Adviser Preferences Study Denotes Commitment to Clients
Advisers have a lot of choice when it comes to fine-tuning their business model, but they must know what matters most to which clients.
News
Reforms in United Kingdom Offer Guidance for U.S. Policy
Retirement reforms being implemented in the UK through 2018 represent an important testing ground for government-backed savings efforts.
Advisers Looking to Technical Solutions Ahead of DOL Rule
A new survey finds that as implementation of the DOL’s fiduciary rule approaches, more than half of advisers expect to increase investment in client service and compliance technology.
ERISA Stock Drop Suit Filed Against Exxon Mobil
Misrepresentations regarding climate change caused Exxon Mobil's stock price to be artificially inflated, the compliant says.
'Church Plan' Cases to Be Heard by Supreme Court
The cases for which petitions for writs of certiorari were granted include Dignity Health v. Rollins, Saint Peter’s Healthcare System v. Kaplan and Advocate Health Care Network v....
LPL Financial Reveals Presidential Transition
The LPL board has appointed Dan Arnold, current LPL president, to be president and CEO effective upon current CEO Mark Casady’s retirement.
Rollover and Retirement Transitions Must Be Improved
Little has changed over the decades in the way participants move between plans or complete rollovers into an IRA.
Retirement Industry People Moves
John Hancock Expands Institutional Sales Team; CUNA Mutual Retirement Tackles TPA Market; OneAmeirca Appoints Regional Sales Director; and more.
Millennials Predict a ‘Retirement Inversion’
The vast majority of Millennials say they plan to work in retirement—while fewer than one in five of today’s retirees have ever worked for pay after initially leaving...
Voya Facing Lawsuit Over Stable Value Funds
A 403(b) plan participant is claiming that Voya set crediting rates for stable value funds lower than rates of return in order to make a profit.
Safe Harbor Plans Offer Options to Small Employers
Small business owners have embraced the strategy of offering a safe harbor 401(k) plan to simplify compliance with annual ADP/ACP and top heavy nondiscrimination testing.
Corporate Pension Plans Seeking New Risk Reduction Measures
In 2016, the number of defined benefit plans with a funded status less than 80% increased to 28%, from 21% in 2015, according to a new survey by...
Investment Products and Service Launches
T. Rowe Price Expands 401(k) Brokerage Services with Charles Schwab; Wilshire Launches New EVA Index Family; USAA Launches R6 Retirement Share Classes; and more.
Stable Value Fund Suit Sent Back for Amended Complaint
A federal judge has asked for an amended complaint showing that a stable value fund provider set interest crediting rates below actual rates of return in order to...
Institutional Investors Have Many Changes Planned
Institutional investors worldwide are expecting to make many asset allocation changes in the next one to two years, according to the new Fidelity Global Institutional Investor Survey.
DC Advisers Cite Fewer Go To Providers
Advisers recommend an average of just 2.2 plan providers to prospective clients, a new report suggests.
Millennials Get Good Start on Retirement Savings With Auto Enrollment
A majority of Millennials entering the workforce are enrolled in their employer’s plan and begin saving earlier in their career due to automatic enrollment, an analysis finds.
Plan Sponsor Scrutiny Elevates Adviser Businesses
The new fiduciary rule will motivate sponsors to take a harder look at the offerings and performance of service providers—including recordkeepers, investment managers and advisers.
Pricing Pressure Mounts On U.S. Advisory Industry
Data from Cerulli Associates shows a bright future for fee-based advisory arrangements—but individual advisory firms may struggle to maintain profitability.
Investment Action Considerations for DB Plan Sponsors
Advisers can use suggestions from Willis Towers Watson to engage DB clients in thinking about investment actions in 2017.