Compliance July 22nd, 2024 5th Circuit Appeals Court Sends DOL ESG Case Back to Texas Court A challenge to the 2022 Department of Labor ESG rule on 401(k) plan investing returns to a Texas district court...
Compliance July 22nd, 2024 PBGC Single-Employer Insurance Fund Tracking for $71.6B Surplus in 2033 What’s more, the Pension Benefit Guaranty Corporation’s multiemployer fund should remain solvent for at least 40 years.
Compliance July 22nd, 2024 DOL Announces Online Filing for Abandoned 401(k) Plans The online system launches shortly after the DOL amended a rule to include Chapter 7 bankruptcies.
Practice Management July 22nd, 2024 Modern Wealth Surpasses $4B in Less Than 2 Years The RIA formed by partners who broke away from Goldman Sachs is building a workplace retirement plan and wealth advisement...
Products & Services July 22nd, 2024 Raymond James Steps Into ETFs, Adds Mo Sparks as Head of Division An ETF product platform is expected to launch in 2025.
Compliance July 19th, 2024 IRS Proposals Aim to Clarify SECURE 2.0 RMD Reforms RMD age increases, annuities and excise tax corrections would be codified by the proposals.
Deals & People July 19th, 2024 Retirement Industry People Moves – 7/19/24 Alternatives specialist Camarda joins Star Mountain Capital; Nuveen promotes Malik to head of equities, fixed income; FINRA adds SVP heads...
Data & Research July 19th, 2024 Financial Adviser Turnover Steadies After Post-Pandemic Churn A new report by ISS Market Intelligence found adviser turnover reverting to the mean and a continuing trend of advisers...
Data & Research July 19th, 2024 Facing Delayed Retirement, Many Americans Wish They Had Started Saving Sooner According to new reports from Voya and F&G Annuities & Life, most Americans wish they had started saving for retirement...
Compliance July 18th, 2024 IRS Finalizes 10-Year Rule Annual required minimum distributions will be required for inherited retirement assets, come 2025, with some needing to be fully withdrawn...
Compliance July 18th, 2024 IRI Seeks Input on Annuity Data Standardization Group wants ideas on how best to compile relevant data so annuities can be marketed more effectively.
Products & Services July 18th, 2024 Product & Service Launches – 7/18/24 Pearl Diver Credit Co. Inc. launches initial public offering; Ocean Park Asset Management announces launch of 1st ETFs; TIAA launches...
Deals & People July 17th, 2024 Human Interest Aims for Public Listing The BlackRock-backed 401(k) provider says its latest $267 million financing furthers a groundwork to go public.
Products & Services July 17th, 2024 Franklin Templeton Adds Clearwater Stable Value Technology Provider The partnership comes ahead of a likely drop in interest rates that will make the insurance-backed offerings more attractive.
Deals & People July 17th, 2024 Thornburg Investment Management Announces 2 Leadership Additions The firm named Billy Rogers as chief operating officer and Jodan Ledford as head of Institutional.
Data & Research July 17th, 2024 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...
Compliance July 16th, 2024 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...
Compliance July 16th, 2024 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...
Deals & People July 16th, 2024 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...
Products & Services July 16th, 2024 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.