Product and Service Launches – 2/13/25
Zocks partners with Carson Group to accelerate client intelligence; Vestwell unveils emergency savings account offering; Antares launches private credit fund;...
News
Income Target-Funds Reach $22B in Assets in 2024
A majority of workers participating in employer-sponsored plans (86%) said they want their employers to offer in-plan retirement income options.
ERISA Industry Committee Outlines Latest Employer Priorities
In its letter to Congress, ERIC urged lawmakers to ‘preserve and protect’ ERISA, maintain tax incentives in health and retirement...
American Benefits Council Advocates for Tax Preferences for Next 5 Years
In its policy guide, the national trade association emphasized the importance of protecting retirement and health plans under ERISA and...
Daniel Aronowitz Nominated to Head EBSA
President Donald Trump’s nomination of Aronowitz, an expert on fiduciary liability insurance, was received in the Senate on Tuesday.
DOL Files to Pause Appeal of Fiduciary Rule
Under the previous administration, the Department of Labor had filed notices of appeal in the fall of 2024 in two...
Most Advisers Say Bitcoin and Digital Assets Misaligned With Fiduciary Duty
Advisers see a more favorable regulatory environment but also seek more independent education about cryptocurrency assets.
Larry Restieri to Succeed Bob Oros as CEO of Hightower Advisors
During Oros’ tenure as CEO, he oversaw more than 50 M&A transactions, including the addition of NEPC, and grew assets...
Schlichter Joins 401(k) Forfeiture Suit Fray
The plaintiffs in the case against Charter Communications Inc. allege the telecommunications giant ‘misused’ forfeited plan assets when reducing the...
Unions’ Motion for Restraining Order Against DOL Blocked
A judge blocked an attempt from several union groups and a think tank to prevent the Department of Labor from...
DC Asset Growth Leads Global Retirement Assets to Reach $58.5T
Defined contribution assets have grown by an average of 6.7% per year since 2014, while defined benefit assets have grown...
Advisory M&A News – 2/11/25
Prime Capital Financial Expands in Southeast with Sugarloaf Wealth Management; CW Advisors Adds Two Boston-Area RIA Firms; Cetera Adds Teams...
What to Know About Part-Time Employee Eligibility for Retirement Plans
Effective January 1, the SECURE 2.0 Act makes part-time employees who have met service criteria eligible for employer-sponsored retirement plans.
Legal & General to Sell 20% Stake in PRT Business
In addition to the pension risk transfer stake, Japanese insurer Meiji Yasuda will acquire all of L&G’s U.S. protection business...
2024 Sees Net Inflows of $3.1B to 529 Tuition Savings Plans
A provision of the SECURE Act 2.0 of 2022 that permits certain assets saved for education to be rolled over...
Retirement Industry People Moves – 2/7/25
Newfront Retirement Services adds associate vice presidents; CFP Board announces CEO Keller to retire in 2026; Focus Financial Partners names...
Most Workers Acknowledge the Importance of DC Plans
Nearly half of individuals with a DC plan said they probably would not be saving for retirement if not for...
House and Senate Reintroduce Bills to Permit CITs in 403(b) Plans
The Investment Company Institute released a statement supporting the congressional effort on Thursday.
Product and Service Launches – 2/6/25
PensionBee and SS&C offer safe harbor IRA; Future Capital and Axos Clearing facilitate 401(k) management for wealth clients; East Coast...
Will Trump DOL Move Away From Biden Independent Contractor Classification Rule?
Oral arguments in Frisard’s Transportation LLC v. United States DOL were scheduled to begin early this month, but under the...