JP Morgan Launches TDF With Guaranteed Income Annuity
The asset manager joins other large financial firms targeting the market for pension-like retirement saving in DC plans.
Participants Have Plan Distribution Options During Hurricane Season
With tropical storm season causing extensive damage, it’s a good time to ensure plan participants know they can take out special disaster...
SEC Fines 26 Firms for Off-Channel Client Comms Violations
The regulator continues a push to crack down on the tracking and use of ‘off-channel’ client communication, such as texting.
Missouri Court Strikes Down Anti-ESG Rules
A district court judge put a permanent injunction on rules that required advisers to disclose any time they made decisions...
Digital Retirement Rollover Firm Capitalize Raises Series B Funding
The company will use the $19 million capital raise to support locating and then transferring legacy retirement account rollovers.
TDF Assets Continue Climb Through July
The popular retirement savings default vehicle reached a new high for assets held by the top providers, according to Simfund...
A Compliant Process for Plan-to-IRA Rollovers
Fred Reish and Joan Neri detail how RIAs can comply with current rules while the new DOL fiduciary rule remains...
401(k) Forfeiture Lawsuits Seeing Their Day in Court
A new complaint is filed and others are moved ahead involving Bank of America, Intuit and Qualcomm.
Near Retirees Being Targeted by Imposter Social Security Administrators
‘Long cons’ are becoming more frequent as scammers go after retirement savings, according to a warning from the Office of...
Vanguard Removes Oaktree From $785M Fund
The asset management behemoth reallocated Oaktree’s advisement to two other current managers of the emerging market fund.
Cetera Leans Into Wealth Expertise in 401(k) Participant Programming
Cetera’s head of workplace and retirement plans believes wealth managers’ skills in serving individual clients give them a leg up...
Advisory M&A News – 8/12/24
Cetera’s TRPG acquires $180M advisory; Carson Group adds Texas-based advisory to network; Equita Financial adds 3 women-owned firms to advisory...
Russell Investments Promotes Ayesha Parra to Global Head of Alternatives
Parra will oversee the firm’s business strategy for its alternatives platform.
Pension Funding in July Mostly Flat, With Some Dips
Equities bolstered corporate pension funds for the most part last month, offsetting a decline in discount rates.
CITs ‘Inch Past’ Mutual Funds to Become Lead Target-Date Investment Vehicle
June 2024 data from Morningstar show collective investment trust target-dates make up about 50.5% of TDF assets.
Retirement Industry People Moves – 8/12/24
Prime Capital Financial appoints new regional wealth management lead; CFP Board names new managing director; John Hancock adds 2 trustees...
DOL to Launch Revamped Federal Benefits Website
The department is ‘centralizing’ government benefits such as Social Security and disaster relief at USA.gov.
Vestwell Takes ‘Rainy Day’ Savings Literally
The digital recordkeeper has a new tax-deferred savings program that makes automatic contributions dependent on when it rains in the...
Product & Service Launches – 8/8/24
Vontobel brings new actively managed mutual fund to US; Voya adds stable value fund with Great Gray Trust; and Fidelity...
Hub Acquires California-Based 401(k) Advisory
The aggregator bought the assets of Christopher Clark’s 401(k) advisory, with Clark joining a Hub private wealth office in California.