September 27, 2019

PERSONAL FINANCE, FINANCIAL WELLNESS, ANNUITIES, TAXES, CHARITY & FINANCIAL LITERACY

• Half of Retirees Afraid to Use Savings ; What Personality Says about Your Wealth
• Investors will need more than robo-advisors when bull market retreats ; Investors prefer human advice on charges and performance
• Social Media, Financial Literacy Bring in a New Generation of Investors
• The Consequences of Working Past Age 65 ; How retirees can check if they’re having enough taxes withheld ; I never thought I was rich enough for a financial planner, but I’m learning I couldn’t be more wrong
• How to start a nonprofit after you retire — from someone who did it
• My mother-in-law maxed out her credit cards and took out a reverse mortgage — how can we control her spending?  ; A 69-year-old who didn’t pay attention to his savings until 20 years before retirement shares the advice he’d give his younger self about preparing for the future; Lending cash to loved ones ends badly for nearly half of AmericansMortgage Applications, Refinances Down As Interest Rates RiseWhat to Look for When Buying an Annuity ; New York Regulators Send Income Annuity Exchange WarningToxic workplace cultures cost US businesses billions: SHRM

HEALTHCARE & WELLNESS

• Kaiser Permanente reaches tentative contract covering 85000 workers
• Amazon Takes Another Big Step Toward Getting Into Healthcare
• Walmart to offer employees low-cost education opportunities in healthcare
• Maryland insurers must follow new data breach rules: 4 things to know

TECH, MEDIA & SOCIAL MEDIA

• Sharp Questions Can Help Boards Oversee Cybersecurity
• Tech Sector Propels California’s Economy Faster than the Nation’s
• Fintech Lenders Could Hold the Keys to Recession Recovery
• JPMorgan donates $25M to get fintech in hands of underbanked
• Streaming Wars: Literally Everybody Is Striking Back Against Netflix
• Amazon Extends Alexa’s Reach Into Wearables

401k, 403b, 457b, NONQUALIFIED, STATE-RUN PLANS & LITIGATION

• Retirement System Problems Contribute to Financial Inequality
• Gig Workers Largely Miss Out On Employee Benefits ;Retirement Plan Sponsors Report Record 83% Participation Rate ; Top 10 fiduciary misconceptions among 401(k) plan sponsors
• IRS Weighs In on RMDs, Fees
• Guidance on missing plan participants: What you need to know
• Scorecard: College Retirement Plan Litigation Three Years Later; Managed Account Provider Dodges Fiduciary Breach Suit ; Invesco Wins Dismissal of High-Fee, Low-Return 401(k) Claims

PENSIONS

• Compelling Pension Proposition
• California’s pension debt cannot be ignored ; How will California fix its underfunded teacher pensions?
• My University is Dying ; Higher education funding among budget deals passed
• Pennsylvania’s failure to fully fund pensions leads to ‘D’ grade for state’s finances in report
• Unisys seeks to defer $115M in pension payments
• PepsiCo Is First Company to Beat Suit Over Stale Pension Data

INTERNATIONAL

• Committee recommends increase in volunteer firefighter pensions
• British Columbia proposes new funding framework for defined benefit pension plans
• Lack of venture capital investment hitting pension savings

MARKETS

• US consumer confidence falls in September, trade fears dominate
• US Gasoline Prices See Biggest Weekly Rise In Two Years
• ‘Investing in a simple index fund is immoral’ — why climate-change investing has been more talk than action Oil finishes lower as US supplies rise a second straight week and Saudi output recoversWhy would a central bank want negative interest rates? ; China in no rush to follow global interest rate cuts, central bank governor says
• EU watches Brexit saga in Britain with bewilderment
• More plaintiffs opting out of class-action settlements to pursue their own – report

ALTERNATIVE INVESTMENTS

• Investors Have Pulled $63 Billion From Hedge Funds This Year  ; Hedge fund redemptions continue in August, but Less Widespread ; Texas’ ERS eyes hedge fund start-ups
• Experts warn SEC about perils of loosening private offering rules ; SEC exploring private equity in 401(k) plans
• Funding for China’s private equity market falls by a third  
• Wells Fargo Plans to Pilot Its Own Cryptocurrency: Here’s Why ; Cryptocurrency’s stumble may set up a huge fall
• What Family Offices Need To Know For 2020 And Beyond