- Corporate Tax Rate Report
Which companies are paying the highest, and lowest?
With President Biden’s American Jobs Plan proposing increasing the corporate tax rate to 28%, the personal-finance website WalletHub today released its latest Corporate Tax Rate Report and expert commentary. The report provides an in-depth analysis of the 2020 federal, state and international tax rates paid by the S&P 100 companies, the largest and most established…
read more - U.S. Life Insurance Activity Returns To Year-Over-Year Growth
Growth remains strong YTD
U.S. life insurance application activity returned to growth in August 2021 compared to August 2020 with Year-over-Year (YOY) activity up +5.5%. While YOY comparisons are impacted by fluctuations in 2020 activity due to COVID, when comparing results to 2019, August 2021 is up +9.5%. The industry remains at growth on a YTD basis with 2021…
read more - Stark Inequality Through The Generations
How financial asset disparities undermine retirement security
The ownership of financial assets, much like the ownership of wealth broadly, is highly concentrated among Americans of high net worth. This stark inequality in the ownership of financial assets undermines the premise of a retirement system built around the individual ownership of financial assets in defined contribution (DC) accounts.
read more - Is Something Wrong With Your Social Security Benefits?
7 out of 10 Americans age 45+ doubt they will receive full Social Security benefits as promised
PlanGap, a product innovation company creating a new class of retirement insurance solutions, released the results of the 2021 Social Security Confidence Survey of 1,048 U.S. adults conducted online after the Social Security Board of Trustees released their Annual Report on August 31, 2021.
read more - EBRI, ICI Shed New Light On Target Date Funds
The vast majority of 401(k) participants hold a single, age-appropriate target date fund
According to a new joint report from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI), the popularity of target date funds has risen over time as both the percentage of 401(k) plans offering and the percentage of 401(k) participants investing in them have grown considerably.
read more - Opportunities For Enhanced Engagement In Group & Voluntary Benefits
Employee well-being is a healthy market opportunity for Group & Voluntary Benefits
by Denise Garth
Employee well-being is a healthy market opportunity for Group & Voluntary Benefits by Denise Garth Ms. Garth is senior vice-president of marketing for Majesco, industry consultants with over two decades of experience in providing technology solutions, products and services for the insurance industry across lines of business – Property & Casualty (General Insurance), Life, Annuity,…
read more - Target: Middle Market
Life insurers are looking for big things in small packages
The pandemic brought about some positive changes for life insurers, according to Sean Conrad, a vice president, actuary at Hannover Re. Lockdowns pushed the industry to step up its plans for automated efficiencies in underwriting and direct sales, he said. The result was uncovering a path to new customers—those who want term policies and a…
read more - CFP Professionals Shows Continued High Satisfaction With Their Career Choice
CFP certification proves to have a significantly positive impact on CFP professionals' careers
Certified Financial Planner Board of Standards, Inc. (CFP Board) today announced findings from a survey of CERTIFIED FINANCIAL PLANNER™ professionals indicating that they are overwhelmingly satisfied with their career choice as a financial planner, and that the CFP® certification has a positive impact on their career.
read more - 2021 Trustees’ Reports Reflect Actuarial Consideration Of The Pandemic’s Effects On Social Security & Medicare
Both Social Security and Medicare continue to face financial challenges
This year’s Social Security and Medicare trustees’ reports released on Aug. 31, 2021, offer actuarial analysis of the programs including the effects of the COVID-19 pandemic and the 2020 recession, the American Academy of Actuaries notes in two newly updated Essential Elements papers on Social Security and Medicare.
read more - High Support For Employee Financial Wellness Programs
Clear connections found between people's financial situations and their work experience
Companies across the US are becoming ever more aware of the need to raise financial wellness among their employees. Doing so has many advantages – from increased productivity to greater job satisfaction, to lower employee turnover.
read more - How To Leverage Talent In The YOLO Economy
In a trend called the “YOLO Economy,” highly skilled twenty- and thirty-somethings are leaving their jobs or seeking flexible work models that give them better work-life integration
The pandemic changed everything overnight, including the way skilled millennials want to work. After a year and a half of COVID anxiety and burnout, they are turning away from traditional well-paying jobs in pursuit of passion projects and pivoting to careers that let them live happier, more fulfilling lives now.
read more - Drivers Of 2022 Health Insurance Premium Changes
Issues surrounding the pandemic continue to be a consideration for rate setting
The American Academy of Actuaries has published an issue brief examining what’s driving changes in individual and small group markets health insurance rates that focuses on how the costs and effects of the COVID-19 pandemic are figuring into insurers’ proposed 2022 rates.
read more - Accumulation Of Financial Assets Racially Unequal
Growing economic inequality and changes to retirement structure further weaken middle class retirement security
A new report finds that economic inequality continues to grow, with Blacks and Hispanics owning only a sliver of financial assets. Even though the Gen X and Millennial generations are more diverse, whites continue to dominate when it comes to accumulating financial assets.
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