Court Grants Genworth Class Certification Appeal
Plaintiffs can appeal class action status granted earlier this month to participants who were invested in BlackRock Inc. target date...
More Than Half of Plan Advisers Expect to Use AI
Adviser practices using artificial intelligence may become a reality in the next 12 months, according to BlackRock surveying.
Mixed Results for Corporate Pension Funded Statuses
Most pension trackers reported that equity markets performed well in August but were offset by an increase in liabilities.
DC Plans in US Need to Cover More Workers, TIAA Finds
A study of global pension systems also suggests that workers should be required to join 401(k)s and other retirement programs.
Product & Service Launches – 9/12/24
Milliman offers Candidly student loan certification solution; WTW launches flexible benefits service; Arete Wealth and Luma partner on structure products...
SEC Committee to Host Investment Advice Discussion
The regulator’s advisory body will hold a public hearing September 19 to address fiduciary advice in the wake of the...
T. Rowe’s TDF Team Launches Personalized Offering
The asset manager offers a managed account-like investment option built on its target-date-fund strategies.
Social Security Cost-of-Living Adjustment Forecasted at 2.5% for 2025
The Senior Citizens League projects next year’s cost-of-living adjustment on a day when the Consumer Price Index rose 2.5% over...
Voya to Acquire OneAmerica’s Retirement Plan Business
Voya will add more than $60 billion in AUA and new capabilities, including employee stock ownership plans.
GPS PEP Expands User Base in Deal With Trilogy Financial
Trilogy can now refer plan sponsor clients to the GPS PEP, which is recordkept by July Services.
Infosys Breach From 2023 Exposed Personal Data of 6 Million People
T. Rowe Price and New York Life were cited in a filing with the Maine Attorney General on previously reported...
SEC Fines 9 Advisories for Marketing Rule Violations
The regulator issued penalties totaling $1.24 million to settle charges of ‘untrue or unsubstantiated claims.’
BAE Beats 401(k) Plan Forfeiture Suit
A federal judge in Virginia dismissed a proposed class action, marking one win for defendants amid a slew of recent...
DOL Issues Updated Cybersecurity Guidance
A new compliance release issued by EBSA clarifies that cybersecurity guidance applies to all employee retirement benefit plans and health...
Capital Group Launches 1st Active/Passive TDF Blend Series
TDFs incorporate index funds from both BlackRock and State Street.
Retirement Industry People Moves — 9/6/24
Prime Pensions adds leadership positions; Alera Group promotes Blue to CEO; Vision Financial of Des Moines hires retirement plan relationship manager; and more.
Federal Regulators Seek Comments on Saver’s Match Contributions
Responses are requested by November 4 for the program scheduled to launch in 2027.
Nationwide Shifts Advertising to Highlight Financial, Plan Services
A new Nationwide marketing campaign will highlight financial services that include financial and 401(k) plan services, in contrast to home...
Product & Service Launches – 9/5/24
American Life launches new fixed-indexed annuity; NAIC graduates 23 from diverse women in alternative investing program; and nudge publishes free...
More Participants Plan IRA Rollovers in 2024
Cogent Syndicated by Escalent finds a jump in rollover intent among respondents interested in an IRA; a Human Interest survey,...