DCIIA Publishes Guide to Fiduciary Models
The report educates plan sponsors on distinctions between 3(16), 3(21) and 3(38) fiduciaries.
News
Senate HELP Committee Advances Su’s Nomination on Partisan Lines
No floor vote has been scheduled for the confirmation of the acting Secretary of Labor, who faces Republican opposition.
Adviser Product Partnerships
Morningstar Wealth expands U.S. Wealth Platform; OneDigital and Pontera announce partnership; and more.
Altruist Pitches Tech, Personalization to Advisers
According to the financial tech custodian’s head of investing, RIAs are shifting more into ‘holistic’ needs, including retirement saving.
Disability-Affected Individuals Need Better Retirement Preparation
Among disability-affected retirees, 61% said they did not save enough for retirement, and a new EBRI report lays out ways...
Smart Retirement Launches PEP with Transamerica
The new pooled employer plan has gotten early interest from plan sponsors, according to Smart.
A Three-Step Plan for Employers to Encourage Financial Wellness
For April’s National Financial Capability Month, the head of retirement services at Corebridge Financial suggests understanding, engaging and taking action...
HSA Admin: Avoiding ERISA Status While Still Providing a Strong Benefit
Experts discuss the proper health savings account administration to stay complaint at the 2023 PLANADVISER/PLANSPONSOR HSA Conference.
Proposed Bill Would Allow CITs in 403(b) Plans
403(b) plan advisers may have their patience rewarded with a potential bill to allow CITs is on the table.
Advisory M&A
Atria Wealth Solutions acquires Grove Point Financial; Pensionmark welcomes Xponential Growth Solutions; and more.
Ric Edelman Expects Living Past Age 100 to Force Major Savings Mindset Change
The expert suggested reevaluating the 60/40 portfolio and investing in exponential technology.
TDF Asset Growth Off to Good Start in ‘23, Still Below Record ‘21
American Funds and Vanguard captured the most new TDF inflows in the year’s first quarter.
As SECURE 2.0 Changes Loom, Plan Sponsors Need Prep, Advice
SECURE 2.0 gives advisers ample opportunity to connect with plan sponsors to ensure they are ready for both mandatory and...
The Business Case for Offering HSAs
Panelists at the 2023 PLANADVISER/PLANSPONSOR HSA Conference discuss the business benefits of offering health savings accounts.
Is the HSA a Health or a Retirement Savings Benefit?
Panelists at the PLANADVISER/PLANSPONSOR HSA Conference discussed how to position the HSA to get the most out of the benefit...
Execution Quality Disclosure, Tick-Size SEC Proposals Enjoy Industry Support
Mandatory auctions and Reg BE are considerably less popular.
Retirement Industry People Moves
Ubiquity Promotes Mazooji to COO; Hub International hires 2 SVPs; and more.
Tax Advantages to Look Out for in HSAs
Experts at the PLANADVISER/PLANSPONSOR 2023 HSA Conference pointed out many similarities between HSA contributions and 401(k) plan contributions.
SEC Updates Guidance on Adviser Investment Obligations
The latest guidance adds teeth to initial Regulation Best Interest, passed in 2019.
Investment Product and Service Launches
MassMutual announces fund investing in diverse-led businesses; Pacific Life offers variable universal life product; and more.