Majority of Americans Foresee a Retirement Savings Shortfall
Fifty nine percent said it was only “somewhat likely” or “not at all likely” that their savings and Social Security will be enough to last them throughout their...
News
FINRA Voya Censure Highlights Share Class Pitfalls
In censuring the firm, FINRA highlights the important fact that Voya demonstrated “extraordinary cooperation” and had initiated its own investigation and correction program prior to involvement by regulators.
Treasury, IRS Ask for Comments on 2019-2020 Priority Guidance Plan
The 2019-2020 Priority Guidance Plan will identify guidance projects that the agencies intend to actively work on as priorities during the period from July 1, 2019, through June...
Nearly One-Third of Employers Embracing Student Loan Debt Programs
Among those that are, they are more likely than others to have measured their employees’ financial wellness.
Investment Product and Service Launches
Eaton Vance changes investment objectives and policies of funds, and Transamerica launches fifth managed risk ETF.
BoA Launches HSA Digital Platform
The aim is to make the tax-advantaged savings vehicle more accessible and easier to use
IFP Partners with AdvisorEngine and WisdomTree
The relationship will make the AdvisorEngine platform and WisdomTree model portfolios and ETFs available to IFP advisers.
IRS Expands Opportunities for Retirement Plan Sponsors to Self-Correct
The IRS Self Correction Program (SCP) has been expanded to include certain plan document failures and certain loan failures and a way to self-correct via plan amendments.
There’s an Untapped Market for ESG Investing
More investors than research has shown are interested in environmental, social and governance (ESG) investing, but most don't speak out, and many need education to help them invest...
Many Parents Sacrifice Retirement Savings to Fund Adult Children’s Lifestyle
Overall, 50% of parents have cut back on their retirement savings to help their kids out.
Avery Dennison Transferring $750M in Pension Obligations to AIG
The agreement covers 8,500 retirees, beneficiaries and deferred and active members.
Council Finds Noncompliance With ERISA Fidelity Bond Rules
For this reason, the ERISA Advisory Council is recommending that the Department of Labor relaunch the updated rules it published in Field Assistance Bulletin (FAB) 2008-04.
Vanderbilt 403(b) Plan Suit Settlement Includes Non-Monetary Relief
Vanderbilt will conduct a request for proposals (RFP) for a new recordkeeper, among other things.
Revenue Sharing, Soft Fees Questioned in Latest ERISA Suit
Beyond the issue of excessive compensation, the lawsuit questions the collection of “float interest” and asks whether BTG International permitted a provider to create a “captive market for...
Monitoring DC Plan Fund Menus Important for Participant Outcomes
It is important for plan fiduciaries to know what to consider for placing a fund on watch or replacing it.
The Future Open-MEP Market
There are two potential pathways for the broad adoption of open multiple employer plans by small businesses, one driven by advisers and the other by recordkeepers.
DOL Receives Recommendations for Lifetime Income in DC Plans
The ERISA Advisory Council sent a report to Secretary of Labor R. Alexander Acosta focusing on recommendations for promoting lifetime income (LTI) within defined contribution (DC) plans through...
Social Security Trust Funds Gain One Year
Combined assets of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2035; however, the OASI Trust Fund...
Sri Reddy on Smashing Annuity Misconceptions
In conversation with PLANADVISER, Principal’s retirement and income solutions leader shares advice for how to talk about annuities with skeptical consumers.
Financial Wellness Programs Present an Opportunity for Recordkeepers
Most retirement plan participants rely on their workplace for financial advice.