Investment Products and Service Launches
Franklin Templeton adds first alternative ETF; Innovator launches four power buffer ETFs; Vanguard announces lowered expense ratios on several ETFs;...
News
Wilmington Trust to Pay $5 Million to Settle ESOP Lawsuit
The motion cites as one reason for settlement “probable costs, in both time and money, of continued litigation.”
Schwab-TD Ameritrade Merger Challenged in Antitrust Lawsuit
The plaintiffs are concerned the combination of the two largest custodian companies in the U.S. will harm independent wealth managers as well as consumers, due to decreased competition...
Retirement Plan Participants Sue Ardent Health Services
A new lawsuit filed against Ardent Health Services closely mirrors many of the ERISA challenges filed in 2019.
M&T Bank 401(k) Lawsuit Settlement Agreement Includes Review of Investments
M&T Bank or its insurers will also pay a gross settlement amount of $20,850,000 into a common fund for the benefit of class members.
NAIC Committee Advances Annuity Transaction Suitability Rules
Notably, the proposed revisions to the Suitability in Annuity Transactions Model Regulation would provide a safe harbor for firms and producers that comply with the SEC’s Regulation Best...
What Might the SECURE Act Mean for Lifetime Income?
Giving retirement plan sponsors legal protections when they offer lifetime income products doesn’t change the fact that investors generally have...
Ways to Find Missing Participants
Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the ERISA fiduciary duty.
Advocates Hope a New Decade Will Bring Continued ESG Progress
Experts says environmental, social and governance investing mandates are being boiled down to more practical, discrete risk areas, such as cybersecurity or board diversity.
The SECURE Act Discussion Moves Into 2020
Past news coverage reveals some of what's ahead for the retirement plan industry now that the SECURE Act has been passed.
Plan Sponsors Sued for Investment Menu Practices
With regard to “improper selection and monitoring of plan service providers,” the lawsuit specifically names a broker/dealer representative whom it says was terminated in 2014 for “failure to...
The Year in ERISA Litigation
As have previous years, 2019 brought major settlements and decisions in retirement-plan focused litigation, including some precedent-setting appellate and Supreme Court decisions.
More Advisers Look for Co-Fiduciary Support from their B/Ds
A look at the results of the PLANADVISER Practice Benchmarking Survey between 2011 and 2019, showing some areas of significant evolution in the way advisers build and run...
2020 Will Be Another Year of Adviser Philanthropy
The editorial team of PLANADVISER was blown away by the generosity of advisers recognized in our 2019 Advisers Giving Back...
2019—the Year of Mergers and Acquisitions
Wells Fargo, PSC, Aspire, Charles Schwab, Hub International, CAPTRUST and many other firms have been involved in significant merger and acquisition activity this year.
Broad Benefit Trends to Watch in 2020
Employers are accustomed to having five generations in the workforce, but they now need to focus on the new expectations Gen Z brings to the workplace, Fidelity says.
Retirement Industry People Moves
Transamerica makes executive appointments; T. Rowe Price adds senior sales executives; the Segal Group hires senior vice president; and more.
UPenn Petitions Supreme Court to Review 403(b) Plan Case
The university argues that other courts would have required more than an appellate court did in its lawsuit to state a plausible claim.
Investment Product and Service Launches
LifeYield partners with financial tech provider; Vanguard changes manager structure of value funds; Northern Trust expands collateral management services; and...
Congress Has Passed the SECURE Act
The Senate voted Thursday to approve appropriations legislation that has subsumed the SECURE Act, after the House approved the same measure on Tuesday.