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Pension Income Accounted for $1.5T of US Economic Output in 2022
Private and public sector defined benefit pension fund payments also added $224.3 billion in tax revenue, according to the National Institute on Retirement Security.
Nuts & Bolts: Requests for Proposal
What new plan advisers need to know about RFPs from plan sponsors.
Product and Services Launches – 1/2/25
PGIM adds 2 Buffer ETF series and laddered buffer ETF to lineup; GROUPIRA launches IRA rollovers with Microsoft Azure; Closed-end funds advised by Franklin Templeton Fund Adviser announce...
Verizon, SSGA Face Complaint About $5.9B PRT Transaction
Law firm Edward Stone is representing three former employers who allege Prudential and RGA group annuity contracts are not the ‘safest available’ for their retirement pensions.
Nuts & Bolts: Best Practices in Target-Date-Fund Selection
Industry experts discuss key considerations when picking the right TDFs for a plan.
RIA Succession Planning Drops to New Low
DeVoe’s annual team management survey paints a dire picture of succession planning for aging advisories.
Advisory M&A News – 12/16/24
Modern Wealth adds $500 million in AUM with 3 acquisitions; Merit Financial Advisors merges with Trinity Financial Partners; Cetera welcomes $231 Million AUA team to Summit Financial Networks.
UnitedHealth Group Settles 401(k) Fund Complaint for $69 Million
If the agreement is approved, participants will receive payments after UnitedHealth did not replace underperforming Wells Fargo funds.
2024 PLANADVISER 360 On Demand
This year's PLANADVISER 360 brought together advisers, thought leaders and plan providers. Below, we offer on-demand viewing of sessions including CEOs, top advisers, ERISA experts, policymakers and innovators.
Why Women Are Navigating a New Financial Landscape
Non-retired women see the responsibility of securing a steady lifetime income being shouldered by individuals, not employers, according to a new survey by Corebridge.
EBRI Panel: DC Plans, Social Security Can Create Strong Retirement Security Net
Panelists speaking at the institute’s winter policy forum made the case that a strengthened defined contribution system can partner well with Social Security for the majority of Americans.
Many 401(k) Investors Made Knee-Jerk Decisions on Short-Term News in November
Last month saw increased trading activity, with many mistimed flights to fixed income ahead of the U.S. election, according to Alight.
Corporate Pension Funds Near Year-End on Strong Note
The major defined benefit consultancies all reported improved funded status in November, as strong markets offset liabilities.
Advisory M&A News – 12/9/24
Mariner completes acquisitions of Atlas Financial and Newport Advisory; Alera Group acquires Spike Risk Management; Mercer Advisors welcomes all-woman advisory team Frango Financial; and more.
Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
The late Brian Thompson and two other executives were accused of dumping stock prior a DOJ antitrust investigation into the company.
Auto-Portability Reaches 2.2M Fidelity Participants in Attempt to Limit Cash-Outs
The firm’s Q3 report also found average 401(k) and 403(b) account balances at record levels.
Empower to Offer Income Products From Allianz, Putnam and TIAA
The country’s second-largest recordkeeper adds more annuity retirement income products, including its first on-platform fixed-index annuity.
Veteran Plan Advisers Advocate for DB Expertise
Jim Robison and Tommy Ford, both members of the Retirement Advisor Council, explain why defined contribution plan advisers should include defined benefit advisement in their practice.
Kevin Hassett Announced as Trump’s Pick to Head National Economic Council
Hassett is known in the retirement industry for a paper he co-authored that expressed support for creating something similar to the federal Thrift Savings Plan for private sector...
Cerulli Finds Growing Dominance in Fee-Based Advisory Programs
The rise of managed accounts and increase in holistic financial advice is driving the trend.