In honor of Father's Day, the Insured Retirement Institute released a financial profile of the average male Baby Boomer. Its research found that while they favor riskier investments, a high percentage of them haven't done much planning for retirement.
An Illinois registered investment advisory company has been ordered by a federal judge to pay back $1.2 million to four pension plan client accounts. The co-founder of the company used the money to invest in personal business interests, including a restaurant and a film distribution company.
While financial benefits are very important to employees, employers need to do a better job communicating those benefits to them, according to a new study by Bank of America Merrill Lynch.
A new international retirement survey by AEGON found that most working adults are very pessimistic they will have the funds they need to retire comfortably.
The large decline in equity markets and lower interest rates conspired to bring the funded status of the typical U.S. corporate pension plan to 69.8 percent in May, its lowest level since December 2007.
Annuity sales dropped in the first quarter of 2012, but the long-term outlook for the industry is very positive, according to The Insured Retirement Institute.