News

Clams paid this year represent a $2 billion increase over the total benefits paid by the long-term care insurance industry in 2018.

The complaint claims ERISA violations against the company for allegedly deflating the plan’s value.   

The program provides health savings account educational tools to help expand an adviser’s knowledge about the intersection of health, wellness and finances.

J.P. Morgan Securities has agreed to pay $125 million to resolve what the SEC calls ‘longstanding failures by the firm and its employees’ to maintain and preserve certain...

An analysis from October Three also finds certain industries are more drawn to the plan design that is viewed as...

Investors rely on advisers to introduce them to and educate them on environmental, social and governance strategies, according to Nuveen’s...

The past two years have been challenging for institutional investors, but they have also brought about opportunities to address some...

The defendants’ motion for summary judgment, based on the release of claims and their contention that the plaintiff didn’t suffer an injury, was denied.

John Hancock Investment Management names new managing director; Transamerica selects large market retirement sales leader; Hub International acquires retirement plan...

State Street launches new retirement income strategy, while Federated Hermes launches two new ETFs.

Biden says the extension is meant to acknowledge that millions of borrowers are still coping with the negative financial impacts...

SEC Chair Gary Gensler says he looks forward to working closely with William Birdthistle, an at-times harsh critic of the mutual fund industry, to plan and execute a...

A transportation workers’ multiemployer pension plan will receive funds created by the American Rescue Plan Act of 2021 to pay retirement benefits.

The agency issued a supplemental statement in response to stakeholder concerns that private equity investments could be inappropriate for small DC plans.

The original lawsuit was dismissed in September, but the plaintiffs were given time to file an amended complaint, which they...

Like the many other ERISA lawsuits filed against large financial service providers, the complaint alleges that the defendants failed to...

The traditional view is that retirees prefer steady consumption as they age, but research suggests that spending declines as retirement progresses.

A new report from the Government Accountability Office suggests the SEC’s performance metrics for FINRA do not measure progress in achieving a specific mission or set appropriate targets...

TIPS work well for investors that do not have much flexibility but, for everyone else, real assets may be a...

Plan fiduciaries face a breach of duty of prudence claim over allegedly excessive investment and recordkeeping fees.