As stock values generally rose during the first quarter of the year, most DC plan participants continued with their asset allocations and contribution levels, and maintained low withdrawal activity, according to the Investment Company Institute (ICI).A recent ICI study, "DC Plan Participants’... READ MORE

Millennials are taking steps to save early for retirement, but they also have higher expectations that employers should be offering access to a retirement savings plan and socially responsive investments, according to new survey results.The Capital Group’s Wisdom of Experience survey found that 9... READ MORE

While estimates of the size and growth of “gig employment” vary, there are several indications that gig work is here to stay, even though such work may have a destabilizing effect on personal financial security, a new survey shows.Noting that it conducted the survey to better understand the... READ MORE

While a majority of plan sponsors report that they are highly satisfied with their plan advisors, a record number are actively looking to switch their advisors, according to new research from Fidelity.Now in its 8th year, the firm’s annual Plan Sponsor Attitudes survey found that 65% of plan... READ MORE

That’s the average amount a 65-year-old couple retiring this year will need to cover medical expenses (in today’s dollars) throughout retirement, according to the latest retiree health care cost estimate from Fidelity Benefits Consulting.Fidelity notes that while the 2017 estimate of $275,000 is... READ MORE

A Los Angeles investment adviser was charged this week by the Securities and Exchange Commission (SEC) with defrauding a high-profile professional athlete and the athlete’s wife by deceiving them about the investment advisory fees they were paying.According to the SEC, Jeremy Joseph Drake, formerly... READ MORE

A recent survey by Pew Charitable Trusts found strong support among small and mid-sized businesses for automatic IRA programs, multiple employer plans (MEPs)  and online marketplaces sponsored by states.The survey of more than 1,600 small and medium-sized private-sector businesses (those with five... READ MORE

Interest in sustainable investing has held steady, and in some cases, has grown. And this is particularly true among individual investors, led by Millennials who increasingly see this as a desirable element of their investment portfolio, according to new survey results.Morgan Stanley’s Institute... READ MORE

Advisors across geographic regions, at large and small firms, and across professional designations all tend to agree that the Department of Labor’s fiduciary rule will have some impact on their business models, according to new survey results.Conducted by Harper Polling on behalf of the Financial... READ MORE