Retirement Advisor

Defined benefits and pension plans have fallen by the wayside, forcing plan sponsors to give employees a new kind of protection while still protecting the company against high costs. The answer? Annuities.

Connecticut administrators had not yet formally agreed Wednesday to a request from state employee union leaders to restart talks after a union savings and concessions deal failed.

MassMutual recently announced three appointments for key positions at the company.

The combined assets of the nation’s mutual funds decreased by $70.7 billion, or 0.6 percent, to $12.403 trillion in May, according to the Investment Company Institute’s official survey of the mutual fund industry.

Call it a case of supply and demand. John Hancock Financial Network’s latest survey of retirement plan advisors finds 85 percent of them are performing the same duties as plan fiduciaries, but only 34 percent actually has an Accredited Investment Fiduciary (AIF) designation.

I can’t figure out if Phyllis Borzi is tougher than Mary Shapiro or just smarter.

A court date has been set to hear arguments in a lawsuit over changes to New Hampshire's public pension system.

A growing number of 403(b) retirement plan sponsors use third-party administrators (TPAs) for key plan services, and a new analysis shows that practice may be leading to better plan design.