Deals & People October 10th, 2024 Munnell to Step Down as Head of BC Retirement Research Center Alicia Munnell founded the center 26 years ago and will remain a senior adviser; Andrew Eschtruth, deputy director, will step...
Client Service October 10th, 2024 Social Security Raises Benefit by 2.5% for 2025 The boost is lower than last year because inflation has cooled; meanwhile, the consumer price index rose by 0.2%, slightly...
Compliance October 10th, 2024 Fidelity Data Breach Exposed Info of 77,000 Clients The August hack did not provide direct access to users’ accounting, according to a security breach filing.
Deals & People October 9th, 2024 Cetera to Acquire $16B RIA From Insurer For the fourth time in five years, Cetera makes a deal with an insurance and annuity provider—this time Protective Life—to...
Deals & People October 9th, 2024 Online IRA Rollover Firm PensionBee Enters US Market Romi Savova, the company’s founder and CEO, sees a consumer market rife for disruption and has a deal with State...
Data & Research October 9th, 2024 Decline Reported in Financial Inclusion Initiatives Larger businesses saw significant decreases in financially inclusive measures, according to an annual financial inclusion study by Principal Financial Group.
Practice Management October 9th, 2024 Asset Managers Exploring Fresh Avenues to Bring Alts Into DC Plans Per Cerulli, asset managers are leveraging CITs and interval funds to try and get into DC plans; an adviser sees...
Data & Research October 9th, 2024 Auto-IRAs May Need Better Emergency Withdrawal Comms A study by Boston College researchers finds state auto-IRA savers may not know how flexible the accounts can be.
Data & Research October 8th, 2024 Having a Plan Can Help Employees Navigate Open Enrollment New Corebridge research highlights the positive effect plan advisers and sponsors can have by prompting participants to plan out their...
Data & Research October 8th, 2024 401(k) Traders Shifting to Fixed Income There is a ‘rebalancing’ happening after four consecutive quarters of a lean toward equity investing, according to Alight data.
Deals & People October 7th, 2024 Advisory M&A News – 10/7/24 Hub International acquires Creative Financial Strategies; Mercer Advisors adds two advisory groups; and UBS hires $400 million financial adviser team.
Compliance October 7th, 2024 Supreme Court to Review ERISA Prohibited Transactions A case brought in 2016 against Cornell University will be reviewed for how strictly the courts should read ERISA on...
Data & Research October 7th, 2024 Who Is Most at Risk for Retirement Savings Shortfall? Our final PLANADVISER In-Depth story on the state of retirement in the U.S. considers the groups most at risk for...
Compliance October 4th, 2024 Treasury, IRS Issue Part-Time Eligibility Guidelines for ERISA 403(b) Plans The guidance clarifies exclusions that prevent certain part-time employees from contributing to a plan.
Deals & People October 4th, 2024 Retirement Industry People Moves – 10/4/24 ICI promotes Antoniewicz to chief economist; T. Rowe Price names Thomson head of new investment institute; Nationwide hires East Coast...