Executive Order Asks DOL to Consider Rescinding Last Rule on ESG Investing
President Joe Biden seems to want to pave the way for more environmental, social and governance investing in retirement plans.
News
Participant Insights: Misperceptions About 401(k) Plans Abound
Two of the most prevalent misunderstandings that keep workers from signing up—that it is too complicated, and that retirement is...
Gen X Participants Are Even More ‘Sandwiched’ After COVID-19
However, there are several helpful actions and concepts that advisers can bring to the table.
Financial Wellness Is Really About Financial Priorities
Retirement industry researchers say the pandemic will have a lasting impact on the way people rank and pursue their financial...
Workforce Representation Will Soon Skew Younger
With more Millennials and Gen Zers now in the workforce, financial advisers and employers must rethink their engagement with these...
State Street Sees Self-Dealing Allegations in ERISA Lawsuit
Participants in the State Street Salary Savings Program say their employer has engaged in self-dealing within the retirement savings plans.
Advisers Giving Back: ProCourse Races for Financial Fitness
In just three years of sponsoring a 401(k) Race for Financial Fitness, ProCourse Fiduciary Advisors has raised more than $100,000...
Russell Investments Draws Self-Dealing Scrutiny
Plaintiffs in a new ERISA lawsuit say Caesars Entertainment allowed Russell Investments to pack its plan with proprietary investment options,...
FPS, iJoin Offer Automatic Rollovers From 401(k)s to IRAs
The service is designed for small accounts with less than $5,000.
How to Prevent Retirement Plan Leakage
Educating participants about the importance of remaining committed to retirement savings and of the value of consolidating accounts is a...
Columbia University Agrees to Settle Excessive Fee Suit for $13 Million
The settlement agreement also includes non-monetary provisions related to bids for administrative services and share class selections for investments.
Retirement Industry People Moves
LifeYield appoints Merrill Lynch executive; Edelman Financial Engines acquires Viridian Advisors; Alerus selects retirement sales consultant; and more.
Bill Would Allow Retirement Plans to Use ESG Investments
The legislation, which follows a year of back-and-forth on ESG investing, would amend ERISA to make it clear that plans...
Investment Product and Service Launches
Stadion Money Management launches managed account technology; Vanguard expands access to private equity; and MSCI builds private infrastructure modeling service.
New York State Aims For Auto-Enroll Secure Choice Savings Program
Supporters say the yet-to-be-implemented Secure Choice Savings Program would offer a portable, payroll-deduction retirement savings option to millions of private-sector workers in the state.
Complementary ‘SECURE 2.0’ Legislation Introduced in Senate
The introduction of the Improving Access to Retirement Savings Act could be a key step toward eventual passage of retirement reforms that build on the momentum of the...
Advisers Have Their Eyes Keenly Trained on Risk Management
The majority prioritize effective risk management of their clients’ portfolios over generating the highest gains, Allianz found in a survey.
Advisers Need to Get Smarter About Life Expectancy
It can be a fraught and distressing topic of conversation, but an honest assessment of a client’s life expectancy is...
New T. Rowe Price/FIS Arrangement to Accelerate Recordkeeping Enhancements
Planned enhancements include recordkeeping modernization, additional retirement income experiences and new financial wellness capabilities, among others.
TRA Releases E-Book on Group 401(k) Plans for Advisers
It focuses on MEPs, PEPs and aggregation programs.