Search results for: a
June Pension Funding Ratios Soar With Interest Rate, Equity Gains
Another robust month for pension funding status puts an ‘exclamation point’ on a strong streak even as the Fed considers an interest rate cut.
Product & Service Launches – 7/11/24
T. Rowe Price launches tax-free fixed-income ETF; Broadridge adds values-based investing tool for advisers; and Principal brings second annuity with guaranteed lifetime income to market to meet ‘record...
White House Announces Nominee for PBGC Director
Employee benefits attorney Deva Kyle was tapped by the Biden administration to head the Pension Benefit Guaranty Corporation.
Bain Capital and Partners to Acquire Envestnet for $4.5B
The firm is slated to go private through purchase by Bain Capital and Reverence Capital, along with partners BlackRock, Fidelity, Franklin Templeton and State Street.
Prime Capital Rebrands Qualified Plan Advisers Division
Prime Capital Retirement will be part of Prime Capital Financial in a wider rebrand.
Younger Generations Seek Out Advisers Earlier
Demand for financial advice is at an all-time high, Northwestern Mutual reports.
House Committee Advances Bill to Vacate Retirement Security Rule
The vote passed the House Education and Workforce Committee, but no vote has yet been scheduled for the full House.
Pensionmark is Now World Investment Advisors
The rebrand of the retirement plan and wealth advisory division is meant to strengthen alignment with parent company World Insurance Associates.
Swing Pricing, Predictive Analytics, Safeguarding SEC Proposals to be Re-Proposed
The SEC aims to try again with its rules on predictive analytics and safeguarding by year’s end and for swing pricing in 2025.
Gen X, With Retirement “Around the Corner,” Not Confident in Income Replacement
Three distinct reports agree Gen X needs financial guidance via the workplace—with participants valuing transparency and honest dealing.
NPPG Touts SEC Registration for Administering PEPs
Pooled plan provider NPPG advocates for registration if there is 3(38) investment selection responsibility, but a PEP expert argues it is not required.
J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings
Stifel and Commonwealth ranked highest among employee advisers and independent advisers, respectively.
Vanguard Leans Into DC Adviser Outreach
The recordkeeper and asset manager has made recent investments in consultant relationships as a tactic to grow its workplace plan and participant numbers.
ERISA Advisory Council Makes Case for Annuities as Part of QDIA
An ERISA Advisory Council hearing explored expanding the use of annuities in default investment offerings.
Advisory M&A News – 7/8/24
Aquiline Capital acquires majority stake in Isio Group; Countiss Wealth Management debuts; Wealth Enhancement Group adds Starfox Financial Services.
2024 PLANADVISER Emerging Leaders
Recognizing the next generation of leaders in the retirement plan advisory industry.
401GO Releases Mobile App in Push for Small, Individual Plan Market Share
Participants with 401GO plans can access their contribution history, investment performance and other resources.
DOL’s ESG Rule Challengers Cite Chevron Reversal
Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning of Chevron.
Retirement Industry People Moves – 7/5/24
McGlynn promoted to director of national partnership sales at Pacific Life; Munari named chief product officer at MSCI; Pentegra hires Maxwell as head of strategic accounts; and more.
Federal Court Issues Temporary Stay on FTC Noncompete Ban
A final ruling on the merits of the regulator’s ban on noncompete contracts for employees is expected by August 30.