- 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.
read more - 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”
read more - 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.
read more - 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.
read more - 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.
read more - 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…
read more - 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.
read more - Addressing Taxpayers Questions About The Child Tax Credit
Some of the changes made to the child tax credit are causing confusion and anxiety for many
The American Rescue Plan Act included changes to the child tax credit that were designed to benefit certain taxpayers; however, some of these changes are now causing confusion and anxiety for many.
read more - Buying A Home Steadily Shifting From Dream To Pipe Dream
American Millennials cite crushing student and medical debt, and the failure of wages to keep up with the cost of living as accelerators of this generational problem of unaffordable housing
Home Ownership: while it’s listed as the #2 dream item on their bucket list, the majority of American Millennials across the age span of 25 to 40 are finding it hard even to afford where they live, and nearly impossible to buy a home.
read more - 10 TEACHABLE & NON-TEACHABLE Skills Great Salespeople Must Possess
Some of the skills that power high-performing salespeople are innate, others must be learned
Are great salespeople born? Or are they made? It’s a question that confounds many sales managers desperate to hire and hone a winning team.
read more - The Future Of Money
Yes, Gen Z is buying, but how they are paying may surprise you
There’s no doubt that Gen Z is moving strongly ahead with their spending power and, as this generation comes into their own, brands need to deeply understand trends affecting this diverse, progressive group. In our ongoing Logica® Future of Money Study, we expand our sample with an augment of older Gen Zers (age 16-24) so…
read more - A Vision For Empowering Independent Agents
Building trust and creating resilience for small businesses in the future
Small businesses have a long road to recovery ahead. For some, it could take years to return to their pre-Covid baseline. Independent agents, with the inroads and infrastructure to connect small business owners, can play a vital role in quickening the recovery, building trust in the insurance industry, and creating resilience for small businesses in…
read more - After A Year Of Uncertainty The Value Of Professional Financial Advice Goes Up
Advisors are considered people's most trusted source for guidance
According to the latest findings from Northwestern Mutual's 2021 Planning & Progress Study, U.S. adults aged 18+ say financial advisors are the most trusted source for financial advice. This represents a reversal from 2020 findings when people said they trusted themselves most.
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