Mutual Fund Fees in 401(k)s Have Dropped by More Than Half This Century
ICI data show the steady drop in mutual fund fees, even as the most popular 401(k) investment vehicle faces competition...
News
Off-Channel Communication Tops Investment Adviser Compliance Focus
Communications such as using personal texts with clients topped the marketing rule as the ‘hottest’ SEC regulatory concern for investment...
Insurers Respond to DOL to Forward Fiduciary Rule Lawsuit
Insurance industry advocates press forward with an attempt to get an injunction on the Retirement Security Rule before the September...
Retirement Law Group Rebrands as Fiduciary Law Center
Jason Roberts’ ERISA legal practice aims to represent the broader footprint of its services while also bringing on Matthew Eickman...
Osaic Enhances Retirement Income Tool for Financial Advisers
The wealth management platform augments its income planner for financial advisers currently managing more than $4 billion per year.
TPA-Advocate Group NIPA Names Next Officers
The institute taps five 2024-2025 board officers.
Why Chevron Reversal May Make Retirement’s ‘Most Cautious’ Players More Risk-Averse
ERISA experts also suggest that longer-term court rulings could lessen regulatory flip-flopping.
Retirement Industry People Moves – 7/12/24
Cambridge Investment Research hires Robertson as senior director of retirement plans; FinServ adds Treichel, Rhoiney to board; Voya brings Mullaney...
Product & Service Launches – 7/11/24
T. Rowe Price launches tax-free fixed-income ETF; Broadridge adds values-based investing tool for advisers; and Principal brings second annuity with...
White House Announces Nominee for PBGC Director
Employee benefits attorney Deva Kyle was tapped by the Biden administration to head the Pension Benefit Guaranty Corporation.
Bain Capital and Partners to Acquire Envestnet for $4.5B
The firm is slated to go private through purchase by Bain Capital and Reverence Capital, along with partners BlackRock, Fidelity,...
Prime Capital Rebrands Qualified Plan Advisers Division
Prime Capital Retirement will be part of Prime Capital Financial in a wider rebrand.
House Committee Advances Bill to Vacate Retirement Security Rule
The vote passed the House Education and Workforce Committee, but no vote has yet been scheduled for the full House.
Swing Pricing, Predictive Analytics, Safeguarding SEC Proposals to be Re-Proposed
The SEC aims to try again with its rules on predictive analytics and safeguarding by year’s end and for swing...
Gen X, With Retirement “Around the Corner,” Not Confident in Income Replacement
Three distinct reports agree Gen X needs financial guidance via the workplace—with participants valuing transparency and honest dealing.
NPPG Touts SEC Registration for Administering PEPs
Pooled plan provider NPPG advocates for registration if there is 3(38) investment selection responsibility, but a PEP expert argues it...
J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings
Stifel and Commonwealth ranked highest among employee advisers and independent advisers, respectively.
Vanguard Leans Into DC Adviser Outreach
The recordkeeper and asset manager has made recent investments in consultant relationships as a tactic to grow its workplace plan...
ERISA Advisory Council Makes Case for Annuities as Part of QDIA
An ERISA Advisory Council hearing explored expanding the use of annuities in default investment offerings.
Advisory M&A News – 7/8/24
Aquiline Capital acquires majority stake in Isio Group; Countiss Wealth Management debuts; Wealth Enhancement Group adds Starfox Financial Services.