Experts: Big Investors, Fiduciaries in “Purgatory” Awaiting DOL ESG Rule
Lack of clarity from the DOL about ESG governance for retirement plans added to a drop in ESG incorporation by...
News
PBGC Provides $32.7 Million to Struggling Bricklayers Pension
The Akron, Ohio-based multiemployer plan had been providing benefits to nearly 400 participants at below half the level it was...
Investment Product and Service Launches
Bloomberg launches global aggregate green, social, sustainability bond indices; AllianzIM expands lineup of U.S. large cap buffered ETFs; Morningstar Direct...
OneDigital, CAPTRUST, Continue Wealth Management Acquisition Binge
OneDigital’s buying spree adds up to $10 billion in additional assets under advisement this year, while CAPTRUST adds fourth deal...
Private Real Estate Funds Are Up 7.4%. Can More DC Participants Get a Foot in the Door?
Private real estate investments typically only available for institutional and wealthy investors can be a stable hedge against inflation and...
FINRA Prompts Succession Planning for Aging Adviser Industry
Financial Regulator FINRA issues guidance on succession planning for the graying adviser space, including small firms looking to sell.
SEC’s Proposed Outsourcing Rule Could Be Hardest on Small Advisers
The new rules, if approved, would likely require more catch-up by smaller firms to vet third-party providers, says a legal...
Direct Indexing Drumbeat Continues with Morningstar Adviser Offering
Morningstar is the latest entrant to tout a direct indexing option for financial advisers, allowing them to invest directly in...
Allianz Life Launches Income Annuity for Use in DC Plans
Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan.
Adviser CEO Faces Up to 45 Years for Fraud, Keeping Employee 401(k) Contributions
Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the...
The Case for the 60/40 Portfolio’s Survival – In Two Charts
60/40 investing for long-term savers is coming under fire with the recent market downturn and rise in alternative options. Researchers...
SECURE 2.0 Likely to Pass this Year
Three separate bills, dubbed SECURE 2.0 when taken together, are likely to be passed into law by this December, according...
Retirement Consultant Gallagher Buys f3’s ‘Turnkey’ Wealth Management Platform
Gallagher says the deal adds a financial asset management platform to meet plan sponsor demand for holistic retirement plan participant...
SEC Marketing Rule to be Enforced Next Week
Compliance for a new rule aimed at preventing investment advisers from misleading clients goes into effect November 4, next Friday.
Which Party Does the Financial Industry Support?
It’s complicated. Data shows that some sub-industries within finance tend to support Democrats while others support Republicans.
Retirement Industry People Moves
Principal Financial Group hires U.S. insurance solutions distribution leader; Prudential Financial announces leadership succession for U.S. and international businesses; NEPC expands...
Advisers Turn to Managed Accounts as Demand for Customized Plan Design Options Grows
They began with broad adoption at large accounts, and smaller employers are increasingly considering them as a solution for their...
Half of Americans Say They’re Reducing or Stopping Retirement Savings Due to Inflation
An Allianz survey finds another 43% of Americans are also dipping into savings to meet costs. But recent PLANSPONSOR and...
Young Workers Want Cryptocurrency in 401(k)s
These workers are more likely to consider a broad range of retirement plan investments and want more options.
Investment Product and Service Launches
Betterment launches cryptocurrency offering; MSCI launches index for investors seeking net-zero transition progress; Prime Trust launches all-in-one IRA solution after...