Tagged: retirement

US Department of Labor Softens Tone on Crypto in Retirement Accounts

Last week, the US Department of Labor’s Employee Benefits Security Administration rescinded a 2022 compliance release that discouraged fiduciaries from including cryptocurrency options in 401(k) retirement plans. This was part of a broader attack on the digital asset sector during the Biden Administration. In the… Read More

PensionBee Finds Public Support for Shareholder Resolution Urging Meta to Address Concerns over How it Uses Personal Data

PensionBee, a UK firm focused on the consumer retirement market, has found significant public support for a shareholder resolution urging Meta to address growing concerns over “how it uses personal data to power its AI systems.” The poll found that more than 50% of respondents… Read More

Empower Introduces Private Market Investments Program for Defined Contribution Retirement Plans

In a move aimed at expanding investment opportunities for retirement plan participants, Empower is announcing a program that will pave the way for private market investments to be included within defined contribution retirement plans. Empower has reportedly aligned “with private investments fund managers and custodians,… Read More

UK’s PensionBee Shares Response to DWP’s Small Pots Delivery Group Report

UK’s PensionBee, a firm focused on the consumer retirement market, has issued a statement following the release of the Department for Work and Pensions’ Small Pots Delivery Group’s report, which lays out a clear framework for “consolidating small pension pots.” Lisa Picardo, Chief Business Officer… Read More

Pension Confidence Surges But Challenges for Younger UK Savers Persist – PensionBee Research

Confidence in retirement prospects among Brits surged in 2024, according to PensionBee’s Pension Confidence Index highlighting a “substantial” shift in public sentiment. The Pension Confidence Indicator jumped from -10 in December 2023 to +29 in December 2024 reflecting “growing optimism overall about financial futures.” But the data… Read More

Independent Advisor Solutions Teams Up with Alternative Assets Firm Apollo

Independent Advisor Solutions Inc. —a wholly owned subsidiary of Wellington-Altus Financial Inc. —is pleased to announce a retail partnership with Apollo (NYSE: APO), a provider of alternative assets and retirement solutions. This latest collab aims to reinforce Independent Advisor Solutions’ dedication to forming deep relationships… Read More

UK’s Online Pension Provider PensionBee Marks 10th Year of Operations

PensionBee, a firm focused on the consumer retirement market, is marking its 10th year of operations, which includes a decade of innovation, growth and impact in the pensions industry. Established back in December of 2014 to help tackle “outdated” pension systems – and with an… Read More

Majority of US Workers Face Serious Financial Anxieties – Betterment at Work Research Study

Betterment at Work, a provider of modern, scalable 401(k)s for growing businesses, released the fourth installment of its annual survey on the state of retirement readiness and financial benefits across the U.S. workforce. Betterment’s 2024 Retirement Readiness Report, which examines data from 1,000 full-time U.S…. Read More

UK’s PensionBee Research Study: Automatic Enrollment Extension May Hand Student Workers a £5K Pension Boost

Student workers could add thousands of pounds to their pension if the Government presses ahead with the extension of automatic enrolment to 18-year-olds, according to new research from PensionBee, the online pension provider. More than half of full-time students “work an average of 14.5 hours… Read More

Alpaca Broker API Now Supports IRA Accounts

Alpaca explains in a blog post that individual retirement arrangements (IRAs) are tax advantaged retirement accounts available for individuals earning income in the U.S. These accounts offer significant tax benefits which “incentivize individuals to save long term for retirement.” These associated incentives often lead to… Read More

TIAA Partners with Accenture to Enable Transformation of its Retirement Recordkeeping

TIAA, which claims to be the largest U.S. provider of lifetime income, announced a strategic partnership with Accenture (NYSE: ACN) to accelerate the transformation of TIAA’s retirement recordkeeping capabilities and operations. The agreement capitalizes on the strengths of “both organizations to provide next-generation technologies and… Read More

UK Consumers’ Confidence in Retirement Prospects Continues to Rise: PensionBee Pension Confidence Index

Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index. The Pension Confidence Indicator score “surged to +30 immediately following the General Election, up from +22 in March 2024 and significantly higher than -10 in December 2023 and -9… Read More

Jarvis, a Pension Fintech, Announces £1.8 Million in Seed Funding

Jarvis, a pension fintech that empowers employees to plan for their ideal retirement actively, has raised £1.8 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund. The investment will support growth and product… Read More

Robinhood Markets and IVMF Provide Retirement Education to Veteran Entrepreneurs

Robinhood Markets, Inc. (NASDAQ: HOOD) has partnered with Syracuse University’s D’Aniello Institute for Veterans and Military Families (IVMF) in order to bring retirement education workshops to entrepreneurs across the U.S. Robinhood says that they are honored to partner with an organization “helping veterans and veteran… Read More

NewRetirement Reportedly Secures $20M via Series A to Boost Access to Financial Planning

NewRetirement, a comprehensive, digital-first financial planning platform for consumers and enterprise partners, announced that it has closed its Series A round with $20 million in funding. The funding round was “led by Allegis Capital and joined by Ulu Ventures, Nationwide Ventures, Fin Capital, Frontier Venture… Read More

US Is Facing Retirement Crisis: 56 Million Privately Employed Americans Lack Access to Savings Programs via Employers – Report Claims

Betterment at Work, a provider of modern financial benefits for today’s diverse workforce, today released a new survey on the state of retirement readiness across the U.S. workforce. The report, which tracks year-over-year trends “from 2022, polled 1,000 full-time U.S. employees to examine how retirement… Read More

£300K in Pension Wealth May Be Accumulated by Making Early Contributions to Accounts, PensionBee Research Claims

Parents could help provide more than £300,000 in pension wealth for their kids by the time they reach retirement age “by contributing to their child’s pension from the age of 18,” according to new research shared by PensionBee. As concern grows around the sustainability of… Read More

UK’s Standard Life Teams Up with Moneyhub, the Open Banking Platform, to Provide Pensions Dashboard

Standard Life, part of Phoenix Group, which claims to be the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a… Read More

Unstable Financial Markets Have US Consumers Keeping Close Eye on Retirement Accounts via Fintech Apps – Report

The unstable financial markets in the United States during the past few years have people keeping a wary eye on their retirement accounts and, increasingly, they are doing so via mobile apps, the team at J.D. Power notes. According to the J.D. Power 2023 U.S…. Read More

UK’s PensionBee Claims that Half of Retirees Might Lose Out Due to Low Interest Savings Accounts

At least half of retirees could be missing out on hundreds of pounds of interest each year through “keeping their savings in accounts with rates of 3% or less a year,” according to new research. As high street banks have come under fire for failing… Read More

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