The Year in Hardship Withdrawals and Leakage
Recordkeepers say their worst fears about plan leakage during 2020 have not come to pass, and in fact, the vast...
News
Retirement Industry People Moves
PCS makes additions to leadership team; Raymond James Financial acquires NWPS; and more.
Workers’ Retirement Confidence Has Declined Due to COVID-19
More than half have experienced one or more negative impacts to their employment.
Investment Product and Service Launches
Nuveen expands TDF solutions with new series; Avantis releases first bond ETF; Vanguard offers TRFs; and more.
Many View New DOL ESG Ruling as an Incentive to Sponsors
More retirement plans could begin offering environmental, social and governance funds in their lineups.
SECURE Act Dictates Long-Term, Part-Time Employees Be Included in Retirement Plans
But there are some options employers have with respect to enforcing this, such as allowing part-time employees to make their own contributions.
OneAmerica Launches Simplified Multi-Plan Tool
The feature comes at a time when administering multiple plans at once can be a confusing process for employers with little knowledge of the retirement industry.
House Democrats Introduce Pro-ESG Investing Bills
The lawmakers say their proposals to require more disclosure of environmental, social and governance information build on the proven principle that sustainable investing and profitable investing are not...
Ameritas Introduces Two Retirement Plan Choices
The Ameritas GPS platform and a 403(b) program aim to help participants meet financial goals.
Advisers Need to Realize Retirees’ Spending Needs Change Over Time
A new EBRI issue brief says there are four major things retirees focus on at any given time, but spending...
Diversity of S&P 500 Boards Continues to Improve
All S&P 500 boards have at least one woman for the first time, according to a study by Spencer Stuart.
Union Pension Funding Advocate Urges Immediate Action
Beyond the ethical imperative to address the crisis facing many multiemployer pensions, today’s ultra-low interest rate environment presents an opportunity too good to pass up, one union pension...
Practice Lessons Learned From the Pandemic
Virtual meetings and more personalized financial wellness programs are expected to continue.
DOL Publishes Final Fiduciary Prohibited Transaction Exemption
The final rule confirms the reinstatement of the traditional five-part test for determining fiduciary status, though it does not definitively state that advice regarding IRA rollovers necessarily triggers...
Benetic Introduces Provider Search Platform Tool
The new platform claims to reduce ‘months into minutes’ for RFIs and RFPs.
‘Annexus Retirement Solutions’ Launch Signals Rise of DC Plan Lifetime Income
The firm says the formal launch of Annexus Retirement Solutions precedes the rollout of innovative in-plan retirement income solutions in 2021.
Managers Expect Annuity Allocations to be Incorporated Into TDFs
In addition, Cerulli says it expects that plan sponsors and retirement plan providers will engage in more exploratory discussions about including private equity in target-date funds.
PBGC Director Says Legislation Needed to Help Multiemployer Plans
The agency's Fiscal Year (FY) 2020 Annual Report shows its multiemployer insurance program will become insolvent sometime in FY 2026.
15th Anniversary of RPAY: Rita Fiumara
Rita Fiumara of UBS Financial Services Inc. is an early entrant into the retirement plan industry, having worked in the...
Retirement Industry People Moves
Advisor Group and Securities America recruit Gaulden & Associates; NTSA hires executive director; retirement services SVP joins PlanMember; and more.