Publisher’s Note
A Future of ‘Coopetition’
Advisers and providers are starting to bump up against each other in their quest for retiree business.
Tag: Recordkeepers
The Standard Plans to Purchase Recordkeeping Business from Securian
The combined retirement recordkeeping businesses will operate under The Standard brand.
Cover Story
Masterminds of the Plan
How advisers can use RFIs to ensure they match clients with the best providers.
Managing Relationships | Plan Management
Defining Roles
How to take the lead in adviser/recordkeeper relationships.
Empower to Acquire Full-Service Retirement Business of Prudential
Empower will acquire Prudential’s DC, DB, non-qualified and rollover IRA business, in addition to its stable value and separate account investment products and platforms.
Talking Scale With Voya, Sterling Resources Leaders
Over the past decade, the universe of retirement plan recordkeepers has contracted from about 400 to approximately 150, with no...
Court Affirms Arrangement Between Sponsor and Recordkeeper Not a Prohibited Transaction
After reviewing a decision in an ERISA lawsuit against Banner Health, the 10th Circuit also found no reason to order...
Principal Financial Group Strategic Review Leads to New Focus
The firm is getting out of the retail annuity business and focusing on its retirement and asset management businesses, including initiatives to improve the participant experience.
Aon Aims to Sell U.S. Retirement Business to PE Firm Aquiline
The firm also intends to sell the Aon Retiree Health Exchange business to Alight, at least in part to head off potential antitrust concerns associated with its ongoing...
Vanguard Leader Encourages Retirement Industry Evolution
John James says advisers can use their expertise and experience to advance much-needed discussions about improving retirement policy here in the U.S.
Truist Sells 401(k) Recordkeeping, Advisory Businesses
Ascensus and Empower will take on parts of the 401(k) recordkeeping business, while OneDigital will assume the 401(k) investment advisory business.
Cover Story
Value Judgment
How to best assess an advisory firm’s worth for a merger or an acquisition.
TIAA Says New Mobile Enrollment Experience Is a Sign of the Times
Consumers spent a collective 1.6 trillion hours on mobile devices during the first half of 2020, with a 220% increase in time spent on business apps.
Empower Continues 2020 Acquisitions With Fifth Third Deal
The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets.
Empower Acquires MassMutual Retirement Plan Business
The transaction will increase Empower’s participant base to more than 12.2 million people and its retirement services recordkeeping assets to approximately $834 billion administered in approximately 67,000 workplace...
Recordkeeper Consolidation Continues Amid Pandemic
Principal Financial Group acquired Wells Fargo’s institutional retirement and trust businesses in July 2019 and aims to complete the integration...
Many Retirement Plan Contracts Delayed by COVID-19
Sales of new plans are expected to decline throughout the rest of 2020, with small plans affected the most.
Recordkeepers Holding Steady on Staffing—So Far
DCIIA and SPARK surveyed members in early April with regard to the CARES Act and the effects of the coronavirus pandemic.
Fee Compression Is Old News for Recordkeepers, Fund Managers
Fee compression hit recordkeepers first, then asset managers. Advisers are next, experts agree, but they can learn some important lessons from their service provider partners.