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...Instead, employers offered to match their workers’ contributions to a slate of mutual funds inside a tax-advantaged retirement plan, usually known as a 401(k) after the relevant section of the tax code....
...While a number of big asset managers offer robo-advisers to retail clients, NextCapital is unusual in that it provides services within 401(k) plans....
...“We must keep our eyes on the prize, which is the real economy,” says the global head of sustainability at Franklin Templeton, the asset manager....
...Templeton, Invesco, Janus Henderson, Schroders and State Street....
...“The stakes are enormous,” says Doug O’Rear, co-founder of OnTrack 401(k), a retirement plan advisory group....
...But there is another barrier for those who use company-provided 401(k) plans....
...Participants in 401(k) DC plans are “generally well protected”, Ms Wagner says....
...Asset managers such as American Century, Franklin Templeton, Neuberger Berman and Putnam are among those fighting such lawsuits....
...There have been similar suits at Franklin Templeton, New York Life Insurance, American Century and Neuberger Berman. And a $150m class action suit has been lodged against Morgan Stanley....
...In May, Delta Air Lines employees filed a suit against their 401(k) plan provider, Fidelity Investments....
...” plans like the US 401(k)....
...Groups such as Franklin Templeton Investments, Toscafund Asset Management, Neuberger Berman Europe and UK wealth manager Brewin Dolphin face being axed as signatories of the code if they fail to improve...
...The biggest winner was Franklin Templeton, the emerging markets-focused house, whose share price jumped more than 12 per cent on Wednesday....
...In the US where the “401(k)” pension plans offered to baby boomers have had disappointing returns, many reach 65 without sufficient savings and have no choice but to keep working....
...Consider definedcontribution retirement plans like 401(k)s....
...Personal Capital’s platform allows users to connect all their accounts, including bank deposits, brokerages and 401(k) pension plans, with credit cards, mortgages and car loans....
...It is expected that the new rules will push 401(k) plan providers to compete much more on price. Meanwhile, fund groups are finding the cost of doing business continues to climb....
...Jaya Prakash K, head of products at Franklin Templeton Investments India, says many investors still see mutual funds as short term investments and are discouraged by the lock-in fees his house charges on...
...The robustness of the US retirement system has come under close scrutiny since the financial crisis crushed the value of many so-called “defined contribution” pension plans such as 401(k)s, which invested...
...(k) savings plans....
...Companies that close their DB plan usually offer new employees a defined contribution plan, also called a 401(k) plan. That tactic is mired in problems, lawmakers said....
...Greg Mankiw, chairman of the Council of Economic Advisers, said in a speech this month that individual retirement accounts and 401(k) tax-favoured retirement savings vehicles - and the reductions in taxes...
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