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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.
LPL Settles With Ex-CEO Arnold for $12M in Stock Options
The settlement, reached a little more than two months after he was fired, was about 15% of the total he was entitled to had he been terminated ‘without...
Hub Projects Compliance, Due Diligence, Well-Being Will Be Essential to Plan Success in 2025
The employee benefits provider’s annual outlook also anticipates active and passive investment ‘mirroring’ in plans to mitigate risk.
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.
Vanguard Plans $900B Advice and Wealth Management Division
The new division will be headed by a former Fidelity executive and be separate from Vanguard’s Personal Investor segment.
DC Advisers Interested in Retirement Income Solutions, but Still Hesitant
Systematic withdrawals are still more commonly recommended than in-plan annuities, but that may shift in coming years, according to researchers from Escalent’s Cogent Syndicated.
Trump Taps Fiserv CEO Frank Bisignano for Social Security Administration Commissioner
Bisignano’s background signals he will be more focused on seeking efficiencies and administration than any policy reform efforts.
Retirement Industry People Moves – 12/6/24
Collins joins Alerus as retirement sales consultant; Vanguard strategy head to retire; Wagner Law brings on new employee benefits attorney; and more.
Carson Group President, Financial Planning Head Move On
Executive departures signal more reshuffling at the $38 billion advisory.
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.
How to Assess Workforce Priorities Amid Regulatory and Economic Shifts
Experts at a WTW panel recommended employers remain adaptable to workplace demands.
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.
Product and Service Launches – 12/5/24
Fiduciary In A Box and Homa Health launch AI-powered ERISA contract review tool; Wespath debuts fossil-fuel-free funds for institutional investors; Payroll Integrations automates SECURE 2.0 compliance; and more.
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.
Retail Investing AUM Will Likely Slow in Next 5 Years, But Sales Will Rebound
A forecast from ISS Market Intelligence shows overall retail investment assets down in the next five years, but with product shifts helping to combat years of fee compression.
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.
SageView Advisory Group Acquires $400M OnTrack 401(k)
The acquisition of the Maryland-based plan consultant closed on December 2.
DPL, Offering Commission-Free Annuities, Gets $23M in Funding
The investors include the venture arm of annuity seller and recordkeeper TIAA.
Transamerica Introduces 2 New Pooled Plans
One of the plans offers more control for the plan sponsor; the other is a traditional PEP structure.
Trump Picks SEC Alum to Chair Regulator
Paul Atkins, a digital assets advocate, has been designated the nominee to replace the outgoing Gary Gensler.