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Slightly more than half of younger consumers say they are very or extremely concerned about having sufficient money for a comfortable retirement.

Nearly three-quarters, 74 percent, of employers who offer a defined contribution plan believe their employees' retirement readiness is a critical measure of whether their current retirement benefits program is a success, according to the LIMRA Secure Retirement Institute.

Voluntary benefits grew 9 percent in 2013, totaling $4.3 billion, according to new LIMRA data.

According to a LIMRA study, Jackson National Life Insurance Company sold $23.2 billion of total annuities in 2013.

Dr. Thaler's work - particularly his work on automatic deferral rate escalation - identified a solution to help people act on their intention to save more.

Experts point to U.S. census projection, which show that the number of people aged 65 and older will more than double between 2012 and 2060, from 43 million to 92 million.

The survey also asked consumers whether they prefer to "live for today" or "plan for tomorrow," and found that those who adopt the former approach were more likely to use their refund to pay off debt, spend it on everyday living expenses or vacation than those who had the latter...

Prudential Financial Inc., the second-largest U.S. life insurer, said the New York Department of Financial Services told the company that it may not be holding enough reserves to back some savings products, known as variable annuities.