Transamerica, Smart, and Finhabits Expand Retirement Plan Coverage to Underserved Markets
The service is meant to be an affordable alternative to state-mandated retirement plans.
News
New Advisory Group on Preventing Senior Scams to Meet Next Week
The advisory group was established by the Stop Senior Scams Act, passed in March, and is charged with developing strategies...
Retirement Industry People Moves
Pontera appoints its first chief marketing officer; Pacific Life announces new head of defined contribution lifetime income; Dorsey & Whitney...
Parties Reach Preliminary Settlement in 16-Year ERISA Lawsuit
Plaintiffs agree to settle for $267 million in a class action suit that alleged that PricewaterhouseCoopers LLP undercalculated lump-sum payments...
Mentorship Is Key to Success for Attracting Diverse Associates
An Edward Jones study finds that most in the advisory community believe seeking out a mentor is the most important...
Product and Service Launches
Purchasing Power introduces financial wellness services and iJoin leverages Coherent’s retirement savers product innovation tool.
Employees and Employers Show Disconnect on Workplace Benefits
Morgan Stanley at Work’s second annual study finds that employees value help.
All 3 Defendants Move to Dismiss Cybersecurity ERISA Suit
The defendants are accused of ignoring several red flags, resulting in over $750,000 being stolen from a retirement account.
Wilmington Trust Introduces Digital CIT Onboarding Tool
Plan adviser users of the tool can automatically pull key data for the plan they are advising into the system...
U.S. Drops to 18th on Natixis Retirement Index, Due to Economic Issues, Aging Population
This year’s report warns that “key risk concerns for retirement security are coming to a head in today’s rapidly changing...
American Century Offers Tool to Retirement Plan Fiduciaries
The Income Blueprint tool seeks to make it easier for advisers to choose and evaluate in-plan guaranteed income products for...
Maryland’s State-Run Retirement Program Officially Launches
The program will also help employees build emergency savings through an automatic payroll deduction.
Equitable Launches Small Business 401(k) Program
Retirement Gateway for Small Business seeks to serve small and startup 401(k) plans by easing demand on plan administrators in...
PANC 2022: Participant Mindsets and Communication Strategies
Financial stresses increase the need for advisers to communicate with participants.
SEC Risk Alert Addresses Marketing Rule Compliance Examinations
The SEC’s new marketing rule is set to take effect on November 4, and the agency’s Division of Examinations says...
Retirement Plan Investors Face Challenges Managing Digital Accounts
According to J.D. Power, Bank of America and Charles Schwab tie for the top spot in digital participant satisfaction.
Judge Rules in Favor of Goldman Sachs in ERISA Suit
A federal judge rules that Goldman Sachs did not privilege its own mutual funds at the expense of retirement plan...
PANC 2022: DEI at Work
Advisers share insights about how they are changing the composition of their firms—from entry-level positions to senior management—to better reflect...
Retirement Industry People Moves
MetLife appoints director of institutional client group; eMoney announces leadership team additions; TIAA names head of research and thought leadership...
Alight Announces New Benefits Marketplace
The offering can provide employees with access to more than 150 services and experiences.