits (GMWBs) into defined contribution plans may reduce the level of assets required for plan participants to achieve the same level of retirement income, according to Prudential Retirement.

Americans’ retirement expectations have changed dramatically in the past few years, with a vast majority planning to live more frugally and to delay retirement, SunAmerica Financial Group and Age Wave found in a survey of 1,001 people age 55 and older that was the basis for the “SunAmerica Retirement Re-Set Study.”

Morningstar has added sophisticated asset allocation and forecasting functionality to Morningstar Direct, its investment analysis platform for institutional investors.

The tech team at Fidelity Institutional Wealth Services has come up with a new way to help prevent independent financial advisors from enjoying their vacations: a new smartphone app that allows them to open client accounts and do electronic trading for clients from anywhere.

One of Wells Fargo Advisors former brokers has won $6.83 million in an arbitration dispute after alleging he was wrongfully terminated and defamed by the firm after cooperating with a regulatory investigation.

Financial advisors who position themselves well by be being frequently seen in the public eye -- either in print, on TV, on the radio or writing online columns likes this one -- can build the perception that they're professionals who can be trusted.

A hedge fund services unit of Citigroup in Bermuda has become the latest in a line of third-party middle- and back-office service providers to be sued by the trustee liquidating Bernard Madoff's firm to recoup collect funds for disgruntled investors.