Retirement Industry People Moves
T. Rowe Price Hires Head of Large Retirement Sales; Ascensus Appoints VP of Channel Management; PanAgora Asset Appoints Strategic Relationship Manager; and more.
News
Merrill Lynch Rethinks Move Away From Brokerage IRAs
Amid the effort to roll back the fiduciary reforms, retirement advice providers that moved early to get into compliance with the proposed conflict of interest standards are left...
Female Advisers Try to Include Both Spouses in Meetings
They are also starting to create women’s networks to retain female clients.
Investment Products and Service Launches
Schwab Partners with eShares; and USAA Deploys Military Retirement Comparison Tool.
U.S. Public Pension System Faces Many Hurdles
A new survey report from S&P Global Ratings examining the pension plans of the 15 largest U.S. cities “reveals some common trends and key factors related to net...
Guaranteed Income—Theoretically—a Popular Choice
Nonetheless, few people know where to find it, and many say their adviser doesn't bring it up.
Employees Using ESPPs Wisely, Fidelity Says
The investment firm says that employee stock purchase programs (ESPPs) can significantly boost workers’ savings.
JP Morgan 401(k) Target of Third ERISA Challenge
All three lawsuits filed in New York district court argue the company improperly favored its own investment options within the retirement plan offered to workers; the firm flatly...
401(k) Plan Trading Low for February
Aon Hewitt finds that trading among investors in DC plans during February was the lowest it has been in months.
Investor Understanding of Liquid Alternatives Remains Low
Research from Cerulli Associates warns consumers broadly do not understand liquid alternative investments—what they are made of or how they are supposed to function.
Economic and Infrastructure Debate Presents Opportunity
Analysts suggest infrastructure investments already have been doing fairly well in recent years despite heightened market volatility.
Betterment and ADP Announce Integration Plans
Betterment for Business announced plans to complete a payroll integration with ADP in the second half of this year.
Merit Financial Group Reveals Wellness Platform
The new worksite financial wellness platform provides customized education, coaching and participant monitoring.
Morgan Stanley and Ascensus Launch Retirement Program
The two firms collaborated to launch ClearFit, a turnkey solution for small plans which combines Morgan Stanley fiduciary and investment services with Ascensus administration.
Vanguard TDFs Were the Best Sellers in 2016
Investors added $96 billion to the portfolios, giving Vanguard a 34% market share.
Strong Market Boosted ETF Flows During January
Equity exchange-traded funds (ETFs) garnered the most cash.
Analysis Links State-Run IRAs With Medicaid Savings
A coalition of advisers and providers is making the case on Capitol Hill that dialing back DOL guidance supporting state-run retirement savings programs for private sector workers is...
Most Employers Interested in Pension Risk Transfer
Most employers who expressed disinterest cite lack of knowledge as a main driver for that decision, a new study finds.
Connecticut Aims To Strengthen 403(b) Provider Reporting
Service providers to tax-qualified 403(b) plans already have certain federally mandated conflict of interest reporting requirements, but the Connecticut State Legislature may also step up and play a...
GMO Urges Retirement Investors to Consider 'Dynamic TDFs
Pairing this with higher deferral rates can result in balances as much as 30% higher, the investment firm says.