Products August 11th, 2023 The Standard Adds PEPs, Auto Step-Up Savings, Other Recordkeeper Services The retirement provider, which acquired Securian Financial’s $17 billion recordkeeping business last year, announced seven new features and products.
Compliance August 11th, 2023 Live Nation 401(k) Plan Escapes Class Suit, Moves to Arbitration A federal judge in California ruled for Live Nation in a motion to move the case to arbitration.
Compliance August 11th, 2023 DOL Seeks Comment on Select SECURE 2.0 Enactments From PEPs to emergency savings accounts, the DOL’s EBSA is welcoming input on changes and revisions to retirement plan administration.
Deals & People August 11th, 2023 Retirement Industry People Moves Newfront hires Sakata, Nelson to retirement services team; Bartlett joins Choreo as SVP of advisers; startup AdvisorCheck taps former RIA...
Compliance August 11th, 2023 NYC Pension Funds File to Dismiss ESG-Related Lawsuit Attorneys are seeking to dismiss allegations that retirement funds were jeopardized due to divestment from securities of fossil fuel companies....
Compliance August 10th, 2023 ERISA Complaint Against AT&T Returned for Review by Appeals Court A complaint alleging AT&T’s benefits committee failed to properly report brokerage commission paid to Fidelity has been remanded back to...
In Practice August 10th, 2023 New Fiducient Advisors CEO Sees Financial Wellness as Key Focus Area Sabrina Bailey says she is going back to ‘true roots’ of shaping investing and retirement outcomes for end clients.
The Markets August 10th, 2023 Robinhood IRA Nears $1B, Planning Further Retirement Push The stock trading platform’s IRA with 1% match nears milestone after less than one year while CEO announces 3% IRA...
The Markets August 10th, 2023 Investment Product and Service Launches Nationwide and MassMutual team up on advisory annuities; Integrity launches AI-driven tech for agents and clients; NewEdge debuts investment platform...
In Practice August 9th, 2023 Empower Workplace Assets Rise 13% Through Q2, Personal Wealth Jumps 28% CEO Ed Murphy says rollover capture also increased year-over-year in the quarter for assets with an average of about $100,000.
The Markets August 9th, 2023 Vanguard, J.P. Morgan, BlackRock Lead Fund Flows in First Half Vanguard and BlackRock saw gains from passive mutual fund and ETF management, with JP Morgan gaining on active, according to...
In Practice August 9th, 2023 Smaller Plan Sponsors More Likely to Default to TDF that Moves to Managed Accounts A hybrid QDIA solution that transfers participants from a TDF into a managed account can be a hard sell, say...
Compliance August 9th, 2023 New SEC Cybersecurity Rule a ‘Business Problem,’ Not Just IT or Legal, According to Experts The new disclosure requirements for public companies will require time and resources to meet cybersecurity needs.
Data & Research August 8th, 2023 BofA: Hardship Withdrawals Up 36% As More Prioritize Short-Term Needs Distributions were down and hardship withdrawals were up, though overall saving rates remained steady, according to the bank’s latest participant...
Compliance August 8th, 2023 New 401(k) Litigators Use ‘More Credible’ Tactics in First Half of ‘23 Euclid Fiduciary’s mid-year litigation report finds fewer filings, as plaintiff law firms catch up on ’22, but new entrants using...
Compliance August 8th, 2023 SEC Charges Wells, BNP, Others With Electronic Communications Misuse 11 Wall Street firms admit wrongdoing and agree to pay $289 million in fees for improperly using messaging systems like...
Products August 8th, 2023 TIAA’s Nuveen Launches TDF With Embedded Guaranteed Income Annuity The new series aims to bring 'pension-like' income options to participants, according to Nuveen's retirement investing head.
Compliance August 7th, 2023 Pension Risk Transfers in No Need of Overhaul, Insurance Executives Say Minor changes, such as requiring pensions to consider cybersecurity before selecting an annuity provider, could be positive, however.
Columnists August 7th, 2023 How to Best Protect Workers’ Retirement Savings Plan sponsors can utilize 401(k) loan insurance to maximize the power of automatic portability and protect workers’ savings, according to...
Deals & People August 7th, 2023 Advisory M&A Ameriprise adds 3 teams worth total of $1.1B in client assets; Mercer Advisors Snags Texas-based $680M wealth advisory; Cetera adds...