Generative AI, Email Scams Lead Cyber Fraud in 2024
One of the biggest challenges executives cite in fraud prevention is that employees don’t always follow fraud prevention policies, according to research from Trustpair.
News
DC Retirement Plan Balances and Contributions Rising, Fidelity Reports
More than two-thirds (69%) of employees and 67% of employers endorse retirement plans as a ‘must-have’ employer benefit, according to...
Retirement Industry People Moves – 2/14/25
The Standard names a regional vice president in retirement plans; Nationwide Retirement Solutions welcomes a consultant relations manager; Easterly Asset...
Answering Questions About SECURE 2.0 Catch-Up Provisions
Speakers at the PLANSPONSOR Roadmap livestream discussed the administrative challenges of implementing the Roth and age 60 to 63 catch-up...
Insurers Seek Private Market Exposure, Take More Risk in Portfolios
According to Conning’s annual insurance investment risk survey, insurance investors are far less concerned about inflation than in recent years...
Corporate Pensions Continue Funding Surplus Rise in January
Many companies with pension funds in surplus are choosing to outsource the investment management of their portfolios or to offload their plan liabilities to insurers.
Product and Service Launches – 2/13/25
Zocks partners with Carson Group to accelerate client intelligence; Vestwell unveils emergency savings account offering; Antares launches private credit fund;...
Income Target-Funds Reach $22B in Assets in 2024
A majority of workers participating in employer-sponsored plans (86%) said they want their employers to offer in-plan retirement income options.
ERISA Industry Committee Outlines Latest Employer Priorities
In its letter to Congress, ERIC urged lawmakers to ‘preserve and protect’ ERISA, maintain tax incentives in health and retirement...
American Benefits Council Advocates for Tax Preferences for Next 5 Years
In its policy guide, the national trade association emphasized the importance of protecting retirement and health plans under ERISA and...
Daniel Aronowitz Nominated to Head EBSA
President Donald Trump’s nomination of Aronowitz, an expert on fiduciary liability insurance, was received in the Senate on Tuesday.
DOL Files to Pause Appeal of Fiduciary Rule
Under the previous administration, the Department of Labor had filed notices of appeal in the fall of 2024 in two...
Most Advisers Say Bitcoin and Digital Assets Misaligned With Fiduciary Duty
Advisers see a more favorable regulatory environment but also seek more independent education about cryptocurrency assets.
Larry Restieri to Succeed Bob Oros as CEO of Hightower Advisors
During Oros’ tenure as CEO, he oversaw more than 50 M&A transactions, including the addition of NEPC, and grew assets...
Schlichter Joins 401(k) Forfeiture Suit Fray
The plaintiffs in the case against Charter Communications Inc. allege the telecommunications giant ‘misused’ forfeited plan assets when reducing the...
Unions’ Motion for Restraining Order Against DOL Blocked
A judge blocked an attempt from several union groups and a think tank to prevent the Department of Labor from...
DC Asset Growth Leads Global Retirement Assets to Reach $58.5T
Defined contribution assets have grown by an average of 6.7% per year since 2014, while defined benefit assets have grown...
Advisory M&A News – 2/11/25
Prime Capital Financial Expands in Southeast with Sugarloaf Wealth Management; CW Advisors Adds Two Boston-Area RIA Firms; Cetera Adds Teams...
What to Know About Part-Time Employee Eligibility for Retirement Plans
Effective January 1, the SECURE 2.0 Act makes part-time employees who have met service criteria eligible for employer-sponsored retirement plans.
Legal & General to Sell 20% Stake in PRT Business
In addition to the pension risk transfer stake, Japanese insurer Meiji Yasuda will acquire all of L&G’s U.S. protection business...