Attorneys for the defense in Kennis vs. Metropolitan West say their victory in district court could be a turning point in a trend of securities litigation that emerged after a Supreme Court decision known as Jones vs. Harris.
Gramercy Funds hires global head of business development; Ascensus acquires retirement and benefits solution adviser; Private equity director joins Hirtle Callaghan; and more.
It assigns points to various plan and participant features and recommends ways to improve participants’ retirement readiness outlook.
Northern Trust enhances securities lending offering; Global X adds ETF suite to Model Market Center; and Cohen & Steers makes changes to REIT mutual fund.
The program’s aim is to help advisers streamline their practices.
Brexit uncertainty. An inverted yield curve. A burgeoning trade dispute between the U.S. and China. Slowing global growth and shifting currency valuations. Is it all enough to spark a recession?
Retirement plan fiduciaries at Intel are accused of exposing investors to bets on speculative areas of the markets.
After previously failing to get DOL approval for a target-date fund design that involves an annuity and reinsurance component, LGIMA hopes the Trump Administration will more readily allow such private sector innovations.
It leverages biometrics, education and on-the-go account access to help instill confidence in retirement plan participants and make transactions quick and easy.
Plan advisers can help 403(b) plan sponsors looking for downside protection, active strategies and target-date funds (TDFs) that can be used as a decumulation vehicle in retirement.
The courses are designed for both plan advisers and sponsors to help them manage 401(k) plans more effectively.
The plan, in development for the past two years, is being offering in partnership with Ryan Insurance Strategy Consultants.
The lawsuit, alleging the act that created the program is preempted by ERISA, was filed less than a year after the Trump administration and Congress cancelled an ERISA safe harbor established by the Obama administration.
A federal court judge found Metropolitan West Asset Management, LLC charged a reasonable fee for a fund it advises, considering the services it provides and risks it takes for the fund.
It was also the 18th month in a row that net trades have moved from equities into fixed income
Despite a market “teeming with better-performing alternatives,” the plaintiffs say, Walgreen selected the Northern Trust Funds, which already had a history of poor performance.
BPAS and F&M Trust link regional retirement plan businesses; Grant Thornton adds Advisory Services principal; Nuveen updates portfolio management group for two funds; and more.
A new IRS private letter ruling essentially conforms the tax treatment of properly structured advisory fees from non-qualified annuity contracts to those paid out of qualified accounts, which typically are not treated as taxable distributions.