Products February 9th, 2023 Investment Service & Product Launches Equitable expands variable universal life portfolio; First Trust offers alternative assets-based ETFs; and more.
Compliance February 9th, 2023 Microsoft Escapes Retirement Plan TDF Suit One of a string of lawsuits filed against companies that put retirement savers into a BlackRock TDF suite was dismissed...
Data & Research February 9th, 2023 Survey of LGBTQ Workers Finds Lower Satisfaction With Work Benefits LGBTQ and non-LGBTQ workers have broadly similar interests in terms of benefits, but there may be an access gap, EBRI...
In Practice February 8th, 2023 Panel: False Ideas About Financial Advisement May Be Limiting Diversity A panel of financial professionals said misunderstandings about educational requirements or beliefs that the industry does not serve all communities...
Deals & People February 8th, 2023 DC Investment Providers Russell, Invesco, Name New CEOs Zach Buchwald arrives at Russell from BlackRock, while Invesco promotes Andrew Schlossberg from managing director role.
Data & Research February 8th, 2023 Retirement Savers Held Course in 2022 Despite 401(k) Declines The latest retirement plan participant tracking from Vanguard and Bank of America show retirement savers’ resilience last year.
Compliance February 8th, 2023 Biden “Won’t Let” Republicans Cut Social Security In the State of the Union address, Biden commits to protecting Social Security and Medicare from cuts to address the...
Products February 8th, 2023 Voya Saw 10% Growth in Managed Accounts in 2022 Participants held steady elsewhere, but Voya credits uptick to enrollment campaigns, new plan features and free trials.
Compliance February 8th, 2023 Trade Groups Push Back on SEC Recordkeeping ‘Sweep’ Investment associations say in a letter that the SEC is exceeding its authority by asking to access all off-channel business...
Compliance February 7th, 2023 DOL Secretary Walsh Reportedly Leading Candidate to Helm NHL Players’ Association The approval of Walsh to head the NHLPA is considered a “formality.”
Deals & People February 7th, 2023 OneDigital Acquires $500M Florida Retirement and Wealth Management Shop The Florida Pension Group is OneDigital’s seventh such partnership in 12 months as it expands its retirement-linked wealth management capabilities.
In Practice February 7th, 2023 Financial Sector Faces Growing Return-to-Work Gender Gap New research among financial service and insurance companies reveals women’s careers are more at risk as workplace flexibility begins to...
Deals & People February 6th, 2023 Advisory M&A Cetera Financial Group broke adviser recruiting record in 2022; Advisor Group added 1,800 advisers representing $84.2B in client assets in...
In Practice February 4th, 2023 Investment Firms With $11.2 Trillion AUM Sign CFA Diversity Code Over 100 investing firms including Callan, Northern Trust Asset Management, and Nuveen pledged to boost DEI and track their progress.
Deals & People February 3rd, 2023 PE Firm LMP Invests in Retirement Services Provider Definiti LMP’s majority stake in the retirement administrator and recordkeeper will fund strategies including “aggressive” strategic acquisition.
Deals & People February 3rd, 2023 Retirement Industry People Moves U.S. Bancorp Asset Management picks Jim Link to head OCIO Unit; Marshberry adds Madore as financial advisory VP; and more.
Products February 2nd, 2023 Investment Product and Service Launches AllianzIM launches 2 buffered ETFs that hedge S&P 500 exposure; Capital Group releases 12 active-passive model portfolios; eMoney Advisor releases...
Compliance February 2nd, 2023 Federal Magistrate Judge Recommends Dismissal of ERISA Case Against Dish Network The plaintiffs have 14 days to resubmit and restate their claim in the excessive-fee case.
The Markets February 2nd, 2023 Advisers Anticipate Difficult Investment Year in 2023 A recent survey of U.S.-based financial advisers revealed they expect elevated volatility in 2023 and will position their clients more...
In Practice February 2nd, 2023 Many Providers Are Prioritizing Participant Financial Advice in 2023 Advisory shops and providers are launching new workplace programs, updating others and sometimes bypassing the plan sponsor altogether to reach...