Fitch: SEC “Crack Down” on ESG Greenwashing to Continue
Retirement plan advisers should be aware both of SEC charges against those offering ESG funds, as well as the new...
News
What Do the Mid-Terms Mean for ESG and SECURE 2.0?
ESG-minded investors have cause for concern, as Republicans prepare to take control of the House.
Financial-Market Upheaval Overtakes Best Intentions of Pension Legislation
Pension plan balance sheets improved in 2022 despite market fluctuations. Now corporate plan sponsors have to consider their funding strategy...
Judge Dismisses Charge of “Unreasonable” 401(k) Fees by Electronics-Maker Ricoh
A federal district court bounced two fiduciary breach claims brought by participants against Ricoh USA, saying plaintiffs failed “to plausibly...
NQDC Plans Increasingly Used to Try and Draw, Retain Execs
Nonqualified deferred compensation plans are an increasingly popular tool in the talent war for top executives, with significant growth at...
DOL Proposes Changes to Voluntary Fiduciary Correction Program
The proposal would allow fiduciaries to correct certain transactional mistakes and then notify DOL instead of applying for approval beforehand.
AARP Finds Major Gap Between Retirement Goals and Preparedness
A new AARP study finds there is still a wide gap between the importance people put on retirement planning and...
Retirement Industry People Moves
Voya expands distribution team; Ryan Financial Group joins Commonwealth; DigitalOcean names chief financial officer and more.
DOL Rule Greenlights ESG, But Questions Remain
The new final rule seeks to make ESG permissible for ERISA plans, but specific use will still need to play...
Investment Product and Service Launches
Hartford Funds launches new factor-based equity ETF; BenchMine creates free search engine for 401(k) industry plan data; and Corebridge Financial...
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
DOL's final rule clears regulatory hurdles for retirement plan fiduciaries to implement, or ignore, ESG investing.
Judge Recommends Dropping Most of $4.2B Retirement Plan Suit Against Nestlé
A U.S. District Court judge sided with Nestlé’s motion to dismiss most of the claims in a 401(k) class action...
Adviser Product Partnerships
DPL partners with Corebridge Financial on RIA advisory annuity solutions; Fidelity Institutional enhances adviser technology; Choreo partners with Pontera on held...
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
The DOL announced a final rule that retirement plan fiduciaries can consider climate change and other ESG factors when selecting...
Alternative Asset Managers Release Tool for ESG Disclosure
The ESG Integrated Disclosure Project is intended to provide a standard format for ESG-related disclosures and to offer companies a baseline...
S&P Global Settles Mortgage-backed Security Case with SEC
Ratings agency agrees to $2.5 million fine over charges its sales and marketing team influenced analytics.
Self-Directed Investors Confidence Down Due to Challenging Market
Nearly half of self-directed investors feel less confident in their ability to save enough money to live comfortably throughout retirement,...
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
Retirement plan advisers respond to DC recordkeepers that are present, active, and trusted partners, according to an annual Cogent Syndicated...
SEC Collects Record $6.44B On 760 Enforcement Actions in Fiscal 2022
The regulator raked in close to $4.2 billion in civil penalties, nearly three times the $1.46 billion collected the previous...
Top ESG Focus Areas for Big Investors Are Labor Rights, Gender Equality
Institutional investors in Q3 are not overwhelmingly focused on climate issues, with 41% considering social and governance concerns, according to...