General Motors has completed the transfer of its retiree pension benefit obligations to a group annuity contract with Prudential Insurance Company of America.

The recession and slow recovery are preventing baby boomers from adequately saving for retirement.

Thirty percent of eligible General Motors retirees accepted a lump sum payment in lieu of ongoing pension benefits.

Employers are turning to Financial Finesse's financial helpline as a way to vet advisors and give high-net-worth employees access to a second financial opinion.

Lump-sum investing outperforms dollar-cost averaging two-thirds of the time, according to Vanguard, even when results are adjusted for the higher volatility of a stock/bond portfolio versus cash investments.

The California Public Employees Retirement System is suing the city of Compton, California, for falling behind in its pension payments.

The U.S. Supreme Court on Monday refused to consider two appeals in a case that accused John Hancock Life Insurance Co. of charging excessive fees on annuity insurance contracts in 401(k) plans.

Only one-third of Americans consistently take action after receiving financial advice, according to the latest TIAA-CREF study. Despite the lack of action among so many, nearly half of all surveyed admitted they worry about their long-term financial futures.