Practice Management May 1st, 2023 Why More Advisers Are Assuming 3(38) Role, Responsibility The fiduciary model that puts plan investment decisions in advisers’ hands offers expertise and streamlining, industry experts say.
The Markets May 1st, 2023 CITs May Be the New Mutual Funds of DC Plans: Have They Earned It? Low-fee collective investment trusts, already popular among large plan sponsors, may be moving down-market to smaller plans.
Data & Research May 1st, 2023 Can Employers Help Americans Struggling to Save Amid Inflation? More than 20% of U.S. workers made reported borrowing from their retirement savings in 2022, according to FinFit.
Compliance April 29th, 2023 Judge Dismisses Excessive Fee Complaint Against HR Firm TriNet The 2020 retirement lawsuit alleged that the plan committee did not properly monitor recordkeeper and investing fees.
Deals & People April 28th, 2023 Retirement Industry People Moves Marathon Asset Management adds Boyle as managing director; Fiduciary Trust announces Queler as head of wealth management; and more.
Compliance April 28th, 2023 House Committee Unanimously Approves Bill Requiring SEC to Study Size Cutoff for Advisory Firms The Small Entity Update Act requires the SEC to revisit the ‘small entity’ definition of advisory firms every five years.
Data & Research April 28th, 2023 EBRI Finds Inflation Eroding Retirement Confidence It's the biggest drop in retirement confidence since the 2008 Global Financial Crisis, according to the research institute.
In Practice April 27th, 2023 Morningstar Introduces AI Adviser to Aid Evolving Investors Artificial Intelligence could play a role in scaling investment advice and decisionmaking.
Compliance April 27th, 2023 GOP Budget Plan Calls For Spending Cuts That Would Include Social Security Administration The bill that passed the House yesterday would threaten delays in Social Security payments, according to an industry lobby group.
Data & Research April 27th, 2023 Black, Latino Workers Lag Behind in Retirement Saving A Voya study finds added financial challenges reduce plan participation, savings rate and average balances for Black and Latino employees.
Products April 27th, 2023 Investment Product and Services Launch Nationwide adds in-plan guarantee for managed accounts; Alto announces capital-raising platform to tap IRA Funds; and more.
Deals & People April 26th, 2023 Our 2023 PLANADVISER Vision Award Winners The CFP Board and Kelli Hueler of Hueler Income Solutions are this year’s winners of the PLANADVISER Vision Awards.
Compliance April 26th, 2023 DCIIA Publishes Guide to Fiduciary Models The report educates plan sponsors on distinctions between 3(16), 3(21) and 3(38) fiduciaries.
Compliance April 26th, 2023 Senate HELP Committee Advances Su’s Nomination on Partisan Lines No floor vote has been scheduled for the confirmation of the acting Secretary of Labor, who faces Republican opposition.
Products April 26th, 2023 Adviser Product Partnerships Morningstar Wealth expands U.S. Wealth Platform; OneDigital and Pontera announce partnership; and more.
In Practice April 26th, 2023 Altruist Pitches Tech, Personalization to Advisers According to the financial tech custodian’s head of investing, RIAs are shifting more into ‘holistic’ needs, including retirement saving.
In Practice April 26th, 2023 Disability-Affected Individuals Need Better Retirement Preparation Among disability-affected retirees, 61% said they did not save enough for retirement, and a new EBRI report lays out ways...
Products April 25th, 2023 Smart Retirement Launches PEP with Transamerica The new pooled employer plan has gotten early interest from plan sponsors, according to Smart.
In Practice April 25th, 2023 A Three-Step Plan for Employers to Encourage Financial Wellness For April’s National Financial Capability Month, the head of retirement services at Corebridge Financial suggests understanding, engaging and taking action...
In Practice April 25th, 2023 HSA Admin: Avoiding ERISA Status While Still Providing a Strong Benefit Experts discuss the proper health savings account administration to stay complaint at the 2023 PLANADVISER/PLANSPONSOR HSA Conference.