Retirement Industry People Moves
Brokerage Solutions Firm SaveDaily Hires Industry Veteran as CEO; Business Development Director Becomes RVP at John Hancock; OM Asset Management Rebrands as BrightSphere Investment Group; and more.
News
A Passionate Defense of ESG Investing from Connecticut Treasurer
While the investing rules controlling the Connecticut public pension fund are different from those governing corporate retirement plans, the argumentation as to why gun manufacturer divestment may be...
Non-Mortgage Debt Derails Retirement Savings for Many
Among those who said they would like to save more, 56% said retirement was a top reason; however, LIMRA found that debt is a major obstacle preventing many...
Trend for Accelerating DB Funding Set by Largest Plans
“We expect others in the industry will take similar actions,” says Justin Owens, director, Client Strategy & Research, Russell Investments.
Americans Plan to Turn to Advisers for Tax Reform Guidance
The Tax Cuts and Jobs Act has also increased Americans’ appetite for equities.
Investment Products and Services Launches
Wilmington Trust to Support Franklin Templeton CITs; Ryan Labs Releases Strategy for Corporate and Public Pensions; and TriLine Issues Energy-Related ETF.
DISRUPTION: 3(38) Market Leader CAPTRUST Talks Growth Trends
“If the whole DC plan advisory industry could have a do-over from say, 20 years ago, I think there would probably be much more of an emphasis from...
Register Now for the 2018 PLANADVISER National Conference
Annually, the top tier of retirement plan advisers from across the U.S., including the PLANADVISER Top 100 and the PLANSPONSOR Retirement Plan Advisers of the Year, gather in...
Most Women Worried About Life in Retirement
Only 25% expect life to be better in retirement, Nationwide found in a survey.
Georgetown University Targeted by Familiar ERISA Breach Allegations
Plaintiffs argue it was inappropriate to allow three recordkeepers to supply the plans with a separate menu of investment choices, including mutual fund share classes that charged higher...
Tax Reform Prompts Affluent to Seek Out Financial Planners
Fifty-three percent say that working with an adviser could help them meet their goals.
Arnerich Massena Offers Best Practices for Plan Monitoring
The latest in a series of white papers discusses monitoring investment menu managers, plan providers and plan fees.
Social Security Optimization Can Extend Retirement Portfolios by a Decade
In an exclusive interview with Bill Meyer, founder and managing principal of Social Security Solutions in Leawood, Kansas, PLANADVISER hears about some serious shortcomings in the conventional thinking...
Two Thirds of Millennials Have No Retirement Savings
Only one-third are participating in their retirement plan
Adviser Off the Hook in NYU 403(b) Plans Case
While dismissing a new complaint in the litigation about excessive fees in NYU's 403(b) plans, a federal judge also denied summary judgment in the original complaint, moving the...
More Than Half of Americans Not Contributing to a 401(k)
Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey
DISRUPTION: Transamerica’s New TPA Requirement Denotes Industry Pressures
Our series of exclusive interviews with retirement plan service providers, new and established, continues with Transamerica—which just recently announced a requirement that all new plans coming onto the...
Appointees to Multiemployer Pensions Committee Named
The Bipartisan Budget Act of 2018 established the committee and requires that it hold public hearings, and vote on its findings and legislative recommendations no later than November...
Court Finds Transamerica Not a Fiduciary in Fee Case
The same group of plaintiffs previously filed a lawsuit against John Hancock with similar allegations and a similar result.
Plaintiffs Won the Balance of ERISA Class Certification Motions in 2017
The number of Employee Retirement Income Security Act lawsuits winning class certification in 2017 far outstripped the number of suits within which class action status was denied; attorneys...