Dodd-Frank Repeal Battle Parallels Fiduciary Fight
Federal agencies and initiatives carry significant momentum and must be redirected carefully, but forcefully, by any incoming president.
News
Gen X, Baby Boomers Say Longevity Is Both a Blessing and a Curse
Despite saying they could do more to save for a longer retirement, about 92% of respondents to a T. Rowe Price survey feel their ideal retirement is very...
PrairieSmarts Risk Platform Acquired by Covisum
The firms suggest the new arrangement will deliver “powerful risk analytics” directly within an efficient retirement planning solution.
DOL Fiduciary Workshops Support Client Compliance
Speakers from the DOL will discuss basic fiduciary do’s and don’ts associated with operating an employer-sponsored retirement plan.
Retirees in the West and Northeast Spend the Most
Spending is much less in the South, EBRI finds.
Conservative Investors More Likely to Say Trump Presidency Will Help Portfolios
More than half of all investors say the administration will likely benefit their retirement portfolios.
DOL Fiduciary Defenses Prevail In District Courts, But Does It Matter?
A series of recent district court decisions show strong deference for the DOL’s right to promulgate a more aggressive fiduciary standard—how relevant the decisions will remain under President...
Parents and Grandparents Prioritize Children’s Well-Being, Retirement
They are forgoing frills to raise their children and save for retirement.
Groom Solution Makes Up for Loss of Determination Letter Program
Groom has developed its Document Compliance Service (DCS) for individually designed plans that have current IRS determination letters.
Passage of Resolutions Creates Uncertainty for State-Run Plans
John Scott with Pew Charitable Trusts says there are some complicating factors that do not lend to a straightforward analysis of how this will affect those plans if...
Retirement Industry People Moves
American International Group Expands Retirement Business; OneAmerica Appoints President of Individual Insurance and Retirement Services; PenChecks Hires VP of Institutional Sales; and more.
DOL Fiduciary Responsibilities Seminar Coming to Vegas
The seminar will be held at Circus Circus Hotel on Thursday, March 23.
President Names DOL Nominee With Deeper Labor Ties
Whoever takes on the role of DOL Secretary will be tasked with overseeing the Trump administration’s response to the forthcoming fiduciary rule reforms.
T. Rowe Price Accused of Self-Dealing in 401(k)
The lawsuit alleges the defendants failed to loyally and prudently monitor the fees and performance of 401(k) plan investment options, and simply retained in-house funds to enrich T....
Investors Pour Money Into Mutual Funds and ETPs in January
Passive strategies continued to lead demand.
Furthering the Science of Diversification
“Low growth, low interest rates and fully valued equities make the hope for strong future returns just that—a hope,” new research from Willis Towers Watson warns.
Parties Agree to Settlement in New York Life Self-Dealing Suit
The insurance company will pay $3,000,000 to a settlement fund.
Asset-Map and Redtail Integrate Key CRM Services
The firms suggest their service integrations will enhance adviser-client conversations.
Investment Products and Service Launches
Lincoln Financial Group Releases New Annuities; Nuveen Launches Investment Trust Portfolio; Wilshire Associates Releases ESG-Weighted Index; and more.
Opportunities Exist for Recordkeepers to Maintain and Gain Assets
However, the motivation for moving outside assets or DC plan assets to the provider varies, so recordkeepers should tailor their communications to different groups.