Deals & People August 18th, 2023 The PLANADVISER Interview: David Musto, Chair and CEO, Ascensus The head of Ascensus discusses the importance of partnering with advisers to foster innovation in the retirement plan space.
Compliance August 18th, 2023 State-Sponsored Retirement Plans Now Hold More Than $1B The pace of savings growth in state plans is accelerating, led by programs in California, Oregon and Illinois.
Deals & People August 18th, 2023 Retirement Industry People Moves Corebridge names Muderrisoglu head of investor and ratings relations; TIAA promotes Houser to head of institutional sales; Tifin Amp’s founder...
The Markets August 17th, 2023 Investment Product and Service Launches AmericanTCs, Allianz come to market with in-plan annuities; Lincoln Financial upgrades its RILA to combat market volatility; Altruist adds multi-account...
Data & Research August 17th, 2023 WTW: Employers Ramping Up Nonqualified Saving Options to Draw Key Execs 75% of employers made changes or plan to make improvements to their nonqualified deferred compensation plans, according to a survey.
Data & Research August 17th, 2023 Fidelity: Auto Default Contribution Rate Hits All-Time High of 4.1% The recordkeeper’s Q2 participant report also finds third-consecutive boost in average retirement account balances on strengthened markets.
Deals & People August 17th, 2023 Voya Adds New Roles, Expanding Wealth Solutions Team Shelly Nolfi and Holly Monday will join in the newly created positions of assistant vice president for client management and...
Products August 16th, 2023 Millennium Trust to Rebrand as Inspira Financial The rebranding comes after acquisitions including the purchase of CVS’s Payflex, which brought more employer-based solutions to the trust and...
Products August 16th, 2023 Adviser Product Partnerships Asure taps Vestwell to offer clients 401(k) benefit; NFP hires Ascend for insurance billing platform; NAIC and U.S. Bancorp partner...
Products August 15th, 2023 Maine, Colorado to Partner On State-Sponsored Auto IRA Maine will join Colorado’s state-sponsored employer retirement plan to reduce costs for savers in both states.
Compliance August 15th, 2023 Another BlackRock TDF ERISA Challenge is Dismissed An ERISA lawsuit alleging TDF underperformance by the asset manager for Cisco 401(k) participants has been dismissed.
Data & Research August 15th, 2023 Florida, Georgia, and Rhode Island Rank Lowest for Employer-Sponsored Retirement Plans Iowa, Idaho, and Montana came out on top when it comes to accessibility to workplace 401(k)s, according to analysis from...
Products August 15th, 2023 ADP, Morningstar Launch Managed Accounts for Small Business 401(k)s Payroll provider and investment manager cite goal of providing personalized retirement portfolio guidance to underserved small-employer market.
Compliance August 15th, 2023 American Airlines ESG Lawsuit May Move Ahead, According to Court Filing A judge overseeing the complaint brought by a former pilot has set a potential trial date; the airline has said...
Deals & People August 14th, 2023 Advisory M&A Cetera seals Securian deal with 91% retention; Sequoia adds wealth manager with practice area focused on clients with special needs;...
Compliance August 14th, 2023 Lawsuit Would Block Missouri’s Anti-ESG Advising Rule Requiring registered advisers to follow state-level ESG disclosure rules violates federal law, according to SIFMA’s lawsuit.
In Practice August 14th, 2023 Advisers Can Leverage Plan Sponsor Openness to Plan, Investment Changes, Research Finds Plan sponsor interest in areas such as reenrollment, in-plan retirement income, and financial wellness programs have grown, finds JP Morgan...
Deals & People August 14th, 2023 SageView CEO Long to Step Aside as Firm Pushes Further into Wealth Management Founder Long to take chairman role as John Longley, former SVB private wealth head, becomes CEO.
Products August 11th, 2023 The Standard Adds PEPs, Auto Step-Up Savings, Other Recordkeeper Services The retirement provider, which acquired Securian Financial’s $17 billion recordkeeping business last year, announced seven new features and products.
Compliance August 11th, 2023 Live Nation 401(k) Plan Escapes Class Suit, Moves to Arbitration A federal judge in California ruled for Live Nation in a motion to move the case to arbitration.