Average Age of Advisers Ticks Down
But, as the ranks of advisers nearing retirement grows, there is a need for formal succession plans, TD Ameritrade says.
News
Vanguard Partners With Newport Group on 403(b) Recordkeeping
For plan sponsors, benefits include improved recordkeeping and reporting, online plan management capabilities and enhanced client support, Vanguard says.
Corporate Funds Post Highest Returns Among Institutional Investors in Q2 2017
Corporate funds saw a quarterly gain of 3.13%, compared to a median return of 2.88% for all plan types, according to the Wilshire TUCS.
Adviser Focus Shifts From Interest Rates to Equity Highs
With the equity markets riding high, more advisers are contemplating how to secure downside protection for their clients’ portfolios.
Plaintiffs in Target Stock Drop Suit Failed to Meet Pleading Standards
A court shot down several actions plaintiffs suggested Target could have taken when it knew or should have known its stock price was artificially inflated.
Cash Balance Accounts See Growth
The average employer contribution to staff retirement accounts is 6.6% of pay in companies with both Cash Balance and 401(k) plans, versus 3.7% of pay in firms with...
Fiduciary Rule RFI Comments Suggest Split in Industry Outlook
Today is the second and final deadline for submitting responses to the DOL’s broad RFI regarding the fiduciary rule expansion under ERISA—but late comments will also be accepted...
DOL Fiduciary Rule FAQ Clarifies Transition Period Requirements
The DOL has published additional fiduciary rule transition period compliance guidance in the form of frequently asked questions; some aspects of the FAQ will clearly be welcomed by...
Retirement Industry People Moves
Marsh & McLennan Agency Expands Leadership; Zenith American Solutions Acquires Insurance Programmers; Hirtle Callaghan Hires Head of Client Engagement; and more.
Employers Need Help Addressing Aging Workers
While four out of five employers say they support employees working past age 65, they also understand that an aging workforce has its drawbacks.
Ascensus Names New President During Time of Recordkeeper Evolution
A former Great-West Investments president will take the lead at Ascensus, which is undergoing a structural transformation.
Plan Design Can Help Participants Get the Full Company Match
Advisers can help retirement plan sponsors design their plans and financial wellness programs to get participants to defer enough to receive the company's matching contribution.
Investment Products and Service Launches
Deutsche AM Slashes Mutual Fund Expenses; Fidelity Cuts Expenses on Mutual Funds; Transamerica Debuts Smart Beta ETFs; and more.
New 401(k) Solution for Small Employers Includes Fiduciary Support
DiMeo Schneider & Associates, L.L.C. has rolled out SMART PLAN, for which it will accept fiduciary responsibility as a 3(38) discretionary manager for plans with assets between $10...