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Product & Service Launches – 9/12/24
Milliman offers Candidly student loan certification solution; WTW launches flexible benefits service; Arete Wealth and Luma partner on structure products and annuities; and more.
Nuts & Bolts: Solo 401(k)s and SEP IRAs
What advisers need to know about Solo 401(k)s and SEP IRAs.
New Retirement Income Solutions Developing for QDIA Integration
An ERISA Advisory Council meeting introduced strategies to incorporate retirement income solutions into qualified default income alternatives.
Voya to Acquire OneAmerica’s Retirement Plan Business
Voya will add more than $60 billion in AUA and new capabilities, including employee stock ownership plans.
SEC Fines 9 Advisories for Marketing Rule Violations
The regulator issued penalties totaling $1.24 million to settle charges of ‘untrue or unsubstantiated claims.’
BAE Beats 401(k) Plan Forfeiture Suit
A federal judge in Virginia dismissed a proposed class action, marking one win for defendants amid a slew of recent forfeiture complaints.
Capital Group Launches 1st Active/Passive TDF Blend Series
TDFs incorporate index funds from both BlackRock and State Street.
Retirement Industry People Moves — 9/6/24
Prime Pensions adds leadership positions; Alera Group promotes Blue to CEO; Vision Financial of Des Moines hires retirement plan relationship manager; and more.
Workers’ ‘Spending Spikes’ Threaten Retirement Security
Many public sector employees face unexpected expenses, leading to increased DC plan loans and credit card debt.
Social Security Administration Reduces Signature Requirements to Streamline Services
The shift, including accepting more electronic signatures, is part of a larger effort to streamline application processes.
Product & Service Launches – 9/5/24
American Life launches new fixed-indexed annuity; NAIC graduates 23 from diverse women in alternative investing program; and nudge publishes free financial wellness guide for employers.
More Participants Plan IRA Rollovers in 2024
Cogent Syndicated by Escalent finds a jump in rollover intent among respondents interested in an IRA; a Human Interest survey, meanwhile, shows the need for care in retirement...
Mutual Fund Managers ‘Dodge Bullet’ on Swing Pricing
The SEC decided not to move ahead with what the mutual fund industry had argued would be a costly proposal to manage market volatility.
Enhancing Client Engagement and Scalability Within Your Retirement Plan Business
A 401(k) advisory marketing specialist discusses Days 61-90—and beyond—for creating a successful practice.
Government Watchdog Finds IRA Fiduciary Oversight ‘Lacking’
The GAO found numerous conflicts of interest and recommended the IRS work with the DOL to audit IRA fiduciaries.
Compensation Gap Widens Between Companies, Workers
A growing disparity exists between employee expectations and the salary and support companies plan to provide, according to a new survey and a hiring expert.
TIAA Pens Multi-Year Deal With Accenture to Transform Its Retirement Recordkeeping
The deal will tee up about 1,500 TIAA employees in the U.S. and India to move to Accenture, while TIAA maintains all plan assets and client relationships.
Unpacking New Use of 529s to Invest in Roth IRAs
As many parents around the US bring their kids back to college campuses, attorneys unpack 2024 provisions that make 529 accounts more flexible in the long term.
State 401(k) Mandates May Cause ‘Crowd-In’ Effect, Boosting Private Plans
Small employers in states with mandates may gravitate toward private market plans for factors including plan design and the perceived cost of implementing state plans, according to NBER...
SEC Charges Transfer Agent Equiniti Trust for Failing to Safeguard Clients From Cyber Attacks
The ruling shows the increased need to protect client data, as recordkeepers and others could face such fines due to a participant data breach.