Mesirow Partners With Newport Group to Offer PEP
The pooled employer plan that will launch in 2021 is for small and mid-sized employers.
News
Commonwealth Launches Commonwealth Connect
The digital platform was built to help affiliated advisers foster connections.
SEC Chair Clayton Confirms Plan to Step Down at Year’s End
Jay Clayton’s stint at the helm of the Securities and Exchange Commission included oversight of the Regulation Best Interest finalization and implementation process, among other important projects.
Principal to Launch Pooled Employer Plan
With its PEP, the firm plans to simplify plan administration and reduce fiduciary risk to help more businesses offer a retirement plan.
PenChecks Launches Online Retirement Distribution Processing Platform
Called Amplify, it is meant to make it easier for TPAs, plan sponsors, recordkeepers and participants to handle distributions.
Vaccine Hopes Buoy Markets and Retirement Investors
Investment leaders say they are thrilled by the preliminary data being published about various coronavirus vaccines, and they have increasingly...
Retirement Industry People Moves
Newport purchases PAi; Hub acquires Leading Edge businesses; and more.
737 MAX Boeing Stock Drop Lawsuit Meets Familiar Fate
In the years since the Supreme Court handed a decision establishing strict standards for proving standing, very few stock drop cases have made it past the motion to...
Nearly One-Quarter of Health Care Workers Have Decreased Their Retirement Savings
It should then come as no surprise that 38% are less confident they will have enough money to live comfortably in retirement, TIAA found.
Optimism About Practice Growth as Pandemic Drags On
There is still a robust amount of activity when it comes to advisers winning existing plans, but there has been...
Investment Product and Service Launches
Northern Trust updates investor portal for alt asset managers, SSGA introduces corporate bond ESG ETF, and Mercer launches climate transition...
Voya Launches Online, Interactive Budgeting Calculator
The company continues to add to its digital retirement and financial wellness tools.
2020 M&A Action Continues: Shine Wealth Partners Joins CAPTRUST
Adding to a busy year of acquisitions for the aggregator firm, this will be CAPTRUST’s first location in Colorado.
DOL Announces Registration Requirements for Pooled Plan Providers
The rule implements the registration requirements for PEPs pursuant to the SECURE Act
Plan Advisers Have a Role to Play in Teaching Participants About Taxes in Retirement
Participants can make the right decisions about how to save and taking distributions in retirement when they understand taxation.
Participants Sue Amway Over Excessive Fees
Plaintiffs claim that as a jumbo plan, Amway had substantial bargaining power regarding investment fees and expenses.
Advisers Giving Back: Ken Catanella and Challenger Baseball
From the moment Ken Catanella, managing director at the Catanella Institutional Consulting Team of UBS, came across a Little League...
Baystate Fiduciary Advisors Latest to Join HUB International
The pandemic-triggered recession has not slowed down merger and acquisition activity in this space, as yet another PLANADVISER Top 100 firm has been acquired by HUB International.
New Life Expectancy Tables Will Decrease RMDs
The IRS has issued final regulations on mortality tables to be used for calculating required minimum distributions, which reflect longer life expectancies.
Adviser Industry Headcount Shows Solid Growth
Data shared by the Investment Adviser Association shows the number of SEC-registered investment advisers continues to grow at a steady...