Retirement Industry People Moves
New hires and promotions at Nationwide, Mercer Investments, John Hancock Retirement Plan Services, LPL Financial and more.
News
More Participants Find Retirement Plan Provider Resources Helpful
A survey shows a significant jump in retirement plan participants’ perception of the helpfulness of provider resources for retirement planning, investing and saving.
Electric Company Passes Pension Obligation to The Principal
The Principal will assume obligation for pension benefits of certain retirees of the Lincoln Electric Company.
Number of Cash Balance Plans Surged 32% in 2013
They now comprise 28% of all defined benefit plans.
Salisbury Stepping Down as CEO of EBRI
Dallas Salisbury will leave EBRI after 37 years as CEO of the nonpartisan, nonprofit research institute.
Using Alternative Investments to Diversify DC Participant Accounts
Advisers can differentiate themselves by showing DC plan sponsors how alternatives can help and how to include them in fund menus.
Most RIAs Still Bullish on the Markets
Nonetheless, they are diversifying clients’ portfolios.
Plan Participants Prefer One-on-One Advice to Group Sessions
They also want personal guidance during enrollment.
Asset International, Parent Company of PLANADVISER, Appoints New CEO
"This is an exciting time for Asset International and its 11 business units to engage more thoroughly with our clients, with whom we already enjoy deep, broad and...
The Future Looks High-Tech and High-Touch
For the ultimate travel experience, future travelers will tap into both high-tech options and high-touch human service.
DOL Says Company Kept Employee 401(k) Contributions
A construction company ceased operations in 2013 and has not paid 401(k) participants their plan assets, according to a lawsuit.
Trial Date Set for Boeing 401(k) Fee Case
Plaintiffs in the case allege that Boeing breached ERISA fiduciary duties by permitting excessive fees to be charged to 401(k) plan participants.
Mutual Fund Expenses Lower Within 401(k) Plans
401(k) participants invested in equity mutual funds pay less than half the amount of expenses for a retail investor.
TPA Satisfaction with Retirement Service Providers Drops
There has been an 8% drop in TPA satisfaction with the work of retirement service provider partners since 2014.
Recordkeeping Landscape Has Shifted Significantly
Recordkeeping systems are not as varied as they used to be, but it's still important for plan advisers to help their sponsor clients pick the right provider.
Clearing Up Money Market Fund Reform Misunderstanding
Retirement plans will not necessarily have to divest from retail money market funds under SEC’s pending reforms, but plan sponsors and advisers may decide it's best.
Group Estimates Fiduciary Rule Cost at $3.9B
A study commissioned by the Financial Services Institute says the amount is nearly 20 times the DOL’s estimate.
Few Americans Saving More for Retirement
Only 19% have increased their contributions in the past year.
Investors Shun U.S. Equity Despite Its Return Lead
International Equity funds led inflows again in July, according to Strategic Insight.
Heightened Scrutiny Won’t Slow IRA Rollovers
Cerulli predicts IRA assets will continue to grow strongly through 2020.