The insurance industry is successfully challenging proposed regulations that would enhance protections for retirement savers. These regulations were aimed at increasing transparency and limiting conflicts of interest.
Tag: retirement
More U.S. Employees Willing to Sacrifice Pay for Better Health and Retirement Benefits: Survey
With their desire for greater security rising, a growing number of U.S. employees are willing to sacrifice additional pay in exchange for more generous retirement and health care benefits, according to the Global Benefits Attitudes Survey by Willis Towers Watson, a leading global advisory, broking and solutions company. The survey also found half of employees… Continue reading More U.S. Employees Willing to Sacrifice Pay for Better Health and Retirement Benefits: Survey
Generali Said to Eye Bid for MetLife EU Assets by Year-End
Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of talks, people with knowledge of the matter said. The Italian insurer has been finishing due diligence and aims to make an offer for most of MetLife’s business on the continent by the end of the… Continue reading Generali Said to Eye Bid for MetLife EU Assets by Year-End
Great American Life Gets IRS Ruling on Taxation of Fee-Based Annuities
Great American Life is pleased to announce it received a Private Letter Ruling (PLR) from the IRS that changes the tax treatment of advisory fees. The PLR was issued on August 6 and states that advisory fees may be withdrawn from a non-qualified fixed-indexed annuity without creating a taxable event for the client. The PLR… Continue reading Great American Life Gets IRS Ruling on Taxation of Fee-Based Annuities
Most Schemes Have Work to Do to Define their Long-Term Funding Target: Aon
Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has said that the majority of pension scheme trustees still have work to do when it comes to defining their long-term funding target. In its latest Annual Funding Statement, the Pensions Regulator expected UK pension schemes to have… Continue reading Most Schemes Have Work to Do to Define their Long-Term Funding Target: Aon
The Downside of Mandatory Retirement-Plan Contributions
As the U.S. and other developed countries increasingly look toward defined-contribution systems as the solution to retirement security, many people have suggested taking it one step further: Make participation mandatory. Conceptually, it makes sense. After all, if people won’t save enough on their own, it might be best to give them no choice at all.… Continue reading The Downside of Mandatory Retirement-Plan Contributions
Only One in Three Workers Are on Track to Retire Comfortably by Age 67
If current employee savings trends continue, half of workers will need to wait for retirement until at least age 70 to be considered financially prepared, according to findings from The Real Deal: 2018 Retirement Income Adequacy study released today by Aon, the leading global professional services firm providing a broad range of risk, retirement and… Continue reading Only One in Three Workers Are on Track to Retire Comfortably by Age 67