News

New CEO Joins Voya; Capital One Investments Welcomes Six New Financial Advisers; The Retirement Advantage Adds New Regional Sales Consultant; and more.

Gen Xers show the most concern about depleting retirement funds too early, and they are the least interested in being involved in their investments, a survey finds.

The DOL obtained a court order requiring the fiduciary of William Bowman and Associates Inc.401(k) plan to continue making installment payments for plan losses due to a fiduciary...

A defunct company and its 401(k) plan trustee have been ordered to restore contributions that weren't remitted to the plan as well as interest on contributions.

State Street Global Advisors Adds 88 Firms to Gender Diversity Index; Morningstar Credit Ratings Now Ranking Financial Institutions; and Morningstar Partners With Advicent to Upgrade Asset Allocation Classification.

Cerulli Associates also found that 67% of national sales managers rank increasing the technical skills of existing wholesalers as a major priority.

Just two out of an increasingly large pile of amicus briefs filed in relation to litigation seeking to halt the new DOL fiduciary rule will be considered—both of...

Participants 'unsure' about their retirement prospects admit they need knowledge about investing and haven't calculated how much they need to retire, and they are less engaged in their...

According to research published in The Financial Analysts Journal, most retirement calculators fail to take into consideration key tax implications. 

An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....

Colleges and universities, having fully embraced defined contribution plans, are also seeking out expert advice. 

Advisers can help by including spouses in retirement planning conversations.

Asian Americans identify a need for more holistic financial planning, but express a distrust for advisers. However, they can be reached.

The Internal Revenue Service announced that employer-sponsored retirement plans can make loans and hardship withdrawals to assist victims of historic flooding in Louisiana. 

Even advisers who feel well prepared for the DOL new fiduciary rule will face an increased amount of paperwork and disclosure, both internally and coming from outside providers.

TIAA says voice recognition technology offers customers a “fast, easy and secure password alternative.”

The national advisory firm announced the addition of HSA tax-exempt savings analysis to its core service lineup. 

A participant in Safeway Inc.’s 401(k) plan is suing the plan sponsor, its benefits committee and its recordkeeper for breaching their fiduciary duties and/or engaging in ERISA prohibited...

The SEC adopted new final rules to enhance information reported by registered investment advisers under Form ADV. 

A new study from Strategic Insight predicts the DOL fiduciary rule will accelerate demand for institutional pricing of mutual funds sold through intermediaries.