Nikki Newton is appointed president of Ivy Distributors Inc.; John Hancock Retirement Plan Services forms a new leadership team charged with enhancing the delivery of large customized retirement plans.
The suit questions the use of actively managed versus passively managed funds. It also suggests that collective trusts and separate accounts are better vehicles than mutual funds for retirement plans.
INSIDE THE MAGAZINE 2017 PLANADVISER September / October
It will enable advisers to manage their practices and portfolios
The agency has requested that the OMB continue to allow it to do so.
The number of participants taking hardship withdrawals remained less than 1%.
Only 21% of advisers surveyed reported feeling very well informed about responsible investing strategies, and the survey found accessing ESG data is a challenge for advisers.
The new forms include important modifications.
The guidance covers verification procedures, timely loan and hardship withdrawal repayments, and health care coverage.
This case was filed against NYU Langone Hospitals, NYU Langone Health Systems, the retirement plan committee, and several named defendants.
The median investment management fee charged to retirement plans is 38 basis points, according to the Callan Institute.
If the plan is not already automatically enrolling participants and escalating their deferrals each year, AB says, it should be.
The lawsuits alleged that First Bankers Trust violated the Employee Retirement Income Security Act when it approved stock purchases by three employee stock ownership plans.
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more.