Illinois Mandates Workplace Retirement Plans

Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel Biss, above, co-sponsored the Secure Choice Savings Program Act.

Wells Fargo’s New Annuity Wagon

Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
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The Fed Sets Another Trap

"The Fed’s incrementalism of 2004-2006 was a policy blunder of epic proportions... The Fed seems poised to make a similar – and possibly even more serious – misstep in the current environment," writes the former chairman of Morgan Stanley Asia.

Illinois Mandates Workplace Retirement Plans

Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel Biss, above, co-sponsored the Secure Choice Savings Program Act.

High Valuations Carry a Cost: Prudential

"When rates rise, something always breaks. There’s no telling what asset class may start the ball rolling, but it can’t come as a surprise," said Quincy Krosby, a Prudential market strategist, at the firm's 2015 Global Economic and Retirement Outlook presentation.

U.S. seeks public comment on asset management risks

The Financial Security Oversight Council has decided to undertake a "more focused analysis of industry-wide products and activities to assess potential risks associated with the asset management industry."