Retirement Industry People Moves – 3/8/24
Alerus adds retirement sales consultant; Voya hires sales director; PSC retirement gets new CEO with PE deal; and more.
Prudential, RGA Assume Verizon Pension Obligations of $5.9B
The telecom giant announced the pension risk transfer through its purchase of single-premium group annuity contracts covering 56,000 retirees.
House Approves Measure to Allow CIT Use in 403(b) Plans
The amendment is a first step in meeting industry calls to extend the lower-cost investment vehicle beyond 401(k) plans.
Why Advisers Should Think of Social Security as a Fixed Asset Class
A retirement plan adviser is pushing the industry to consider Social Security’s place as a fixed asset for U.S. workers—and...
Product & Service Launches – 3/7/24
Orion, DPL partner on annuities marketplace for advisers; Morgan Stanley launches private markets transaction desk; Just Futures announces 'values-driven' 401(k)...
Morgan Stanley Heads to Market With New Participant Education Program
The firm’s Graystone Consulting group and institutional retirement advisers are pitching plan sponsors on a revamped financial education program with...
401(k) World: Cyber Thieves
The fifth in our Planadviser In-Depth series delves into cybersecurity threats to retirement plan assets and the industry’s approach to...
Advisers Are Skeptical of AI’s Potential. This Economist Says It May Be at Their Own Loss
Behavioral economist Shlomo Benartzi took to LinkedIn to gauge how financial advisers view AI’s ability to replace humans. The response...
IRA Assets Climb to $13T, With Rollovers Fueling Growth
The ICI’s annual IRA report shows financial professionals continue to be the primary source for rollover advice, staying well ahead...
Retirement Industry People Moves – 3/1/24
SageView names Cowell director of participant education and engagement; The Standard appoints Maixner to national accounts sales director for retirement...
Vanguard CEO Buckley to Step Down This Year
The asset manager’s board will commence a search among internal and external candidates, while CIO Greg Davis has added the...
Product & Service Launches – 2/29/24
Robinhood kicks off gig workplace IRA offering with employers including Grubhub; The Hartford to offer Origin financial wellness program to...
401(k) World: DCIO Managers Adjust to Fee Pressures
The fourth story in this PLANADVISER In-Depth series considers how the rise of CITs and passive options have changed retirement...
LIMRA, SPARK Partner on Retirement Plan Fraud Prevention
The industry organizations plan to issue research and educational materials for plan sponsors regarding how to combat cyber fraud in...
‘Exploding Market’ for 401(k)s May Help Shrink Coverage Gap
SECURE 2.0, state mandates, PEPs and engaged financial advisers can all help boost qualified plan offerings, according to providers.
Why 529 Accounts’ Evolution Makes Them Stronger Tools for Advisers
529 accounts not used for education can now be put into Roth IRAs, further strengthening the offering as an employee...
FlexPATH, Wood Group Beat TDF-Selection-Based Lawsuit
A 401(k) complaint alleging fiduciary imprudence was rebutted in a 70-page review of the committee’s selection and review process.
Creating an Exceptional Onboarding Experience for Your New 401(k) Clients
Retirement plan marketing expert Rebecca Hourihan lays out a winning strategy for new client onboarding.
Toland, Finke to Launch Income Planning Tool to Visualize Withdrawal Options
Retirement and annuity experts created IncomePath, which can include an assessment of annuity options in a saver’s retirement income plan.
401(k) World: Recordkeepers, Advisers and ‘Co-opetition’
The third installment of Planadviser In-Depth’s series on the 401(k) market considers the various ways recordkeepers are looking to evolve.