Employer

This past weekend President Obama discussed his "common sense" steps to reform and simplify the system of retirement savings in the United States. President Obama seeks to extend incentives and simplified savings vehicles to the 78 million Americans who do not have access to a retirement savings plan through their employer. Some of the President's proposed changes include: The ability to put unused leave time, sick pay and tax refunds directly into retirement savings accounts. Simplified 401k...

There is an increase in demand for financial planning services among employers. The planning services are paid for by the employer and are offered as a benefit to employees. Firms that offer the planning services such as Ernst and Young and PricewaterhouseCoopers have notices a significant uptick in their business. Business is up 20% from the previous year at E&Y and 25% at PWC. The financial crisis has likely been a catalyst for the increased demand as many employees are confused and...