Wednesday was a busy day for the U.S. Securities and Exchange Commission, which voted to propose two separate regulations that will impact investment managers and registered investment advisers—and which sources say are likely to generate substantial public comment and debate.
Plan sponsors and plan fiduciaries that use the service would add an extra layer of fiduciary protection, with Rockefeller serving as an ERISA 3(38) investment manager.
Leaders at the SEC say the role of the examinations program is critical for capital markets to function well and keep the public’s trust.
Fixed annuity sales rose 14% in the first quarter, with all fixed products except income annuities recording positive growth.
Among U.S. workers who have already retired, just 3% describe their situation as ‘living the dream,’ while 37% say they are comfortable.
Case focused on misstatements and omissions regarding ESG offerings.
What, exactly, is firm culture, and what does it take to build a positive and productive environment for staff and leadership alike?
Advisers prefer managed accounts as a retirement income solution, a PIMCO survey shows.
The long-awaited full Senate hearing is now on the docket for next week.
OneDigital names vice president of product; Advisor Group acquires Infinex; T. Rowe Price appoints senior ESG leader; Voya hires chief information security officer; and more.
A new survey report notes that women control a third of total U.S. household financial assets today—more than $10 trillion—and as much as $30 trillion more is expected to shift into the hands of U.S. women over the next five years.
Pacific Life announces collaboration with Wespath and WTW on qualifying longevity annuity contract option; Principal Global Investors launches active real estate ETF; and BNY Mellon Investment Management partners with UBS to offer model portfolios.
The plaintiffs in the suit, who have already sued their plan sponsor, are now bringing a service provider into the litigation.
A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than a year after a judge allowed the case to proceed past the defense’s motion to dismiss.
The SEC says the charges and settlement show even the most sophisticated institutional investors, like pension funds, can become victims of wrongdoing.
