- Employers Achieve Lower Costs And Improve Health Engagement With Integrated Benefits
Aon’s Cost Efficiency Measurement shows integration of medical, pharmacy and behavioral health benefits reduced total care costs by $148 per member per year
A study released today by Cigna (NYSE: CI), a global health service company, finds that triple integration of medical, pharmacy and behavioral benefits resulted in lower health care costs for employers. Conducted by Aon plc, a leading global professional services firm, the Value of Integration Study shows that Cigna’s integrated employer clients saved $148 per…
read more - IRA Assets Reach Nearly $14 Trillion
Asset growth can be attributed to rollovers from defined contribution plans
Private bank and bank trust executives are actively implementing inorganic growth strategies, namely mergers and acquisitions (M&A) and advisor recruitment, to achieve scale in an increasingly competitive wealth management environment.
read more - Smart Beta Exchange-Traded Funds Poised For Revival In Europe
Improved conditions for smart beta approaches are being driven by fundamentals, especially value
Amid a challenging market environment featuring underlying macroeconomic instability, smart beta or factor-based investing has seen an uptick in investor interest, according to the latest issue of The Cerulli Edge—European Monthly Product Trends.
read more - AllianzIM Announces New Upside Caps for January Series of U.S. Large Cap Buffered ETFs
The January series includes two ETFs with a 12-month Outcome Period
-Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly-owned subsidiary of Allianz Life Insurance Company of North America (Allianz Life), announced today the reset of its January series of U.S. Large Cap Buffered Exchange Traded Funds (ETFs).
read more - Measuring The Economic Impact Of Defined Benefit Pension Expenditures
Pension spending during pandemic supported $1.3 trillion in output, 6.8 million jobs, $157.7 billion in tax revenue across the U.S. economy. Real estate, food services, health care, and retail sectors realized biggest employment impacts
Economic gains attributable to private and public sector defined benefit pensions in the U.S. during the COVID-19 pandemic were substantial, according to a new report from the National Institute on Retirement Security (NIRS).
read more - Asset Growth Drivers And Opportunity Align For Fixed-Income ETFs
A strong product development opportunity exists for firms seeking to launch active fixed-income exposures
The portion of advisors who use U.S. fixed-income exchange-traded funds (ETFs) continues to grow, with 70% reporting use in 2022 vs. 63% in 2021. Myriad reasons are leading to fixed-income ETF uptake, and managers should pay close attention to a category that has the potential for long-term sustainable growth.
read more - Future-Proofing The U.S. Retirement System Requires Addressing Demographic Disparities
Examining demographic influences and vulnerable populations in the U.S. workforce
Almost half of U.S. workers (49 percent) expect their primary source of retirement income to come from self-funded savings such as 401(k)s, 403(b)s, IRAs, and other savings and investments. However, the total household retirement savings among workers is only $67,000 (estimated median).
read more - Health Benefit Cost Rose 3.2% In 2022, But Employers See Bigger Increases Ahead
Mental health remains a top concern of employers and employees – and virtual mental healthcare is proving key to improving access to services
The average per-employee cost of employer-sponsored health insurance rose by 3.2% in 2022, according to Mercer’s 2022 National Survey of Employer-Sponsored Health Plans, released today. Last year saw a spike in cost growth (to 6.3%) as individuals caught up on healthcare needs delayed as a result of the pandemic.
read more - E*TRADE From Morgan Stanley Eliminates Commissions For All Mutual Funds On Platform
E*TRADE from Morgan Stanley will eliminate trade commissions and early redemption fees for all online mutual fund trades made on or after December 12
E*TRADE from Morgan Stanley today announced it will eliminate all trade commissions and early redemption fees for mutual fund online trades on its platform.
read more - Competitive Pension Risk Transfer Buyout Rate Rises 20 Basis Points To 101.0% During November
Competitive bidding process saves about 2.6% of buyout costs as of November 30
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
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