The Markets August 9th, 2023 Vanguard, J.P. Morgan, BlackRock Lead Fund Flows in First Half Vanguard and BlackRock saw gains from passive mutual fund and ETF management, with JP Morgan gaining on active, according to...
In Practice August 9th, 2023 Smaller Plan Sponsors More Likely to Default to TDF that Moves to Managed Accounts A hybrid QDIA solution that transfers participants from a TDF into a managed account can be a hard sell, say...
Compliance August 9th, 2023 New SEC Cybersecurity Rule a ‘Business Problem,’ Not Just IT or Legal, According to Experts The new disclosure requirements for public companies will require time and resources to meet cybersecurity needs.
Data & Research August 8th, 2023 BofA: Hardship Withdrawals Up 36% As More Prioritize Short-Term Needs Distributions were down and hardship withdrawals were up, though overall saving rates remained steady, according to the bank’s latest participant...
Compliance August 8th, 2023 New 401(k) Litigators Use ‘More Credible’ Tactics in First Half of ‘23 Euclid Fiduciary’s mid-year litigation report finds fewer filings, as plaintiff law firms catch up on ’22, but new entrants using...
Compliance August 8th, 2023 SEC Charges Wells, BNP, Others With Electronic Communications Misuse 11 Wall Street firms admit wrongdoing and agree to pay $289 million in fees for improperly using messaging systems like...
Products August 8th, 2023 TIAA’s Nuveen Launches TDF With Embedded Guaranteed Income Annuity The new series aims to bring 'pension-like' income options to participants, according to Nuveen's retirement investing head.
Compliance August 7th, 2023 Pension Risk Transfers in No Need of Overhaul, Insurance Executives Say Minor changes, such as requiring pensions to consider cybersecurity before selecting an annuity provider, could be positive, however.
Columnists August 7th, 2023 How to Best Protect Workers’ Retirement Savings Plan sponsors can utilize 401(k) loan insurance to maximize the power of automatic portability and protect workers’ savings, according to...
Deals & People August 7th, 2023 Advisory M&A Ameriprise adds 3 teams worth total of $1.1B in client assets; Mercer Advisors Snags Texas-based $680M wealth advisory; Cetera adds...
Compliance August 7th, 2023 American Airlines Files Motion to Dismiss 401(k) ESG Complaint The airline argued the case should be dropped partly because the ESG funds in question were not in the 401(k)...
Products August 4th, 2023 Retirement Consulting Firm Freedom Fiduciaries Launches PEP The recently formed retirement plan advisory taps Empower as the recordkeeper for the pooled employer plan.
Deals & People August 4th, 2023 Retirement Industry People Moves Ascensus expands NQDC sales team; The Standard promotes Angie Cuthill within individual annuities; Optima names Paul Fletcher head of its...
Compliance August 3rd, 2023 PBGC Reports Program Solvency and Surplus Industry experts seek scaling back of premiums as the pension insurance agency expects to remain solvent long into the future.
Compliance August 3rd, 2023 Plaintiff Drops Fidelity, Financial Engines from American Airlines ESG Lawsuit The plaintiff voluntarily dismissed the two of four defendants from the lawsuit that claims ESG factors were considered ahead of...
Data & Research August 3rd, 2023 Experts Forecast More Retirement Plan Options for Gig Workers The majority of a Transamerica-sponsored panel sees better retirement plan offers and even matching for gig workers by 2026.
Data & Research August 3rd, 2023 Conference Board: Remote Work Better for Employee Retention Mandatory return to the office programs make attracting and retaining talent more difficult, according to an annual workplace survey.
The Markets August 3rd, 2023 Investment Product and Service Launches Alight enhances work benefits platform; Midland updates fixed indexed annuities geared toward retirement income; Allianz launches buffered ETFs to guard...
Deals & People August 2nd, 2023 The PLANADVISER Interview: Vince Morris, President of Retirement and Wealth, OneDigital The OneDigitial retirement plan leader says the aggregator’s company-wide focus on the employee guides its strategic growth.
Products August 2nd, 2023 Paychex PEP Doubles in Past Year, Driven by Small Plan Startups The payroll and small 401(k) provider has signed 25,000 plans to its PEP.