Product and Service Launches – 6/27/25
Nationwide launches RetireAssist, Envestnet expands alts access; ETFs from Macquarie, WisdomTree, AllianceBernstein hit the market; and more.
News
Do Private Markets Present a Lucrative Opportunity ‘Fraught With Peril’?
Jerry Schlichter says fiduciaries’ responsibilities have been complicated by provider desires to make private market investments available via 401(k) plan...
SEC to Evaluate Use of PE and Alternatives in Retirement Accounts
The SEC's Office of the Investor Advocate as previously highlighted potential risks for retail savers posed by the expansion of...
Investment Advisers Optimistic About Inflation Amid Recession Fears
RIAs noticed a spike in clients looking to diversify their assets, with almost half reporting an increase in international equities...
Aronowitz Clears Senate Committee Vote to Head EBSA
Trump’s nominee now moves to a full Senate vote to determine whether he will lead the Department of Labor agency tasked with...
PensionBee Analysis Says Looming Social Security Cuts Could Cost Americans $138,000 Each
The analysis finds that a 23% cut would require $138,000 in added savings to replace the lost income; a 19%...
Senator Warren Wants Information About Empower’s Push Into Private Equity for 401(k) Plans
Democratic Senator Elizabeth Warren wrote to the company’s CEO, Edmund Murphy III, outlining concerns about the asset class and demanding...
Despite Fintech Advances, Users Remain Reluctant to Try New Products
A Nationwide survey also found that annuity sellers want a simplified suitability process and better digital tools for accepting and...
Private Equity Sponsors ‘Cautious’ Amid Market Uncertainty
A Churchill Asset Management survey found PE firms remain cautiously optimistic about the outlook for dealmaking, exits and returns.
Michael Liersch Named Chief Planning Officer at Edelman Financial Engines
In the newly created role, Liersch will focus on financial planning, advice and solutions.
Investors, Advisers Take Different Approach to Initial Retirement Years
A Global Atlantic survey showed mismatched priorities between financial professionals and clients during the critical ‘Fragile Decade.’
Advisers’ Next Task? Learn About Crypto
A CoinShares study found the majority of wealthy investors are seeking expert guidance about digital asset investments.
Former CFA Institute CMO Accused of Embezzling $6M
An indictment alleges that Michael Collins stole funds from multiple employers by invoicing them for nonexistent services from companies he...
Automatic Plan Features Help Participant Savings Rates Stay Resilient in 2024, Says Vanguard
The average 401(k) deferral rate was 7.7% in 2024—an all-time high and nearly one percentage point higher than the 6.8%...
Large Plan Sponsors Highly Satisfied With Advisory Services
Nearly all plan sponsors surveyed by Callan offer some form of investment guidance to participants.
The Math Behind Why the Senate Tax Bill Seems Cheaper Than House Version
Even though both bills share many provisions, the estimates from the congressional Joint Committee on Taxation are based on different...
401(k) Forfeiture Complaint Against Wells Fargo Dismissed
The District of Minnesota ruling, released June 18, closely resembled the dismissal of an ERISA complaint against J.P. Morgan on...
Democratic Senators Urge DOL to Reconsider Elimination of 401(k) Plan Crypto Guidance
In a letter, four Senators expressed concern that rescinding the 2022 guidance removes essential protections for American workers’ retirement savings.
Brian Funk Named President of MetLife Investment Management
The firm’s global head of private capital has been serving as interim president since May.
Employer Sues Blue Cross Blue Shield of Michigan for Alleged ERISA Violations
Wesco Inc. alleges BCBSM exploited self-funded health plans by charging fees to fix its own billing errors, in violation of...