SEC Charges 12 Financial Firms for Recordkeeping Failures
The firms will pay a total of $88.2 million in civil penalties.
News
Social Security: Beyond the Headlines
The third story in this quarter’s PLANADVISER In-Depth considers the current state of Social Security.
Empower Acquires Equity Compensation Platform OptionTrax
The deal expands Empower’s services into equity compensation administration and management.
College for Financial Planning Launches Accredited Investment Fiduciary Training Program
Fi360, a Broadridge Company, selected the College as the official education provider.
DOL Will Appeal Stay on Fiduciary Rule
The Department of Labor will ask the 5th Circuit to reinstate the fiduciary rule after it was blocked by two...
Advisory M&A News – 9/23/24
True North Advisors announces acquisition of Clear Rock Advisors; Kestra Financial welcomes SZC Financial Planning & Management; Ty J. Young...
Cybersecurity Insurance Considerations
Expert Steve Taylor gives his views on cybersecurity insurance, as breaches proliferate in financial services.
Chevron Explained
ERISA expert David Kaleda unpacks the Supreme Court decision that gives the courts more weight in areas that include employee...
Retirement Industry People Moves – 9/20/24
Fiduciary Trust hires client development lead from Bernstein; Mercer hires one new investment executive, promotes another; ERISA expert Wagner tapped...
US Retirement Assets Hit Record $40T
Asset growth is led by an increase in holdings in IRAs and 401(k) plans.
Product and Service Launches – 9/19/24
FinFit partners with Sunny Day Fund to add emergency savings accounts; Equitable enhances flagship retirement solution for K-12 educators; Munich...
Elections Could Effect Corporate DEI Programs
The polarized political climate is causing corporations to reevaluate their commitment to diversity, equity and inclusion, according to a panel...
Vestwell Partners With Commonwealth, FuturePlan to Launch PEP
The new pooled employer plan is called the Gateway 401(k) Plan.
Pontera Partners With Recordkeeper 401GO
The partnership with the recordkeeper comes on the heels of Fidelity warning it would block Pontera’s third-party 401(k) credentialing business...
Define ‘Crisis’
In the second story in this quarter's PLANADVISER In-Depth series, economists define the state of the U.S. retirement system.
DC Consultant Survey Reveals Stronger Client Opinions on Retirement Income
DC plan consultants say plan sponsors are more likely to have clearer views on retirement income options, according to a...
Rate Cuts and Retirement Saving
DC asset managers weigh in on what the Federal Reserve’s widely expected interest rate cut regime may portend for retirement...
Cybercriminals Pose Threat via Executive Accounts
Executives’ workplace retirement plan accounts provide the authority and access hackers need to attack other databases.
Fidelity to Limit Third-Party Credential-Sharing for 401(k) Access
Fidelity will soon block financial advisers from using third-party fintech services to access clients’ workplace plans.
Morningstar to Change Rating Methodology for Managed Investments
The change will alter about 20% of funds ratings, most of which will be downgrades, according to the firm.