Prudential Retirement has named Srinivas Reddy to a newly created role overseeing investments for its Full Service business.

The union will create one of the nations leading providers of comprehensive retirement services capabilities for all sizes of 401(k), 403(b) and 457 retirement plans.

A study found that defaulted participants tend to earn less in salary across their careers and make fewer active contribution changes.

Only 15 percent of workers reported an increase in their expected retirement age in the past year, compared to 22 percent in 2013.

The cost of purchasing annuities from an insurer as a way to pass off pension liabilities stayed about the same in January, at 108.5 percent of the accounting liability of a defined benefit pension plan.

The overall average funded status jumped 13 percentage points, from 78 percent at the end of 2012 to 91 percent at the end of 2013.

Research showed that target-date funds are expected to play an increasingly important role in workplace retirement plans.

Many Americans greatly underestimate the amount of savings they may need to cover health care costs in retirement.