Fixed Annuity Products Lead Annuity Sales
Fixed annuity sales rose 14% in the first quarter, with all fixed products except income annuities recording positive growth.
News
Retirement Prospects in the US: ‘Not Great, Not Bad’
Among U.S. workers who have already retired, just 3% describe their situation as ‘living the dream,’ while 37% say they are comfortable.
BNY Mellon Adviser Settles SEC Charges Over Greenwashing, Pays $1.5 Million Penalty
Case focused on misstatements and omissions regarding ESG offerings.
Watch Today’s PLANADVISER Webinar on Advisory Firm Culture
What, exactly, is firm culture, and what does it take to build a positive and productive environment for staff and leadership alike?
Personalized Participant Investment Experience and Data Integration Are Top Priorities for Advisers
Advisers prefer managed accounts as a retirement income solution, a PIMCO survey shows.
exclusives
Compliance
Is the Traditional Fiduciary Insurance Model at Risk?
One legal professional at a fiduciary insurance firm argues that the ‘indiscriminate nature’ of recent ERISA lawsuit filings could eventually culminate in a crisis for the retirement plan industry’s current approach to risk management and fiduciary insurance.
Confirmation Vote Set for Lisa Gomez, EBSA Nominee
The long-awaited full Senate hearing is now on the docket for next week.
Deals & People
Data & Research
Retirement Industry People Moves
OneDigital names vice president of product; Advisor Group acquires Infinex; T. Rowe Price appoints senior ESG leader; Voya hires chief information security officer; and more.
A Profound Opportunity for Advisers
A new survey report notes that women control a third of total U.S. household financial assets today—more than $10 trillion—and as much as $30 trillion more is expected to shift into the hands of U.S. women over the next five years.
Products
Investment Product and Service Launches
Pacific Life announces collaboration with Wespath and WTW on qualifying longevity annuity contract option; Principal Global Investors launches active real estate ETF; and BNY Mellon Investment Management partners with UBS to offer model portfolios.
Compliance
NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit
The plaintiffs in the suit, who have already sued their plan sponsor, are now bringing a service provider into the litigation.
Compliance
Barnabas Health Latest to Settle ERISA Suit
A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than a year after a judge allowed the case to proceed past the defense’s motion to dismiss.
Compliance
Data & Research
Data & Research
‘Massive’ Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
The SEC says the charges and settlement show even the most sophisticated institutional investors, like pension funds, can become victims of wrongdoing.
Why Small Business Owners Often Resist 401(k)s
Two of the reasons most commonly cited by small business owners for not offering a retirement plan are the beliefs that their business is too small to qualify and that they can’t afford a match.
How Technology and Personal Values Can Help Advisers Build Trust
Both retail and institutional investors see technology as a means of creating more transparency and broadening access to markets and advisory products.