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Pension finances were tricked by falling stock markets but treated by higher interest rates in October, a pattern repeated for three straight months now, producing modest declines for pension sponsors.
What’s the biggest problem facing most employers today? Recruiting and retaining talented employees is more challenging than ever, with 93% of companies concerned about retention.
Pension finances were mixed during September, as falling stock markets were largely offset by still higher interest rates.
On July 17, 2023, the Fourth Circuit Court of Appeals upheld a decision for defendant Aon in Reetz v. Aon Hewitt, finding among other things that a “sales pitch” to Lowe’s 401(k) plan fiduciaries of delegated fiduciary services by an Aon sales team did not constitute fiduciary advice. In this article we review the decision.
The third and fourth quarter are in full gear as slots are filling up and insurers are reaching capacity constraints. Plan Sponsors who would like to transact this year should connect with an annuity search firm immediately to achieve their de-risking goals.
What are employees looking for in today’s competitive job market? A retirement plan that stands out from the crowd. See how organizations can craft a plan that hinders turnover.