John Hancock Retirement Announces Partnership With Vestwell
Vestwell will power FutureStep by John Hancock, an open-architecture retirement plan offering.
News
TDFs With Annuity Options Set to Proliferate
2025 will likely see new entrants offering hybrid annuity TDFs, while existing players will announce more recordkeeper partnerships and asset...
Q&A: Seeking a More Perfect TDF
Philip Chao discusses his near-10-year path to creating a personalized target-date fund investment option for plan sponsors.
Transamerica Introduces New Logo
The rebranding campaign is meant to highlight Transamerica’s commitment to middle-income Americans.
Corporate Pension Funding Status Rose in December, Ending Strong in 2024
Pension plans saw improved funding status at the end of 2024, with rising discount rates triggering a decrease in pension...
Advisory M&A News – 1/13/24
Mariner acquires Cardinal Investment Advisors; Northwestern Mutual and Sixth Street announce partnership; Mercer Advisors adds Edward Vance Investment Management; and...
IRS, Treasury Release Proposed Regulations on SECURE 2.0 Provisions
The agencies issued guidance on how plan administrators can comply with the Roth catch-up rule that begins in 2026 and,...
401(k) Excessive Fee Litigation Spiked to ‘Near Record Pace’ in ’24
Encore Fiduciary reported a 35% increase in ERISA excessive fee litigation, in part driven by a surge in plan forfeiture...
Court Rules American Airlines Breached Fiduciary Duty in ESG Case
A federal district court in Texas found that American Airlines prioritized ESG investment goals ahead of employees’ financial interests, violating...
Retirement Industry People Moves – 1/9/25
Cervantes joins Prime Capital Financial; Corebridge Financial welcomes Klane as general counsel; Gallagher adds Helgens as retirement plan consultant.
Jay Kaduson Joins Voya Financial as CEO of Workplace Solutions
Kaduson will report to Heather Lavallee, CEO of Voya Financial.
Retirement Plan Investors Remain Cautious in December Amid Market Volatility
Trading activity stayed subdued last month, with only two above-normal trading days recorded.
Micro-401(k) Plan Market Ripe for Non-Specialist Adviser Growth
The market for 401(k) plans with less than $5 million in assets is poised to hit 1 million plans by...
Alts Manager Ares Raises $2.3B for Life Insurance and Annuity Division
Ares is seeking to capture demand for retirement solutions through its insurer, Aspida Holdings Ltd.
Product & Service Launches – 1/9/25
Payroll Provider Green Leaf launches cannabis industry 401(k); Ibexis Life & Annuity announces new fixed-index annuity series; AllianzIM brings buffer...
Groups Call On Supreme Court to Uphold Cornell University Decision to Stem Frivolous Lawsuits
The Supreme Court will hear a case to resolve a split among circuit courts on whether a plaintiff must argue...
Catching Up With PIMCO’s Personalized Target-Date Funds
The firm continues to pitch its myTDF, a personalized target-date-fund solution in market since 2023, as a way for plan...
DCIIA Announces Executive Committee for 2025-2026
In other news, the Institutional Retirement Income Council named Kreps of Groom Law as chair of its board of directors.
Paychex Acquisition of Paycor Will Expand Client Base
The provider of small business 401(k)s is poised to add 49,000 businesses to its client roster.
2025 PLANADVISER Top Retirement Plan Advisers Entry Period Is Open
Advisers named to the list will be celebrated at the PLANADVISER Industry Leader Awards in May.