Retirement, as we know it today, may become a relic of the past for the new generation – born Jan. 1, 2025 to Dec. 31, 2039, however, Prudential’s new report gives advisors and employers a head’s up – and is offering a bonus to get Gen Beta started.
Ex-employees are suing Verizon as well as State Street Global Advisors, which served as the “independent fiduciary” in putting the deal together to manage the pensions of 56,000 retirees.
Seattle-based Weyerhaeuser Company employees filed a class action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.
CNO, Lincoln, New York Life and Prudential are some of the companies competing harder for sales of products like critical illness and hospital indemnity insurance.
This week (Oct. 20-26) provides a great reminder that it will take a shared responsibility across government, employers, and employees to enable tomorrow's retirees to live a better life, longer, says Prudential's Ann Nanda.