HSA Ownership Boosts Confidence About Retirement Expenses
Those who have a health savings account are more certain about how they will cover future health care costs.
News
Vanderbilt Settlement Agreement Prohibits Data-Based Cross Selling
Plan fiduciaries have agreed to prohibit service providers from using data generated in serving the plan to market or sell unrelated products to Vanderbilt 403(b) plan participants.
Advisory Firm Wins Partial Summary Judgement in Mixed ERISA Ruling
The advisory firm of Slocum & Associates will not face class-action claims and has prevailed on some summary judgement arguments, but the ruling allows certain individual claims to...
In M&A Assessments, Culture Matters as Much as Revenue
The inside story of the acquisition of Blue Prairie Group by Cerity Partners shows the foundational importance of long-term relationships...
Retirement Industry People Moves
Empower Retirement announces newly created roles; Gramercy Funds hires El-Erian as part-time senior adviser; TRA adds regional sales consultant; and...
Settlement Agreement Reached in Dignity Health Church Plan Suit
Details of the settlement agreement will be available by approximately May 15.
Court Rejects City National’s Argument About Damages for Self-Dealing
City National argued that if a District Court had considered certain offsets to the damages award, it would have been clear that the bank never received more compensation...
Majority of Americans Foresee a Retirement Savings Shortfall
Fifty nine percent said it was only “somewhat likely” or “not at all likely” that their savings and Social Security will be enough to last them throughout their...
FINRA Voya Censure Highlights Share Class Pitfalls
In censuring the firm, FINRA highlights the important fact that Voya demonstrated “extraordinary cooperation” and had initiated its own investigation and correction program prior to involvement by regulators.
Treasury, IRS Ask for Comments on 2019-2020 Priority Guidance Plan
The 2019-2020 Priority Guidance Plan will identify guidance projects that the agencies intend to actively work on as priorities during the period from July 1, 2019, through June...
Nearly One-Third of Employers Embracing Student Loan Debt Programs
Among those that are, they are more likely than others to have measured their employees’ financial wellness.
Investment Product and Service Launches
Eaton Vance changes investment objectives and policies of funds, and Transamerica launches fifth managed risk ETF.
BoA Launches HSA Digital Platform
The aim is to make the tax-advantaged savings vehicle more accessible and easier to use
IFP Partners with AdvisorEngine and WisdomTree
The relationship will make the AdvisorEngine platform and WisdomTree model portfolios and ETFs available to IFP advisers.
IRS Expands Opportunities for Retirement Plan Sponsors to Self-Correct
The IRS Self Correction Program (SCP) has been expanded to include certain plan document failures and certain loan failures and a way to self-correct via plan amendments.
There’s an Untapped Market for ESG Investing
More investors than research has shown are interested in environmental, social and governance (ESG) investing, but most don't speak out, and many need education to help them invest...
Many Parents Sacrifice Retirement Savings to Fund Adult Children’s Lifestyle
Overall, 50% of parents have cut back on their retirement savings to help their kids out.
Avery Dennison Transferring $750M in Pension Obligations to AIG
The agreement covers 8,500 retirees, beneficiaries and deferred and active members.
Council Finds Noncompliance With ERISA Fidelity Bond Rules
For this reason, the ERISA Advisory Council is recommending that the Department of Labor relaunch the updated rules it published in Field Assistance Bulletin (FAB) 2008-04.
Vanderbilt 403(b) Plan Suit Settlement Includes Non-Monetary Relief
Vanderbilt will conduct a request for proposals (RFP) for a new recordkeeper, among other things.