- Codifying Retirement Readiness
Prudential Retirement calls on the workplace to support savings at every life stage
Congress is making it easier for more workers to save for retirement and create lifetime income. As America Saves Week kicks off on Feb. 24, Prudential Financial, Inc. (NYSE: PRU) is supporting our government’s call for retirement readiness by amplifying the role of the workplace in financial wellness.
read more - Key Provisions of SECURE Act Projected to Reduce Retirement Deficit by More Than $100 Billion
Good news for workers currently aged 35-39
A new EBRI study finds that key provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) could reduce the U.S. retirement deficit by 3 percent or $115 billion for households between ages 35 and 64.
read more - Debt, Saving & Taxes
Can employers play a role in the management of student loan repayment?
More Americans say employers have a role in paying off student loans than providing for retirement in a new consumer mindset report by Hearts & Wallets. The Attitudes & Sentiment: Consumer Beliefs to Guide Strategic Decisions and New Product Development report examines consumer goals, sentiments, concerns and attitudes toward saving and investing.
read more - New Decade Promises Expansion and Diversification of Voluntary Benefits
In a competitive labor market, benefits become the great equalizer
The voluntary benefit industry is poised for accelerated expansion and increased adoption over the next decade as talent attraction and retention continue to be top priorities for employers, according to Trey Loughran, chief executive officer of Purchasing Power®, a voluntary benefit company that offers the leading employee purchase program.
read more - Unum Enhances Distribution Model to Better Serve Small Business Market
Advances the 'Small Business Consultant' Role
Employee benefits provider Unum (NYSE: UNM) today announced enhancements to its distribution model that will provide additional support to brokers and customers in the small business market. This multi-phased approach begins this quarter and will roll-out nationally throughout 2020.
read more - Moody’s – Coronavirus Outbreak Could Increase Demand But Disrupt Supply For US Healthcare Companies
While the primary is focus on the human risk, market is leery of reverberations
Spread of the coronavirus in China and beyond would have mixed credit implications for US healthcare companies, Moody's Investors Service says in a new report.
read more - Hedge Fund Industry Pivots towards ESG Investing
Is the traditional risk-reward equation being rewritten?
An increasing number of institutional investors are requiring their hedge fund managers to incorporate environmental, social and governance (ESG) factors in the course of their investment activities. Such investors now see ESG investing as serving their own long-term interest as much as those of wider society.
read more - Most Execs Expect 2020 To Be Equally Or More Profitable…
... Still, the biggest concern for most is an economic slowdown
Business leaders remain bullish about their businesses on several levels for 2020, including overall profitability. But they also have a real fear of a possible economic slowdown.
read more - Will New HealthCare Reimbursement Accounts Revolutionize The Group market?
Five things to know about ICHRA – health care’s latest acronym
by John Barkett
This year, employers will have a new option for providing employees access to health insurance — an individual coverage health reimbursement arrangement, also known as ICHRA (pronounced ‘ick-ra’). And while it’s been on the horizon since 2017, the final rule published in June 2019 now has employers wanting more information on what it could mean…
read more - How Individual Coverage Health Reimbursement Arrangements Put Healthcare In The Hands Of Employees
Willis Towers Watson introduces suite of services in support of ICHRAs
Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, announced today that they now offer individual coverage health reimbursement arrangement (ICHRA) solutions to existing and new employer clients through their employee Health Benefits Consulting and Administration businesses.
read more - MassMutual & CommonBond Launch Student Debt Refinancing to 2.6 Million People
MassMutual’s workplace offering, MapMyFinances, to offer student loan solutions from CommonBond
For millions of Americans looking to tackle student debt this year, Massachusetts Mutual Life Insurance Company (MassMutual®) is offering student loan refinancing through the workplace.
read more - Shaping Public Policy On Risk
Academy of Actuaries highlights risks and reform options for Social Security, Medicare
Leading up to Tuesday’s 2020 State of the Union message, the American Academy of Actuaries is highlighting the need for public policymakers to address significant financial risks and challenges facing federal programs such as Social Security, Medicare, as well as the National Flood Insurance Program (NFIP).
read more - New Variables in the Current Population Survey Lead to Improved Estimates of Retirement Plan Participation
Representing the most current data on retirement plan participation on a worker-level basis.
A new study from EBRI demonstrates the impact of new variables in the Current Population Survey (CPS) on the estimates of the percentage of workers who participate in an employment-based retirement plan. Prior EBRI publications on the CPS pointed out the reduced reliability of the CPS estimates after the survey redesign in 2014.
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