Empower to Launch Startup 401(k) Plan Solution
The recordkeeper announcement comes as Cerulli forecasts almost 1M plans will be created by 2030.
Private Equity’s Role Continues, With Shifts, in Retirement/Wealth Convergence
The impact of PE capital looks set to continue, but with evolutions that may be important for plan advisers to...
SageView Names New CFO, Adds Chief Growth Officer
The advisory announced two C-suite hires to prepare for the “next stage of growth strategy.”
Merrill Advisers Offering BofA Clients Retirement Income Management
Bank of America’s Merrill division announced income-focused portfolios for retirees using tactics including “stable income” investing and recurring distributions.
BlackRock’s Fink Calls for Retirement System Rethink in Annual Letter
The CEO makes the case that, as populations age and people live longer, the need to build retirement savings ‘has...
Advisers Giving Back: Mike Devlin and the Village of Tanyigbe
A pension risk consultant’s volunteer trip to Africa turned into an impactful project for a small village in Ghana—and a...
Former Fidelity Private Wealth Head Joins Empower’s Wealth Division
Roger Hobby was hired by Empower to a senior role in its recently rebranded consumer wealth division; he is the...
Core Menus Need to Evolve
David Blanchett of PGIM argues that qualified retirement plan menus have ‘notable gaps’ in alternative asset classes that would improve...
401(k) World: The Litigators
The final story in this quarter’s PLANADVISER In-Depth series considers 401(k) litigation’s present and future.
Mercer Completes Acquisition of Vanguard’s Outsourced Investment Officer Business
Marc Cordover, Mercer’s US investments and retirement leader, will lead the newly acquired division.
FINRA’s Top Enforcement Issues of 2023
Regulation Best Interest makes the top five, according to Eversheds Sutherland LLP.
19 States, Sierra Club Have Common Dispute: SEC’s Climate Disclosure Rule
Republican state attorneys general and the environmental advocacy group are, for different reasons, suing the SEC to overturn its recent...
Former Pension Plan Participants Sue Lockheed Over Athene Risk Transfer
The lawsuit against Lockheed related to its PRT with Athene comes close on the heels of a similar suit against...
Product & Service Launches – 3/14/24
Cetera-affiliated advisers get Bitcion ETF policy guidance; Nationwide offering Morningstar AMAs; OneAmerica launches TDF series of CITs; and more.
Financial Wellness: Implementation and Communication
A panel of experts discuss ways to reach busy participants with financial wellness tools and resources.
Most Americans Expect to Live Longer, Still Retire Around 67
Research from Corebridge and the Longevity Project find half of Americans want to live to 100, even as financial anxieties...
OneDigital’s AI Experiment: A ‘Cheppy’ for Everyone
The advisory created an artificial intelligence-powered version of a retirement plan adviser to show the technology’s potential—while making it clear...
Modern Wealth Adds $1.2B Retirement Plan Advisory
The retirement head from acquisition Beltz Ianni & Associates notes a desire to grow the firm with Modern Wealth’s additional...
House Passes Expanding Access to Capital Act
Act includes amendments including CIT-expansion to 403(b)s and updating electronic disclosures.
The Standard Adds Personalized Managed Account Solution
The offering comes via partnership with Stadion Money Management and includes the option of an adviser-managed account setup.