Data & Research June 28th, 2023 Gender Savings Gap Closing Among Younger Generations, Bank of America Reports Account balances among millennial men exceed women by 23%, significantly less than the average gender gap of 50%.
Client Service June 28th, 2023 Vestwell Expands MEP and PEP Solutions Vestwell's new offerings include a range of “affordable 401(k) plan options” for advisers to provide small and medium-sized business clients.
Data & Research June 28th, 2023 BlackRock, Policy Group Detail Results of Delaying Social Security, Adding Guaranteed Income Researchers ran participant simulations to show retirement income spending power could get an almost 30% boost with the strategies.
Compliance June 27th, 2023 Does Swing Pricing Have a Time Zone Problem? Several House Democrats expressed concern to SEC officials that a hard close at 4 p.m. Eastern time would discriminate against...
Data & Research June 27th, 2023 Fidelity Sees Jump in Quantity, Value of RIA M&A Deals Since 2020 During the last three years, 492 transactions took place, compared to 146 during a similar period from 2017 through 2019.
Deals & People June 27th, 2023 Voya Chief Client Officer Exits William Harmon is leaving the recordkeeper, with two senior leaders taking up the role of outreach to advisers and plan...
In Practice June 27th, 2023 Experts: Plan Committees Need Consistent Focus on Cybersecurity Communicating digital safeguards to participants and engaging IT teams are key, experts said at the PLANSPONSOR National Conference.
Compliance June 26th, 2023 House Appropriations Bill Would Block Safeguarding and Swing Pricing Proposals, Among Others The legislation also targets the climate disclosure and market structure proposals.
Deals & People June 26th, 2023 Advisory M&A Moneco Advisors receives minority investment; Integrated Partners creates Insurance Solutions Division; Omnia Wealth Group launches with support from LPL Financial.
The Markets June 26th, 2023 BlackRock Changes Up Public Policy Team Samantha DeZur will now head U.S. division of team focused on public policies regarding investors’ long-term interests.
In Practice June 26th, 2023 Are Your Clients Insured Against Cyber Threats? Experts share tips for how plan sponsors can protect themselves from the increasing threat of cybersecurity attacks and evolving litigation.
June 25th, 2023 CalPERS, CalSTRS Hit By Third-Party Cybersecurity Breach The public employee retirement systems are working to notify people with exposed accounts.
Data & Research June 23rd, 2023 Median Retirement Plan Value Hits Record Low in 2022 Market volatility also contributed to declines in average plan balances, contribution rates and overall plan participation, according to Alight.
The Markets June 23rd, 2023 Number of Investment Advisers Hit Record High in 2022 The uptick occurred even as assets under management fell for the first time since the 2008 financial crisis, according to...
Deals & People June 23rd, 2023 Retirement Industry People Moves DriveWealth appoints Pizzorusso as global CFO; Burke joins Cetera Advisors; Hub International Mountain Welcomes Executive VP; and more.
Compliance June 23rd, 2023 IAA: SEC’s Pending Adviser Proposals Are Redundant, Inconsistent A letter from the industry association outlines what it calls overlap and inconsistencies between them.
Compliance June 23rd, 2023 American Benefits Council: Roth Catch-ups Can’t Be Done in Time The new mandatory Roth treatment for certain catch-ups introduced by SECURE 2.0 continues to concern retirement professionals.
Deals & People June 22nd, 2023 OneDigital Acquires $3.8B Retirement, Wealth Shop StoneStreet Equity The deal is the fourth retirement and wealth acquisition of the year for OneDigital and expands its Northeast presence.
Client Service June 22nd, 2023 Empower CEO Expects Continued Recordkeeper Consolidation Edmund Murphy discussed Empower’s push into wealth management and building brand name recognition during investor day.
Deals & People June 22nd, 2023 Carson Group Expands Retirement Planning With Equity Stake in Northwest The adviser network aims to ‘better compete’ for retirement plan business.