Empower and E*TRADE Consolidate Stock Plan Service
The firms are brining equity compensation and retirement planning into a single user experience.
News
Supreme Court Hands Back Puerto Rico Catholic Pensions Case
The high court decided that a court in Puerto Rico had no jurisdiction to order the seizure of property from Catholic entities in order to fulfill a court...
Hilton Hotels Accused of Improperly Calculating Pension Plan Vesting
The plaintiffs allege Hilton is not using an elapsed time method dictated by a prior court decision.
Judge Rejects Dismissal of ERISA Mortality Assumption Lawsuit
“The use of mortality data that is over 40 years old could, plausibly, be unreasonable,” the ruling states.
ESG and Fixed Income—a Natural Fit
Both quantitative and qualitative research suggest bonds issued by companies with favorable environmental, social and governance (ESG) ratings can offer...
Retirement Industry People Moves
TRA brings back former sales rep; Alan Biller and Associates announces new CEO; National sales director joins Aspire; and more.
Ready to Comply With the Massachusetts Fiduciary Rule?
The new regulations, which go into effect on March 6, will require broker/dealers and their agents to provide investment advice and recommendations 'without regard to the interests of...
Advisers Giving Back: The CAPTRUST Community Foundation
Though its giving efforts are expansive, the CAPTRUST Community Foundation’s vision is singular: 'Plain and simple, we want to enrich...
Government Plaintiffs Clear Dismissal Hurdle in Reliance Trust Lawsuit
The Department of Labor brought the underlying case and has argued successfully in opposition to the defendants’ dismissal motion, which has now been denied.
News of E*TRADE Acquisition by Morgan Stanley Raises Anti-Trust Stakes
One source says the discount brokerage industry of the previous decade is being “merged away,” and that this latest M&A transaction could raise anti-trust scrutiny on other ongoing...
Delta Air Lines Must Face Lawsuit Over Pension Payments
Retirees sued for denial of benefits, claiming Delta was wrong to offset their pension payments by a workers' compensation settlement they received.
Attorneys Say Guaranteed Income Safe Harbor Clearer Than Previous Guidance
Advisers will play an important role in helping plan sponsors perform their due diligence and helping participants accept annuities.
Investment Product and Service Launches
American Beacon and asset management firm launch bond fund; Hartford Funds and Wellington Management release ETF; and Vanguard announces lower...
Defendants in DST Systems Lawsuit Say Plaintiffs’ Attorneys Have a Conflict
They have filed a motion to have the plaintiffs' attorneys disqualified.
Cybersecurity Strategies for the Adviser Industry
Effective cybersecurity strategies start with the right tone at the top, with senior leaders who are committed to improving their...
Prudential Partners With GreenPath for Financial Wellness Offering
Users can get a free session with a certified financial counselor or enroll in a formal debt management plan for a fee.
Earnest Partners with GRPAA on Student Debt Refinancing
The goal of the collaboration is to expand awareness of refinancing as a potential solution for those looking to simplify their student loan payments and get a lower...
2020 M&A Activity Starts Strong After Record 2019
CAPTRUST has continued its serial acquisitions, but the biggest merger and acquisition news of early 2020 has been the acquisition of Legg Mason by Franklin Templeton.
Vanguard DC Plan Clients Can Add Equity Comp Services
Plan sponsors who elect to add equity compensation services will have real-time financial analysis, modeling tools and support of multiple languages and currencies integrated within Vanguard’s existing participant...
John Hancock Adds Emergency, College Savings Tools to Financial Wellness Offering
With the click of a button on John Hancock Retirement’s participant site, participants can create an emergency savings account.