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Requiring Auto-Enrollment: Lessons from UK Retirement Plans
Headline: Requiring Auto-Enrollment: Lessons from UK Retirement Plans
Publication: Center for Retirement Research at Boston College
Article Date: Mar 2019
A new brief from the Center for Retirement Research at Boston College summarizes the results of two recent studies on the United Kingdom reform that rolled out private sector auto-enrollment in a retirement plan, with the ability to opt out. “The UK experience provides a unique opportunity to evaluate the effectiveness of such a wide-scale policy on plan participation and saving.” Read brief…
Editorial: Congress Should Guarantee A Retirement Plan For All
Headline: Editorial: Congress Should Guarantee A Retirement Plan For All
Publication: Insurance News Net
Article Date: Apr 28, 2019
“Congress consistently has punted on resolving long-term problems in the crucial retirement-related programs Social Security and Medicare. But it is moving in a bipartisan way to improve workers’ access to quality private sector retirement plans.” Read editorial…
Morgan Stanley to pay $150 million to settle California pension funds’ claims
Headline: Morgan Stanley to pay $150 million to settle California pension funds’ claims
Publication: Pensions & Investments
Article Date: Apr 25, 2019
“The California attorney general’s office announced it has made a $150 million settlement with Morgan Stanley (MS) for misleading investors regarding the risk of mortgage-backed securities.” Read article…
401(k)s will be considered unthinkable 50 years from now
Headline: 401(k)s will be considered unthinkable 50 years from now
Publication: Vox
Article Date: Apr 3, 2019
“How much money do you have saved in your 401(k)? In 50 years, no one will ask. Even better, no one will have to provide the usual answer: way too little.” Read article…
Court dismisses challenge to CalSavers Secure Choice program
Headline: Court dismisses challenge to CalSavers Secure Choice program
Publication: Pensions & Investments
Article Date: Apr 1, 2019
“A U.S. District Court in California dismissed a lawsuit challenging CalSavers Retirement Savings program. The CalSavers program is a defined contribution plan for private-sector workers in California who do not have access to a retirement plan sponsored by their employers.” Read article…