Client Service November 16th, 2023 Infosys Cybersecurity Event Disrupting Recordkeeper, Insurance Platforms T. Rowe Price, Vanguard, Principal, and Ascensus note ongoing system issues due to cybersecurity problem at US-based division of Infosys.
Products November 16th, 2023 Product & Service Launches – 11/16/23 Employee Fiduciary launches 401(k) fees calculator; Businessolver enhances MyChoice accounts HSA investment platform; BenchMine launches latest retirement plan insights; and...
Compliance November 16th, 2023 New Senate Bill Would Prevent Retirement Plans from Omitting Workers Aged 18-20 Many plans start participation at age 21; new legislation would require inclusion of anyone 18 or older.
Compliance November 16th, 2023 Biden Expected to Sign Continuing Resolution The resolution would prevent a government shutdown and keep the DOL funded through February 2.
Deals & People November 16th, 2023 Edelman Financial Engines Acquires PRW Wealth Management The firm is looking to sync its growing wealth management footprint to retirement managed account offerings, according to its CFO.
Client Service November 16th, 2023 Ascensus, Newport Nonqualified Platforms Hit by Infosys Cybersecurity Issue Ascensus and its Newport-owned nonqualified retirement systems have not been able to update participant accounts since November 2.
Practice Management November 15th, 2023 100% of Large Retirement Plan Advisories Now Include Wealth Strategy, According to T. Rowe In 2019, only half of plan advisers were considering a wealth strategy, but the opportunity to enhance profits by offering...
Data & Research November 15th, 2023 Low- to Moderate Income Workers Face Brunt of Climate Change Effects The financial situations of African Americans, Hispanics and women are particularly vulnerable to the results of extreme climate events.
Products & Services November 15th, 2023 Looking to Benchmark Managed Accounts? This Firm Has a Report for That Fiduciary Decisions explains its process for comparing personalized managed accounts to options such as target date funds.
Compliance November 15th, 2023 EBSA Denies Comment Period Extension for Fiduciary Proposal The regulator pushed back on industry requests to extend comment time for the controversial proposal; the period will still end...
Compliance November 14th, 2023 House Republicans Propose Budget Bill That Would Repeal DOL Rules Budget proposal for the DOL would prevent the regulator from implementing its ESG rule, independent contractor status and proposals on...
Products November 14th, 2023 Envestnet, Empower Launch 401(k) Plan Solution for Financial Advisers The retirement platform is geared toward wealth managers seeking a plan option and includes four options for providers of target-date...
In Practice November 14th, 2023 Fewer Than Half of Workers Plan to Review Retirement Plan Contribution Corebridge experts recommend employees take advantage of this month’s open enrollment to expand their retirement savings.
Data & Research November 14th, 2023 Morningstar Ups Safe Starting Retirement Withdrawal Rate to 4% Higher fixed-income yields and lower long-term inflation estimates led to Morningstar raising the starting retirement withdrawal rate from last year’s...
In Practice November 14th, 2023 Adviser Talks: Scott Ciullo on Participant Enrollment The director of retirement plans for KerberRose Wealth Management walks through a case study for on-site participant enrollment.
Products & Services November 13th, 2023 Empower’s TDF-to-Managed-Account Offering Clocks $21B in Assets Recordkeeper's CEO notes potential for managed accounts and other participant offerings to grow on Prudential retirement migration.
Compliance November 13th, 2023 United Airlines Sues Advisers for ‘Scheme’ to Defraud 401(k) Pilot Participants A lawsuit filed in Minnesota federal court claims an independent advisory deceived participants by taking loans from their accounts for...
Compliance November 13th, 2023 New Bill Would Require Private Fund Disclosures for Chinese Investments Senators seek to stymie Americans’ retirement savings being invested in China and other "countries of concern."
Deals & People November 13th, 2023 Advisory M&A News – 11/13/23 Hub International adds Renaissance Benefit Advisors; Wealth Enhancement Group acquires Retirement Advisory Group; Hightower announces strategic investment in Resource Consulting...
Client Service November 10th, 2023 Navigating ESG: Surveying the Landscape Knowledge about ESG, integration and greenwashing remains low, according to experts at a PLANADVISER event.