Disney Suit Over Undiversified Investment Dismissed
A federal court judge found it implausible that signs of trouble in an underlying holding of one of Disney's retirement plan mutual funds triggered a duty for fiduciaries...
News
Plan Committees Need to Be More Vigilant: SEI
SEI outlines best practices, including relying on outside providers.
Forty Percent of Advisers Are Now Fee-Based
Among this set of advisers, fees are the biggest factor driving loyalty.
Millennials Grasp Importance of Retirement Savings
More Millennials than Boomers think it should be a requirement.
Retirement Industry People Moves
Ascensus Acquires Retirement Educators; Vestwell Partners with Kovack Advisors; LGIMA Expands U.S. Active Fixed Income team; and more.
Automated Online Managed Accounts Faring Well: Corporate Insight
The minimum investment for these types of services is as low as $5,000.
SSGA Introduces New Financial Wellness Tool
The Retirement Navigator identifies a user's savings persona and offers tips for improving retirement readiness.
Slow and Steady Wins the Savings Race
CFP Board identifies this type of saver as confident about their retirement prospects.
Larger Institutional Clients Embracing OCIO Service
Outsourced chief investment officer assets managed with discretion have more than doubled to nearly $1.3 trillion over the past five years, according to Cerulli Associates.
DB Plan Sponsors Feeling Pressure to Reduce Costs
A new survey by Vanguard found that cutting costs and minimizing risk were the top two concerns for corporate pension plan sponsors.
BenefitGuard Partners to Link Health Insurance and Retirement Savings
The strategic partnership with Spectra Benefits and Miller & Wade Group aims to helping employees view the HSA more like a retirement account for their health.
Technology Industry Group in Washington Launches Open MEP
The WTIA's partnership with Empower Retirement enables employers to offload virtually all administrative tasks.
Investment Products and Service Launches
Capital Group’s American Funds Joins AssetMark Platform; Charles Schwab Updates CTF Prices; and more.
Scorecard Reports Millennials Are Participating More in Retirement Savings
The key to the increase in engagement seems to be automatic and mobile enrollment.
Advicent Unveils Compliance Blueprint Ahead of DOL Fiduciary Rule
The financial technology firm’s Blueprint service features a suite of digital tools designed to help advisers and firms comply with new requirements presented by the DOL’s fiduciary rule.
Closed DB Plan Nondiscrimination Issues Focus of Bipartisan Bill
A bipartisan piece of legislation with backing in the House and Senate seeks to protect long-term participants in closed and frozen pensions.
Wells Fargo Advisors Partners With SigFig for Robo-Advice Offering
The affiliation will give Wells Fargo a platform to help investors build, implement and rebalance tailored portfolios online based on responses to investing questionnaires.
MassMutual Offers QLAC to Help Qualifed Plan Savers
Approved in 2014 by the Internal Revenue Service (IRS), new rules allow owners of qualified plan assets to delay receiving distributions from the assets in a QLAC up...