Opportunities Increase for Advisers to Engage With BIPOC Savers
BIPOC workers less frequently access financial advice in 2022, while engagements for white workers are steady.
News
Retirement Experts Identify Possible Fixes to the Retirement Savings Gap
Professionals invited by the IAA discuss obstacles to retirement savings, and what can—and has been—done about them.
Home Depot Victorious in ERISA Suit
The judge ruled that even though Home Depot may have followed an imprudent process for choosing investments, the plaintiffs were...
Interim Funding Bill Heads to President’s Desk
The House passes a continuing resolution to keep the government open and provide specific funding for aid to Ukraine and...
Retirement Industry People Moves
Katten names former SEC senior counsel as partner; OneDigital acquires KB Financial Companies; Marsh McLennan names president and CEO; and more.
Congressman Jim Himes Addresses Investment Adviser Association Forum
Congressman discusses pending retirement legislation, political polarization, sanctions policy.
Wells Fargo Is Targeted in ERISA Lawsuit Alleging Self-Dealing
The Wells Fargo retirement plan fiduciaries are accused of engaging in prohibited transactions and breaching their fiduciary duty to participants.
IRS Extends Plan Amendment Deadlines for CARES Act Provisions
Deadlines have also been extended to amend plans for certain provisions of the Taxpayer Certainty and Disaster Tax Relief Act.
Gomez Confirmed as New Head of EBSA
The full Senate voted, 49-36, to confirm Lisa Gomez as the new assistant secretary of labor for the Employee Benefits...
Investment Product and Service Launches
New York Life launches Wealth Plus; Vanguard to liquidate U.S. Liquidity Factor ETF; John Hancock Investment Management announces ETF lineup...
SEC Charges 16 Firms With Failing to Preserve Electronic Communications
The firms have admitted to the wrongdoing and will pay penalties of more than $1.1 billion.
Workers Worried About Inflation Are Delaying Retirement
A Nationwide Retirement Institute report shows a spike in workers who are feeling on ‘the wrong track’ for retirement.
Women’s Financial Health Hits 5-Year Low
Recent research from Ellevest examines 12 different indicators to track and understand women’s financial health.
What Is the DOL’s Plan If the Government Shuts Down?
Like most organs of the federal government, the Labor Department maintains an explicit policy for government shutdowns as a consequence...
Analysis of American Workers Shows Retirement Plan Type Influences Spending Habits
A study of government employees reported that those with defined benefit retirement plans typically spend a higher percentage of their...
Adviser Product Partnerships
Novata and S&P Global Market Intelligence partner to support private market investors; Fidelity Institutional and Salesforce partner to deliver digital...
Annuities’ Bad Rap
Research shows a link between a good comprehension of annuities and a more favorable view of the products; unfortunately, annuity...
Underestimating Longevity Risk
Americans’ projections about their own life expectancy often miss the mark, which can create problems in retirement.
Decumulation Is Personal
New income solutions are focusing on customization and flexibility, in recognition of the fact that spending in retirement is more...
How Participants Have Responded to This Year’s Economy
A T. Rowe Price study shows participants have not changed their loan distribution or withdrawal behavior despite increased inflation and...