Retirement Industry People Moves – 5/24/24
Hopkins elevated to chief wealth officer at WSFS; Abrdn CEO steps down as asset manager searches for a replacement; Principal...
Addressing Auto Holdouts
Auto-enrollment and escalation are considered the key to 401(k) success; what should advisers do when plan sponsors push back?
‘Isolated’ Error by Merrill Exposes Some Walmart 401(k) Data
The inadvertent email error surfaced Social Security numbers of some Walmart participants; no misuse is expected, and Merrill is providing...
Financial Wellness Moves From “Nice to Have” to Table Stakes
In the second installment of this quarter's PLANADVISER In-Depth, advisers discuss the crucial role financial wellness programs play both for...
Plan Sponsors Seeking Advisers with SECURE 2.0 Know-how
Many plan sponsors are in search of advisers and consultants who can help guide them through SECURE 2.0, UBS finds.
Why Emergency Savings May Be Staying Out of Plan
PLESAs are tax-privileged and can auto-enroll, but their out-of-plan alternative are currently more popular to many plan sponsors due to...
Fidelity Sees Record High 401(k) Contribution Levels
Latest participant data also shows that small business employees with access to retirement plans save more than traditional 401(k) participants.
401(k) Assets Rebound 15% Amid Critiques
Recent data shows an uptick in assets held in 401(k) accounts even as the national conversation turns to savings gaps.
Mariner Begins Market Push as $230B Retirement, Wealth Advisory
The head of Mariner’s new institutional retirement division says plan sponsor demand for wealth services was part of the decision...
Participant Data and the Race for Ownership
This story—the first in a PLANADVISER In-Depth series that focuses on participants—considers the jockeying for data in the retirement industry.
Institutional Retirement Income Council Names New Executive Director
Kevin Crain, the former the head of retirement research at Bank of America, succeeds Michelle Richter-Gordon in the lead role...
Retirement Industry People Moves – 5/17/24
Mercer promotes Martine Lellis to M&A lead; The Retirement Advantages hires a plan consultant; Empower announces chief compliance officer; and...
Principal to Expand ESOP Business Via Acquisition from Ascensus
The firm will add 800 plans and more than 165,000 participants to its leading ESOP position in the U.S.
Product & Service Launches – 5/16/24
Macquarie adds large-cap growth ETFs; Fiserv University rolls out learning and training tools for financial institutions; and Lincoln launches new...
Charles Schwab Names New Advisory Services Head
Veteran Bernie Clark is moving into an advisory role as Jon Beatty is promoted to lead RIA custody services.
Do Managed Accounts Need a Rebrand?
A Cerulli white paper finds participants in managed accounts are more confident in their finances than those not using them.
New DOL Fiduciary Rule: Top 5 Facts Advisers Should Know
ERISA experts from Faegre Drinker Biddle & Reath provide guidance to registered investment advisers on the DOL’s new Retirement Security...
BlackRock’s Retirement Lead Ackerley Moving to Senior Adviser Role
The head of the firm’s retirement group will move into an advisory position in July as part of a global...
TDF Flows Bounce Back in Q1
The country’s top ten target date fund providers posted net inflows of $10.5 billion to start 2024, beating a lackluster...
Vanguard Taps Former BlackRock Divisional Head for CEO
Vanguard appoints iShares head Salim Ramji to succeed Tim Buckley in July, the firm’s first external hire to the top...