John Hancock Names Former Personal Finance Exec to Lead Retirement Business
Wayne Park is leaving American Century Investments to lead John Hancock's retirement plan and recordkeeper business.
News
Advisory M&A
Securian Financial Subsidiary acquires Enspire; Pontera and AssetBook intergrate; Wealthspire Advisors acquires Heron Wealth; and more.
Pros and Cons of the SEC Market Structure Proposals
The four market structure proposals from December have nuanced interactions and elicited different opinions from industry experts.
Why 529 Education Savings Plans Are More Valuable Than Ever
The SECURE 2.0 Act makes 529s a more appealing investment and potentially an easy financial wellness option for sponsors intimidated...
Retirement Industry People Moves
Asset Management hires emerging markets head; FuturePlan appoints divisional VP; KKR names chief investment strategist; and more.
Non-Immediate Vesting Does Not Help Companies Retain Employees
According to retirement experts at an EBRI hosted webinar, vesting forfeitures are easy to time and easy to outweigh with...
Experts Predict Major Growth in Retirement Coverage, Benefits
By year-end 2026, 88% of employers are projected to provide a defined contribution plan, according to new report from Transamerica.
Investment Product and Service Launches
Investably announces business valuation service; BM Advisers launches smallcase BM Nifty Top 20; First Trust Dynamic Europe Equity Income Fund...
Powell Says Lowering Inflation to 2% Is ‘Likely to Be Bumpy’
Federal Reserve Chairman Jerome Powell reiterated the Fed’s commitment to lowering inflation.
EBSA Provides More Time for QPAM Exemption Proposal Comments
The proposed changes to the QPAM exemption can now receive public comment until April 6.
Americans Appear Committed to Preserving Retirement Savings Despite Market Volatility
Only 2.5% of DC plan participants halted contributions to their plans in 2022.
Edelman Financial Engines Announces Neil Gilfedder as CIO
Gilfedder received an internal promotion effective March 1, having been with the firm since 2014.
In Face of Volatility, Diversity Rules in Retirement Plan Menus
Experts discuss how to diversify—and remain calm—despite the headlines.
Proposed SEC Cybersecurity Rule Requires Prompt Notice to Prevent Contagion
The SEC reopened the comment period on its cybersecurity rule last week, in part so advisers can take more time...
Ascensus Ugift Program Exceeds $3 Billion in Contributions
The program to allow friends and family to contribute to a beneficiary’s account has seen gift total grow by 50%...
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
More than 20% of advisers said clients spend between a quarter and half of their time on plan administrative tasks...
Advisory M&A
OneDigital acquires 401K Resources, Clear Group; Itheric Wealth Advisors joins Sanctuary Wealth; and more.
SEC Looks to Overhaul Regs SCI, SP
The SEC’s proposed updates would expand the institutions subject to various data security requirements and strengthen data breach notification requirements.
Biden’s First Veto Keeps DOL’s ESG Rule in Place
The president followed through on his promise to veto a Congressional attempt to nix a DOL rule allowing ESG investing...
The PLANADVISER Interview: Aaron Schumm, Vestwell Founder and CEO
The head of the digital 401(k) provider talks about the firm’s dual strategy of arming the private sector—financial advisers—and the...