Compliance September 30th, 2022 Interim Funding Bill Heads to President’s Desk The House passes a continuing resolution to keep the government open and provide specific funding for aid to Ukraine and...
Deals & People September 30th, 2022 Retirement Industry People Moves Katten names former SEC senior counsel as partner; OneDigital acquires KB Financial Companies; Marsh McLennan names president and CEO; and more.
Client Service September 30th, 2022 Congressman Jim Himes Addresses Investment Adviser Association Forum Congressman discusses pending retirement legislation, political polarization, sanctions policy.
Compliance September 29th, 2022 Wells Fargo Is Targeted in ERISA Lawsuit Alleging Self-Dealing The Wells Fargo retirement plan fiduciaries are accused of engaging in prohibited transactions and breaching their fiduciary duty to participants.
Compliance September 29th, 2022 IRS Extends Plan Amendment Deadlines for CARES Act Provisions Deadlines have also been extended to amend plans for certain provisions of the Taxpayer Certainty and Disaster Tax Relief Act.
Compliance September 29th, 2022 Gomez Confirmed as New Head of EBSA The full Senate voted, 49-36, to confirm Lisa Gomez as the new assistant secretary of labor for the Employee Benefits...
Products September 29th, 2022 Investment Product and Service Launches New York Life launches Wealth Plus; Vanguard to liquidate U.S. Liquidity Factor ETF; John Hancock Investment Management announces ETF lineup...
Compliance September 28th, 2022 SEC Charges 16 Firms With Failing to Preserve Electronic Communications The firms have admitted to the wrongdoing and will pay penalties of more than $1.1 billion.
Data & Research September 28th, 2022 Workers Worried About Inflation Are Delaying Retirement A Nationwide Retirement Institute report shows a spike in workers who are feeling on ‘the wrong track’ for retirement.
Deals & People September 28th, 2022 Women’s Financial Health Hits 5-Year Low Recent research from Ellevest examines 12 different indicators to track and understand women’s financial health.
Compliance September 28th, 2022 What Is the DOL’s Plan If the Government Shuts Down? Like most organs of the federal government, the Labor Department maintains an explicit policy for government shutdowns as a consequence...
Data & Research September 27th, 2022 Analysis of American Workers Shows Retirement Plan Type Influences Spending Habits A study of government employees reported that those with defined benefit retirement plans typically spend a higher percentage of their...
Products September 27th, 2022 Adviser Product Partnerships Novata and S&P Global Market Intelligence partner to support private market investors; Fidelity Institutional and Salesforce partner to deliver digital...
Client Service September 27th, 2022 Annuities’ Bad Rap Research shows a link between a good comprehension of annuities and a more favorable view of the products; unfortunately, annuity...
Client Service September 27th, 2022 Underestimating Longevity Risk Americans’ projections about their own life expectancy often miss the mark, which can create problems in retirement.
Client Service September 27th, 2022 Decumulation Is Personal New income solutions are focusing on customization and flexibility, in recognition of the fact that spending in retirement is more...
Data & Research September 26th, 2022 How Participants Have Responded to This Year’s Economy A T. Rowe Price study shows participants have not changed their loan distribution or withdrawal behavior despite increased inflation and...
In Practice September 26th, 2022 What Plan Sponsors Should Expect From a Retirement Plan Adviser As plan sponsors look to evaluate their relationship with their financial advisers, experts say it is critical that advisers understand...
Compliance September 26th, 2022 Lawsuit For Wake Forest University Retirement Plan Proceeds The judge has allowed the case to go forward and the ‘plaintiffs should be afforded an opportunity to conduct discovery.’
Compliance September 26th, 2022 ERISA Suit Against Exelon Dismissed The plaintiffs had alleged that their employer maintained expensive and low-performing investment options for plan participants.