Protecting Participants: What to Know About Mutual Fund Boards
Mutual fund boards often do a better job of protecting shareholders than corporate boards, one source says, which are potentially...
News
CenturyLink’s Investment Management Company Faces ERISA Claim
On their third try, participants in CenturyLink's 401(k) plan get a recommendation that one claim move forward.
$18.1M ERISA Lawsuit Settlement Price Tag for MIT
In addition to the sizable monetary settlement, the defense has agreed to certain changes in the way it pays for recordkeeping and administrative services—though MIT in the end...
Preventing Financial Abuse of Aging Clients
Retirement plan advisers do more than help shape their retired clients’ finances; they can and indeed must play a part...
Judge Recommends Columbia University ERISA Suit Moves Forward
A magistrate judge found that there are genuine issues of material fact as to whether Columbia acted prudently throughout the class period by not consolidating to a single...
401(k) Participant Files ERISA Lawsuit Against Goldman Sachs
The lawsuit points out Goldman Sachs offered lower-cost investment vehicles to institutional clients that it did not use in its own 401(k) plan.
Odds of SECURE Act Passage This Year Pinned at ‘Less Than 50-50’
While parties on both sides of the political spectrum are pushing for passage of the SECURE Act, one Washington insider who helped implement the Pension Protection Act says...
‘FINRA Settlement Expungement Process Is Broken,’ Former Regulator Says
FINRA is advancing a proposal to modernize the process by which brokers can clear their records of past customer disputes,...
Retirement Industry People Moves
Ameritas president succeeds former CEO and chair; Voya Retirement adds account exec to large market side; AIG Retirement appoints market...
Tips on How to Carefully Evaluate Target-Date Funds
Experts say this has never been more important, with TDFs projected to hold more than half of all retirement plan assets by 2025.
Principal Makes Onboarding Platform Available in Spanish
The firm says Principal Real Start has been a game-changer in driving positive retirement savings outcomes.
Investment Product and Service Launches
Schwab Advisor Services presents alternative investment marketplace platform; John Hancock Investment Management expands fixed-income suite; and Millennium Trust adds investments to...
‘Smart Money’ Says 2nd Circuit Won’t Halt SEC Regulation Best Interest
Advisory firms waiting to see whether the 2nd Circuit will delay or outright halt the implementation of the SEC's Regulation Best Interest are wasting precious time.
Slower Quarter for Adviser M&A, But Record Year Remains Likely
Deal volume and value eased during the third quarter after an “unprecedented” first half of 2019.
Correlating Market Share and Quality in the TDF Marketplace
The largest funds tend to have the highest ratings from objective third parties, while the smallest funds generally fail to receive positive marks.
DOL Proposes New Electronic Disclosure Rule
The new rule would offer a safe harbor for sponsors that want to make retirement plan disclosures available on websites.
American Academy of Actuaries, SOA Update Longevity Illustrator
Understanding how long they may live opens up important retirement planning discussions with clients.
Cetera Expands Fee-for-Service Payment Model to 401(k) Advice
According to Cetera, fee-for-service payment models that provide the option for a one-time or subscription-based payment allow Cetera advisers to broaden access to an Advice-Centric Experience to more...
DOL, IRS Guidance and Enforcement May Change Under Executive Orders
Two executive orders could lead to more formal guidance and a halt on enforcement without proper guidance in place, attorneys from Groom Law Group explain.
The Price Tag of Financial Stress
According to new John Hancock research, financial stress has a major impact on organizations, costing more than an estimated $1,900 per year, per employee.