CFP Board Files Amicus in Support of Retirement Security Rule
Brief pushes back on arguments it will be costly to implement and limit advice to retirement savers.
News
House Republican Appropriations Proposal Would Cut EBSA and Block Fiduciary Rule
The budget bill is unlikely to pass in its current form.
Technology Integration ‘Linchpin’ for In-Plan Retirement Income
Middleware providers that offer annuity incorporation and portability across retirement plan recordkeeping platforms will play a key role in uptake,...
Conference Board Reveals 6 Key Areas to Drive Productivity
Skills development, management capabilities and organizational agility are among the key drivers of team productivity.
Judge Dismisses 401(k) Excessive-Fee Lawsuit Against PNC Financial
A federal judge in Pennsylvania decided an an expert witness to the plaintiffs was unreliable, leading to a dismissal of the allegations.
Retirement Confidence Not Recovered, But Steady, Says EBRI
Although confidence hasn’t recovered since the last reading, many Americans feel optimistic about their retirement.
Fisher Investments to Spin Off Independent 401(k) Practice
The RIA is spinning off its 401(k) division to become Fisher Retirement Solutions.
Preparing for the Retirement Security Rule
Some provisions are set to come into effect in September.
Many Participants With Company Stock Puzzle Over Use
There is need for more education in areas including retirement planning from equity compensation plans, according to Morgan Stanley at...
Capital Group Names Top Focus Areas for DC Investment Consultants
Evaluating plan needs and offerings for retirement income, TDFs and participant outcomes top the list for DC investment consultants for...
55-Year-Olds Twice as Likely to Rely on 401(k) Compared to Predecessors
The reliance on 401(k)s means retirement industry must turn attention to this group about 10 years from the traditional retirement...
DOL’s IB 95-1 Report Calls for Further Review of DB Pension De-Risking
The report from the DOL’s EBSA summarized the concerns of some stakeholders, but makes no recommendations of its own.
Advisory M&A News – 6/24/24
Wealth Enhancement Group adds Atlas Fiduciary Financial; Cruz joins Ameriprise Financial; NewEdge Advisors welcomes Stonebridge Financial Partners.
Plaintiff Lawyers Can Now Use AI To Identify Potential Plan Issues
Tech and legal firm Darrow uses AI as a tool for ERISA lawsuit allegations such as underperforming plans, excessive fees.
NEPC Looks at ROI of Managed Account Savings Advice
In a new white paper, the consultancy walks through the benefit versus cost of personalized savings advice from defined contribution...
Vanguard: Roth 401(k) Savings Show Steady Growth
Vanguard’s annual America Saves report shows an uptick of Roth 401(k) use both in terms of availability and participant use.
AssetMark Acquires $12 Billion in Wealth TAMP Assets from Morningstar
Morningstar Wealth TAMP clients and advisers will gain access to AssetMark’s platform, while advisers using AssetMark can access to Morningstar’s...
Retirement Industry People Moves – 6/21/24
Ascensus names regional VP for retirement sales; Nowak promoted to DC director at Marquette; Alerus names health and welfare sales...
SECURE 2.0 Lost and Found Proposal Faces Industry Headwinds
ERIC and SPARK argue that the DOL’s data request goes beyond the intent of the statute and may create participant...
By the Numbers: Participant Retirement Saving Strategies & Outcomes
The final PLANADVISER In-Depth installment for this quarter reveals the saving outcomes for participants depending on their strategies.