Investment Instruments

New York Citys defined benefit pension plans deliver the same retirement income as defined contribution 401(k)-type individual accounts,but for 40 percent less cost, according to a report by the National Institute on Retirement Security and Pension Trustee Advisors on behalf of the Office of New York City Comptroller John C....

The regulatory reform advisors are facing is nothing less than stunning, Amy Glynn, president of Pension Resource Institute told attendees on Monday at the Center for Due Diligences 2011 conference. Broker-dealers have been managing their businesses in a silo manner, she said, something that will have to change as rules...

The Internal Revenue Service is boosting the maximum contribution that workers can make to their 401(k) pension plans without paying upfront taxes. The limit will rise to $17,000 next year.

Monthly Social Security and Supplemental Security Income benefits for more than 60 million Americans will increase 3.6 percent in 2012, according to the Social Security Administration.

The Hartford has launched a new patented income solution delivered through 401(k) plans that will provide participants a guaranteed income stream for life.

Goldman Sachs Group Inc. reported a third-quarter loss of $428 million Tuesday as revenue from underwriting stocks and bonds plunged. It was only the second quarterly loss for the investment bank since it went public 12 years ago.

A recent survey by the Plan Sponsor Council of America shows 401(k) participants are increasingly using new plan investment features, while usage of hardship withdrawals and loans remain low despite their wide availability.

Vanguard announced it will add a new fund to its Target Retirement Funds in 2012. It also plans to merge its Vanguard Target Retirement 2005 Fund and its Vanguard Target Retirement Income Fund, since their asset allocations have become nearly identical.