Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
DOL's final rule clears regulatory hurdles for retirement plan fiduciaries to implement, or ignore, ESG investing.
Judge Recommends Dropping Most of $4.2B Retirement Plan Suit Against Nestlé
A U.S. District Court judge sided with Nestlé’s motion to dismiss most of the claims in a 401(k) class action...
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
The DOL announced a final rule that retirement plan fiduciaries can consider climate change and other ESG factors when selecting...
Alternative Asset Managers Release Tool for ESG Disclosure
The ESG Integrated Disclosure Project is intended to provide a standard format for ESG-related disclosures and to offer companies a baseline...
S&P Global Settles Mortgage-backed Security Case with SEC
Ratings agency agrees to $2.5 million fine over charges its sales and marketing team influenced analytics.
Self-Directed Investors Confidence Down Due to Challenging Market
Nearly half of self-directed investors feel less confident in their ability to save enough money to live comfortably throughout retirement,...
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
Retirement plan advisers respond to DC recordkeepers that are present, active, and trusted partners, according to an annual Cogent Syndicated...
SEC Collects Record $6.44B On 760 Enforcement Actions in Fiscal 2022
The regulator raked in close to $4.2 billion in civil penalties, nearly three times the $1.46 billion collected the previous...
Top ESG Focus Areas for Big Investors Are Labor Rights, Gender Equality
Institutional investors in Q3 are not overwhelmingly focused on climate issues, with 41% considering social and governance concerns, according to...
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
Two new programs focus on advancing diversity in the financial management space by working with historically black colleges and students.
Sharp Year-End Decrease In Bonuses Expected for Financial Sector
In the financial services sector, base salaries increase 4% to 5% for the second straight year in 2022, while bonuses...
Expert Panel: Today’s Retirement Plan Advisories Require Specialization
An evolving small business market, increased regulation, and shifts in client needs all lead to more specialized retirement plan advisement,...
Current Annuities Boom Still Likely Faint for DC-Plan Advisers
Annuity sales are on a tear in 2022, drawing interest, but potentially limited implementation from defined contribution retirement plan advisers...
Retirement Account Balances Down 21% or More in Q3, Fidelity Data Shows
Data from more than 35 million participants in Fidelity accounts shows a steep hit to balances during the market downturn,...
Subpar Technology Could Steer Clients Away from Advisers
Many advisers complain about lack of automation and functionality and prefer a platform that gives them more time to focus...
HUB Expands Wealth Management Footprint with Purchase, On Pace for 70 Acquisitions
Hub’s recent acquisition of Tulsa-based Bridgecreek puts it over 60 acquisitions this year as it continues to build its footprint...
Retirement Plans Still Vital in Talent War to Retain Employees
Research from Voya finds U.S. workers still value a retirement plan about as much as a flexible work arrangement. Ubiquity...
DOL Rejects ForUsAll’s ‘Tactical Retreat’ in Crypto Retirement Case
The DOL shot back at 401(k) provider ForUsAll’s offer to drop its suit if the court confirmed a DOL warning...
53% of Savers Who Rely on Workplace Plans Don’t Work with Advisers
U.S. consumers have a growing appetite for professional financial advice, but more than half of people relying on their employer-sponsored...
Recordkeeper Consolidation Leads to Drop in Proprietary Product Share, Opening Door for Asset Managers
The consolidation of DC plan providers may not be as much of a threat to asset managers as some have...