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  • Majority Of Investors Don’t Fully Understand Investment Costs
    Majority Of Investors Don’t Fully Understand Investment Costs

    Major gaps in understanding cost of funds and investment advice signals opportunity for advisors to help educate investors about fees and expenses

    State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the findings of its Low-Cost Investing Survey, which reveals a lack of general understanding persists about the management costs and advisory fees investors pay, despite the financial industry’s efforts to make fees more transparent.
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  • Guaranteed Lifetime Income Or A Fully Stocked Wine Cellar?
    Guaranteed Lifetime Income Or A Fully Stocked Wine Cellar?

    Financial advisors believe their clients favor the former

    RetireOne®, the leading independent platform for fee-based insurance solutions, and Protective Life Corporation (Protective), a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the results of the “2021 RIA Protected Accumulation + Retirement Income Survey”
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  • Second Quarter U.S. Annuity Sales Jump Nearly 40%
    Second Quarter U.S. Annuity Sales Jump Nearly 40%

    Marking the highest sales in more than a decade

    Total preliminary U.S. annuity sales were $67.9 billion in the second quarter, up 39% from second quarter 2020. Year-to-date, annuity sales were $129 billion, 23% higher than prior year, according to preliminary results from the Secure Retirement Institute® (SRI®) U.S. Individual Annuity Sales Survey.
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  • How Far Will Employees Go To Remain Remote?
    How Far Will Employees Go To Remain Remote?

    Some are willing to go as far as to give up benefits, PTO, & salary

    Remote work was an unknown when it started en masse in March 2020. Marred by Zoom difficulties, the first few weeks were rocky and unsettling for executives and employees alike. But people soon began to enjoy working from home.
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  • Companies Re-Evaluate Their Approach To Mobility
    Companies Re-Evaluate Their Approach To Mobility

    Countries continue to struggle with economic, political and health fall out from COVID-19

    COVID-19 continues to cause unparalleled disruption to international mobility, prompting companies to re-evaluate how they will manage a mobile workforce in a post-pandemic world.
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  • Competitive Pricing For Pension Risk Transfer Costs Increase To 100% In June
    Competitive Pricing For Pension Risk Transfer Costs Increase To 100% In June

    Plan sponsors must now monitor the annuity market

    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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  • 2021’s States With The Highest & Lowest Credit Card Debt
    2021’s States With The Highest & Lowest Credit Card Debt

    How deep are we?

    With Americans having started 2021 off with nearly $900 billion in credit-card debt, the personal-finance website WalletHub today released its report on the States with the Highest & Lowest Credit Card Debts, as well as accompanying videos and expert commentary.
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  • Economic Growth Seen Rising In Key Sectors
    Economic Growth Seen Rising In Key Sectors

    June gains reflect a ‘broad based’ improvement

    The Conference Board Leading Economic Index® (LEI) for the U.S. increased by 0.7 percent in June to 115.1 (2016 = 100), following a 1.2 percent increase in May and a 1.3 percent increase in April.
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  • Expecting Mothers Face Financial Trouble
    Expecting Mothers Face Financial Trouble

    Results of unpaid maternity leave without disability insurance include debt, delayed financial goals, and concerns about childhood development

    Pew Research found 82% of Americans believe mothers should receive paid maternity leave following the birth or adoption of their child. In reality, the most recent data from the U.S. Bureau of Labor Statistics reported just 17% of all U.S. workers have access to paid maternity or paternity leave.
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  • Generational Divide In Post-Pandemic Financial Confidence
    Generational Divide In Post-Pandemic Financial Confidence

    Millennials express more confidence in their long-term financial futures than their Gen X counterparts, though concerns about post-pandemic budgets linger

    The latest New York Life Wealth Watch survey revealed how Millennials are most concerned about post-pandemic budgets, but they express high levels of confidence in their long-term financial futures and retirement preparation. Gen Xers, conversely, are more confident about their short-term budgets but more uncertain about their financial futures.
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  • Plan Sponsors Increasingly Focused On Ways To Support Employees
    Plan Sponsors Increasingly Focused On Ways To Support Employees

    Plan sponsors continue to focus on improving participant outcomes with 88% making changes to their investment menus and 82% making changes to their plan designs in the past two years

    Fidelity Investments®, one of the industry’s most diversified and largest financial services companies, today announced the results of the 12th edition of its Plan Sponsor Attitudes Study, which revealed that in the midst of the COVID-19 pandemic, there was a heightened demand for advisor guidance and expertise as workplace retirement plan sponsors became increasingly focused…
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  • Empower To Acquire Prudential’s Full-Service Retirement Business
    Empower To Acquire Prudential’s Full-Service Retirement Business

    Acquisition of the full-service retirement plan recordkeeping and administration business will make up a total transaction value of $3.55 billion

    Empower Retirement and Prudential Financial, Inc. today announced they have entered into a definitive agreement for Empower to acquire Prudential’s full-service retirement business.
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  • Fighting Identity Theft On The College Campus
    Fighting Identity Theft On The College Campus

    Laying a path for life-long healthy financial practices

    As college students prepare to head back to campus in the next few weeks, fighting fraud may not be at the top of their list of priorities.
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