Deals & People December 30th, 2022 Retirement Industry People Moves OneAmerica names new CIO; Colony Group expands Boston footprint; Commonwealth Financial takes on Indiana advisory; and more.
Compliance December 30th, 2022 Biden Signs SECURE 2.0 Into Law The retirement reform legislation is now officially passed, with widespread industry support.
Compliance December 30th, 2022 Advisers, Lobbyists, and Service Providers Respond to SEC Outsourcing Proposal Some call for the SEC to drop the proposal; others want clarity on which outsourcing duties should be vetted; and...
Products December 29th, 2022 Investment Service and Product Launches Fintech Save starts ESG-focused savings program; ConsumerTrack now officially GoBankingRates; Bitget launches new crypto trading platform; and more.
Compliance December 29th, 2022 What Does SECURE 2.0 Mean For 403(b) Plans? Experts weigh in on how SECURE 2.0 may make 403(b) plans operate more like 401(k)s, including being able to participate...
Compliance December 28th, 2022 Swing Pricing Proposal Comment Period Remains Open Until Early February The proposal has been met with criticism from those in the retirement industry.
In Practice December 28th, 2022 Financial Advisers Increasingly Land Clients Through Social Media 41% of advisers told Broadridge they generated clients through social media, up from 34% in 2019.
Compliance December 28th, 2022 BNY Mellon Dismissed, Alight, Colgate-Palmolive Remain in Retirement Theft Lawsuit A District Court judge dismissed BNY Mellon from an ERISA lawsuit, leaving defendants Alight Solutions and the Colgate-Palmolive employee relations...
Compliance December 27th, 2022 How Does One Implement a Student Loan Matching Benefit? SECURE 2.0 allows sponsors to offer retirement matching contributions for participant student loan payments.
The Markets December 23rd, 2022 Market Nostradamus Doll Goes 7.5 for 10 in 2022 Predictions The Crossmark investment leader’s self-evaluation turned up a passing grade for a rocky, and historic, 2022 in the markets.
Compliance December 23rd, 2022 Congress Passes SECURE 2.0, Forwarding Second Major Retirement Reform in Three Years The passage of sweeping policy to increase retirement saving among Americans now awaits presidential signature.
Deals & People December 23rd, 2022 Retirement Industry People Moves CBCF Names Verity’s Otto Vice Chairman; Spinelli promoted to co-CIO at Halbert Hargrove; Gallagher acquires Retirement, HR Advisory Buck; and...
Data & Research December 23rd, 2022 CDC Says U.S. Life Expectancy Fell to 76.4 Years in ‘21, Lowest Since 1996 Retirement plan consulting and actuary head says COVID-19 has muddled mortality outcome tracking, with the industry awaiting delayed IRS mortality...
Compliance December 23rd, 2022 Xerox Has Preliminary Settlement In Excessive Fee Lawsuit The $4.1 million settlement is pending court approval.
The Markets December 22nd, 2022 Investment Service and Product Launches Ameriprise testing retirement income planning service; Vanguard adds short-term tax-exempt bond ETF; Franklin Templeton starts ClearBridge sustainable infrastructure ETF; and...
Compliance December 22nd, 2022 Variable-Rate Premiums To Be Capped by SECURE 2.0 The variable premiums paid to PBGC would be un-indexed from inflation.
In Practice December 22nd, 2022 Behind Robinhood’s Retirement Push Online brokerage Robinhood’s head of investment management left a 21-year career at J.P. Morgan to reach a wider population of...
Compliance December 22nd, 2022 SECURE 2.0 Passes Senate as Industry Overwhelmingly Hopes for House Passage The bill, which is awaiting House vote, contains the most popular provisions while also giving time for actors to come...
Compliance December 21st, 2022 Adviser NFP Absolved in ERISA Case; Molina Healthcare and flexPATH Still Face Charges The plaintiffs in a suit against plan sponsor Molina Healthcare had sought to include advisory NFP for recommending “untested” TDFs....
Compliance December 21st, 2022 Employee Stock Ownership Plans To Get a Boost from Omnibus Package Provisions found in the Work Act and SECURE 2.0 Act, both parts of the spending package, are intended to promote...