How AI Will Change the Retirement Industry, and How It Won’t
A PensionPro executive explains that while AI will make third-party retirement administrators more efficient and effective, human advisers and administrators...
News
Financial Advisers Less Optimistic Than Clients on Retirement Readiness
Among those nearing retirement, 47% are as likely to use advisement services linked to their workplace plan as they are...
LPL Financial to Add $100B Atria Wealth Solutions
LPL will pay $805 million upfront for the acquisition through a combination of cash and debt; it expects to close...
EBSA Recovered $1.4B in Retirement, Health Benefits in ’23
Head Lisa Gomez points to education and outreach growth as important outcomes, along with recovered funds and relief.
Retirement Security Proposal Addresses ‘Significant Gaps,’ EBSA Official Says
PLANADVISER interviewed Tim Hauser of EBSA on the retirement security proposal.
Advisory M&A News – 2/12/24
Former Goldman wealth adviser creates RIA for business owners; Private Advisor Group adds $120M firm; and CBIZ bolsters tax and...
EFE Sees Managed Account Assets Hit $210B
The managed account provider for 45% of the market also notes improved user engagement.
Retirement Industry People Moves – 2/9/24
TIAA’s Stickrod gets expanded lifetime income role; T. Rowe promotes veterans in retirement and wealth services shuffle; SEI hires a...
California Further Tightens Restrictions on Non-Compete Clauses
Non-compete agreements are now entirely unenforceable in California courts, even if signed outside of the state.
Fidelity, Voya Report Workplace Plan Growth
Firms highlight retirement plan, participant count growth in Q4 and full year reporting.
Product & Service Launches – 2/8/24
SEI signs on as trustee to Pictet collective investment trusts; Voya officially launches dual QDIA; and Standard Insurance Company bolsters...
Past Proposals to Tax Qualified Retirement Plans Have Never Gotten Far
Industry has always organized to defeat even marginal changes to the tax-preferred status of DC plans.
Payroll Integrations Seeks to Tackle Form 5500 Hassles for TPAs
The firm’s TPA Connect is designed to automate year-end Form 5500 compliance testing as a go-between for employers, payroll and...
New SEC Rule Will Require Major Liquidity Providers to Register as Dealers
The targets of the rule likely include major hedge funds trading in government securities as buyers and sellers.
Federal IRA Bill Proposed in House of Representatives
The proposal received widespread support from the retirement and insurance industries.
Bank of America Reports 15% Increase in 401(k)s in 2023
The increase came partly from increased contributions, partly from market gains, which was also noted in separate 401(k) investing research...
Product Partnerships – 2/7/24
Pacific Life annuity available on Fidelity participant platform; Steward Partners adds Pontera 401(k) management services; Elements partners on free client...
Workers Call for Savings Assistance in New Report
Many employees are stressed about their finances and are tapping retirement savings to make ends meet, according to a survey...
7 Steps to Further Diversity in Asset Management
A Milken Institute financial markets director lays out the firm’s plan to improve diversity in asset management.
Senate Bill Would Block SEC Predictive Analytics Proposal
Many industry leaders in retirement planning have called for a full or partial withdrawal of the proposal.