Treasury Secretary Jacob Lew announced that the administration's "myRA" retirement plan will be available nationwide, with an expanded menu of funding options.
Almost half of U.S. workers didnt have a company- sponsored retirement plan in 2013, compared with 39% in 1999, according to an analysis of Census Bureau data by the Schwartz Center for Economic Policy Analysis at the New School for Social Research in New York.
The median state pension last year had 70% of the assets needed to meet promised benefits, up from 69.2% in 2013.
Small market participants have less access to support and appear to be less knowledgeable and engaged in their workplace retirement plans.
"Many expect to continue working in retirement, says Catherine Collinson, president of the Transamerica Center for Retirement Studies.
A new study by retirement and investment trends research firm Hearts & Wallets, LLC found that more retirement firms are considering the lifetime value of consumers-currently 55%, up from 43% in 2010-showing an increased focus on younger investors.
F-Squared Investments is aiming to start a revolution in the retirement market with its strategies that tame the bear while still riding the bull.
Morgan Stanley and Co. has agreed to pay $100,000 to the New Jersey Bureau of Securities. This came after Bureau investigators found the company was in violation of state securities laws and regulations in its sale of non-traditional exchange-traded funds to investors.
Over the past two decades, investors have paid less and less to own shares of mutual funds. That's because investors demand low-cost funds, and because the fund industry is one characterized by competition, innovation, and economies of scale.
It looks like Nationwide Mutual Insurance Company will have its day in court come January 2014 to defend itself against a mutual fund lawsuit.