BFSLC Industry News
Governor Patrick's trade mission to Brazil
The Boston Financial Services Leadership Council helped coordinate the financial services agenda for Governor Patrick's 2011 trade mission to Brazil.
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Federal tax reform needs to make saving for retirement easier
Op-Ed on preserving incentives for retirement savings by William Guenther and James Brett of The New England Council originally appearing in the Boston Business Journal.
To read full commentary, click here
US Retirement Policy Roundtable Presentation by Dallas Salisbury on April 27, 2011 hosted by Putnam Investments
To watch a video of this presentation, click here.
Retirement Series Forum--A conversation with Dallas Salisbury
Summary of roundtable presentation: Tax deferral or expenditure? Retirement savings get dragged into federal budget debate
To read the full summary, click here.
Employer Groups and Council urge Congress to support tax deferrals that enable working families to save for their retirements
The Boston Financial Services Leadership Council, together with The New England Council and Associated Industries of Massachusetts, today urged Congress to sustain and extend tax policies that enable workers to save for retirement and encourage companies to offer on-the-job retirement savings plans. The joint statement stressed the vital role that retirement savings tax deferrals play – helping tens of millions of working Americans to prepare for successful retirements.
To read the full story, click here.
Auto-Enrollment Plans Making Impact
The Employee Benefit Research Institute predicts that a large number of Baby Boomers will find themselves under financial duress in the early years of their retirement. According to the Institute’s recently released study, nearly half of “early” Boomers will struggle to afford basic necessities such as food and health insurance. Despite the troubling forecast, the number of “retirement ready” Americans has increased since 2003 due to an expansion of auto-enrollment plans. The EBRI identified the length of time an employee has been enrolled in a 401(k) plan as the best predictor of retirement income security.
To download the full report, click here.