Retirement Industry People Moves
PNC Asset Management moves ahead on CIO transition; Morningstar acquires RightPond analytics capabilities from Rocaton Investment Advisors.
News
Strong Push for Self-Directed Investing
There is a strengthening push for more self-directed investing, especially among male investors labeling themselves as “anxious.”
Investment Product and Service Launches
John Hancock Investments adds three retirement portfolios to TDF suite; RMB Capital adds to investment expertise; American Funds debuts Active Scorecard fund screening tool.
Financial Engines: Americans Strongly Back Fiduciary Reform
A strong majority of investors surveyed by Financial Engines believes advisers should be legally required to provide “non-conflicted advice” in retirement planning contexts.
Each Company Needs its Own Financial Wellness Program
It may seem obvious what financial help each generation needs, but when employers ask employees what they need, they may be surprised.
Five States Get an ‘A’ for Retirement Desirability
LPL Financial Ranked U.S. states on their attractiveness for pre-retirees.
Merrill Lynch Wins Dismissal of Excessive Fee Case
Merrill Lynch was not acting as a fiduciary under ERISA, a court found.
State Street Acquisitions Adds More Alternatives Capabilities
State Street will acquire GE Asset Management.
Firms Partner to Provide DC Retirement Plan Platform
Folio Institutional and KTRADE now offer advisers and their DC plan sponsor clients high value, enhanced retirement plan administration, investment selection and fiduciary liability management services
Parents Using Retirement Savings for Non-Emergencies
In addition, a survey found, spoiling children is hurting parents' finances.
BP Deepwater Stock Drop Suit Gets DOL and SEC Consideration
The complicated litigation Whitley v. BP PLC is just the latest stock drop case to be impacted by the big-ticket Supreme Court decision in Dudenhoeffer v. Fifth Third...
Tool Helps Employers Measure Employees' Financial Fitness
Once areas of weakness have been identified, FFG provides recommended, individualized financial fitness courses for each employee’s specific needs.
Financial Elder Abuse on Advisers’ Radar
Protecting aging clients is advisers’ foremost ethical concern.
Northwestern Mutual Debunks Millennials’ Money Misconceptions
Even if they are earning little, they need to start saving for retirement early on in life.
Sponsors Want More Frequent Plan Reviews
When reviews do take place, they often fail to focus on participants’ retirement outlook.
Plan Sponsors Can Get Student Loan Solution from Prudential
Through a partnership with Student Loan Genius, Prudential clients can offer a student loan repayment benefit that will help employees save for retirement.
Bankrate Measures Big Jump in Millennials' Savings
Millennials are saving more money than any other age group, with 62% stating they are saving more than 5% of their incomes, according to a Bankrate.com survey.
'Viability' Pushes the Needle on Retirement Readiness Conversations
The concept of measuring retirement readiness of participants hasn’t caught on more because employers haven’t been shown the effect on their company of participants not being able to...
Breaking Into the Tribal Retirement Plan Market
When working with tribal nations, building a solid relationship is the first and most important step.
ICI Questions Analysis Behind California Secure Choice Plan
Supporters say the California Secure Choice Retirement Savings Program will provide a voluntary, low-risk, auto-enrollment retirement savings plan for many uncovered workers in the state.