Practice

Forty percent of high-net-worth investors, those with $1 million or more of investable assets, excluding their primary home, are worried about the risk of outliving their assets, The Phoenix Cos. found in a survey. In 2007, only 33% had this concern.

Thirty-six percent of financial advisers are less confident than they were a year about in their ability to manage reitrees’ assets—with most blaming the complexity of retirement income portfolios needing to both generate growth while guaranteeing income, GDC Research and Practical Perspectives found through a survey.

The Securities and Exchange Commission is currently investigating 50 cases of credit-default swaps and 150 hedge funds, Chairman Mary Schapiro told the Society of American Business Editors and Writers. The investigations are in line with objectives of the Obama Administration to overhaul financial regulations.

The House Education & Labor Committee last week proposed new rules for 401(k) disclosure that will give investors greater transparency into the fees they are paying, but some 401(k) advocates say the new rules are too aggressive and unnecessary.

NEW YORK - After suffering deep losses in their retirement savings accounts, most Americans appear to be in a state of shock, unsure where to move next.

Commenting on the House Savings Recovery Act introduced this week, Rep. Ed Royce (R-Calif.) said, “Along with our struggling economy, over the past 16 months, millions of Americans have seen their personal savings and retirement accounts hit hard. Americans should be given every opportunity to help rebuild their savings. “

The “Sixty Minutes” segment on 401(k)s that slammed them as being mediocre offerings with hidden fees is not the only shot being taken at the defined contribution model—not by a long shot.

The House Education & Labor Committee has introduced the Fair Disclosure for Retirement Security Act of 2009, which would require 401(k) plans to clearly state all fees with the aim of helping workers shop around for the best retirement options.

Seventy-five percent of employees at companies that have had layoffs, furloughs, suspended 401(k) matches or that have taken other cost-cutting measures, have faith their employer is taking the right action to strengthen the company, according to a Zoomerang survey for iDashboards.

Americans are growing increasingly worried about having enough money for retirement, but that fear is turning to paralysis, as fewer investors make changes to stem future losses, a new study found.