SECURE 2.0 Bill Contains Popular and Widely Anticipated Retirement Reforms
Legislation now needs Congressional approval, along with the budget, and the president’s signature this week.
News
Retirement Advisers Increasingly Want PEP Option in Toolbox
Pooled employer plans are still a nascent offering in the retirement market, but an increasing number of advisers want them...
Betterment, Vanguard Find Workers Tapped Retirement Savings in 2022
Workers are increasingly dipping into savings to cover costs that are increasing due to inflation, creating a moment for advisers...
Lori Lucas Will Retire as Head of EBRI
The CEO of nearly five years will turn to fiction writing in 2023, leaving a remarkable legacy at EBRI.
RetireOne Adds Nationwide RIA Annuities As Advisers Consider Options
Insurance outsourcing firm RetireOne partners with Nationwide on annuities for investment advisers. But recent research brings into question just how...
Senator Braun and Congressman Barr Resolve to Overturn “Woke” ESG Rule
The two legislators introduced a resolution Thursday that would invalidate the DOL’s new rule permitting ESG in retirement plans. It...
Retirement Industry People Moves
Northern Trust makes key fund hires; Edelman Financial Engine buys California-based retirement advisory; Prime Capital Partners with PFS to enter...
Investment Adviser M&A Activity Expected to Mellow in ’23
Expectations for RIA valuations and M&A activity reach lowest levels in five years of annual surveying by DeVoe & Company.
Experts: Employers Can Help with Student Loan Management
There are numerous student loan debt assistance and benefit options that advisers can bring to employers, according to a panel...
Investment Service and Product Launches
John Hancock launches equity income portfolios; RBC launches U.S. mutual funds with exposure to global markets; FundFront unveils third liquid...
SEC Votes to Advance Trading Proposals
The four proposals aim to improve competition and transparency in securities trading.
Certified Financial Planner Board Issues Crypto Guidelines
The nonprofit warns financial planners that crypto-related assets “can be speculative and volatile.”
When Merging Retirement Planning and Wealth Management, Participants Must ‘Come First’
As retirement planning and wealth management begin to overlap, a dividing line must be drawn between them for both business...
Workers, Employers, Contributed to Retirement Plans at Record Rates
Retirement contribution rates reached record highs, with combined worker and employer contributions equal to 13.9% of pay in 2021, new...
Study: Women Say Competing Priorities Hinder Retirement Saving
Although women live longer than men, many retire earlier than planned and few can save enough to reach the income...
Democrats Suggest SEC Should Reform Scope 3 Climate Disclosure Proposal
Scope 3 disclosure requirements are losing support in Congress.
Fintech SMB Plan Providers Saw Growth in ’22 On Low-Fees, State Mandates
Firms offering low-cost smaller company retirement plans say business is booming despite market volatility, but opinions are mixed on how...
Participants Regain $1.4 Billon Thanks to EBSA’s Interventions
The largest category of plan money recovery was from enforcement actions.
Morningstar Launches Platform to Compare, Sell Annuities
The investment research firm has built the Annuity Intelligence Center for advisers amid a boom in the insurance product due...
Investment Advisers Seek Talent Amid Staff Shortage
Investment advisers are prioritizing talent acquisition and retention due to client growth and strong business performance, according to Charles Schwab.