401(k) Participants Often Make Ill-Timed Fixed-Income Trades
August brought six above-normal trading days, the highest monthly total since a previous bout of equity market volatility in December 2018.
News
Gen Xers Feeling Financially Squeezed
They have mortgages, second homes, kids going to college and elderly parents. They’re even thinking about long-term care policies.
IRS Changed Mailing Address for Employee Plans Submissions
The address for pre-approved plan submissions has not changed.
Is Mandatory Arbitration Likelier for ERISA Complaints?
The Dorman vs. Charles Schwab Corp. decision out of the 9th Circuit is significant, but it leaves at least one...
MIT ERISA Lawsuit Parties Announce Settlement
Trial was to begin on the case September 16.
Investment Product and Service Launches
Morningstar releases goals-based planning solution; Schwab adds account conversion feature to portfolios solution; and AssetMark to offer Savos personal portfolios.
Morgan Stanley Expands Student Loan Capabilities
The Morgan Stanley at Work financial wellness platform now includes student loan refinancing capabilities and expanded financial coaching.
ERISA Litigation as Cottage Industry
“The plaintiffs’ lawyer playbook is the same,” says Brian Netter of Mayer Brown. “First, survive a motion to dismiss, and then subject the defendant to a very expensive...
MIT Response to Epstein Donations Suggested as New Evidence in Lawsuit
The plaintiffs in the ERISA lawsuit say they intend to seek injunctive relief preventing MIT from hiring vendors for its retirement plan that are donors or accepting donations...
Edmit and NFP Partner to Build College Planning Feature
As student loan debt reaches an all time high, the two firms are pushing the conversation on what families must know early on about college funding.
Fiduciary Advisory Firms Sue to Block SEC’s Reg BI
Two advisory firms argue they are harmed by the “best interest” rule because it causes them a competitive disadvantage with respect to broker/dealers, and because the rule will...
Greystar Asks Court to Compel Arbitration in ERISA Suit
The move by Greystar comes after the 9th U.S. Circuit Court of Appeals issued a ruling that Schwab could enforce its retirement plan’s arbitration clause requiring participants to...
Successful Advisers Are Able to Spot Emerging Trends
Craig Hawley, head of Nationwide Advisory Solutions, also explains how successful advisers are using AI.
Determining Whether DC Plan Clients Should Offer Real Estate Investments
Investors cite several common considerations for including a dedicated allocation to real estate, and a recent survey of American investors found real estate ranked as the top investment...
State AGs’ Lawsuit Just One Part of Broader Fiduciary Fight
There is an all-out regulatory tug of war going on between consumer groups, the brokerage industry, the states and the SEC.
Advising Pensions and Endowments in Rocky Markets
From 100-year bonds to sophisticated hedging, the world of pension plan investing is different from the DC plan domain.
Principal Reveals Eagerly Awaited Wells Fargo Platform Integration Strategy
Principal is incorporating capabilities from the Wells Fargo Institutional Retirement and Trust platform into its own proprietary recordkeeping system, which will serve Principal and transitioning Wells Fargo customers...
Lowe’s ERISA Lawsuit Clears Pre-Trial Hurdle
A District Court has affirmed most of the recommendations made by a Magistrate Judge, who previously issued a memorandum concluding the ERISA fiduciary breach case should proceed.
Retirement Industry People Moves
Cohen & Steers Creates Global Distribution Role; Voya Announces Hires in Retirement Strategic Growth Team; Heitman Selects Investment Executive to...
Hospital System Wins Ruling on Governmental Plan Status
The complaint said Atrium has never satisfied the Federal law definition of a government of a state, a government of a political subdivision, or an agency or instrumentality...