Client Service March 26th, 2024 BlackRock’s Fink Calls for Retirement System Rethink in Annual Letter The CEO makes the case that, as populations age and people live longer, the need to build retirement savings ‘has...
Client Service March 26th, 2024 Advisers Giving Back: Mike Devlin and the Village of Tanyigbe A pension risk consultant’s volunteer trip to Africa turned into an impactful project for a small village in Ghana—and a...
Compliance March 25th, 2024 DOL Defends ESG Rule Against 5th Circuit Appeal The challenge to the DOL’s ESG rule continues at the appellate level.
Data & Research March 25th, 2024 Millennials, Gen Z Triple Financial Wealth Since 2019 Financial assets of the two generations have grown to almost $6 trillion in 2022 from $2 trillion in 2019.
Deals & People March 25th, 2024 Advisory M&A News – 3/25/24 Kingswood, Wentworth announce merger to form Binah Capital Group; Osaic adds Father/Daughter Duo; OneDigital acquires Creative Business Resources.
Deals & People March 25th, 2024 Former Fidelity Private Wealth Head Joins Empower’s Wealth Division Roger Hobby was hired by Empower to a senior role in its recently rebranded consumer wealth division; he is the...
Compliance March 25th, 2024 Judge Rules for Molina, flexPATH in ERISA Case The District Court judge cited broad indexes as the appropriate benchmarks for plan TDFs in a ruling expected to be...
Compliance March 22nd, 2024 4 Bipartisan Bills Would Restrict Investment in China They would ban Chinese securities in index funds and tax gains from them as income.
Deals & People March 22nd, 2024 Retirement Industry People Moves – 3/22/24 The Retirement Advantage expands consulting team; Pantheon announces leadership succession plan; Noble appoints Johnson head of global client solutions; and more.
Data & Research March 22nd, 2024 Race, Gender Disparities Still Evident in Retirement Account Balances Even when accounting for salary and tenure, the gap still exists.
Data & Research March 22nd, 2024 HSA Balances See Upward Trend, Despite Increase Healthcare Spending Recent EBRI data reveal a rising average in health savings account balances, despite employees frequently using them for short-term spending.
Compliance March 21st, 2024 Social Security Administration to Relax Overpayment Clawback Rules SSA Commissioner Martin O’Malley also laid out the agency’s customer service issues.
Products March 21st, 2024 Product and Service Launches – 3/21/24 Nuveen distributes annuity to empower DC plans; Navia partnership launches custom 401(k) plans; Harford Funds expands ETFs; and more.
Data & Research March 21st, 2024 Frequent Contact, Plan Knowledge Can Help Advisers Earn Business A YCharts survey studied how to attract and retain new clients, noting respondents’ preference for extensive communication.
Client Service March 21st, 2024 Empower Announces Suite of Guaranteed Income Solutions For Retirement Plans Empower plans to distribute the four new offerings through advisers and consultants.
Compliance March 21st, 2024 Managing Fiduciary Conflicts in the Age of Convergence ERISA expert David Kaleda discusses what the DOL’s proposed Retirement Security Rule may mean for retirement and wealth management firms.
Compliance March 20th, 2024 GOP Proposes Bills to Require Longer SEC Comment Periods, Overturn Private Funds Adviser Rule Introduced in the House of Representatives, a bill to invalidate the private funds adviser rule would be unlikely to pass...
Compliance March 20th, 2024 2nd Lawsuit Filed Against AT&T Over PRT Deal In two different cases, AT&T faces renewed scrutiny regarding a pension risk transfer arrangement made with Athene, while a lawsuit...
Products March 19th, 2024 Product Partnerships – 3/19/24 Aspida and Flourish partner to distribute Aspida annuities; Capitalize to power rollovers for Ellevest clients; Orion and CAIS expand alternatives...
Compliance March 19th, 2024 What Market Abuses Are DOL’s Fiduciary Proposal Supposed to Prevent? Supporters of the proposal say regulations are essential to protect retirement savers from conflicted advice.