Interim IRS Guidance Published on Student Loan Matching Payments
The program, created in SECURE 2.0, addresses student loans, which are considered a significant impediment to retirement savings.
News
Judge Grants Class Status in Genworth, BlackRock TDF Suit
The plaintiffs invested in BlackRock’s LifePath Index Funds get a rare win when compared to similar 401(k) complaint proceedings.
Advisory M&A News – 8/19/24
NewEdge Wealth grows RIA footprint; Summit Trail adds 10th advisory office to national network; Avantax brings on adviser with $60M...
Fidelity Reports 81% Plan Sponsor Satisfaction With Advisers
Survey results emphasize the importance of DC plan advisers in driving plan satisfaction and activity, according to Fidelity.
IRS Launches Public-Private Committee to Guard Against Tax Scams
About 60 private sector companies and groups join the IRS to combat a rise in tax scams ahead of next...
Retirement Industry People Moves – 8/16/24
World Investment Advisors hires CFO; The Standard hires Daniel Kretz as retirement plans VP for Maryland and D.C.; Mercer promotes...
Product & Service Launches – 8/15/24
SEI launches direct indexing investment strategies; small business retirement plan provider Ubiquity teams with bookkeeping firm Bench Accounting; Franklin Templeton...
JP Morgan Launches TDF With Guaranteed Income Annuity
The asset manager joins other large financial firms targeting the market for pension-like retirement saving in DC plans.
Participants Have Plan Distribution Options During Hurricane Season
With tropical storm season causing extensive damage, it’s a good time to ensure plan participants know they can take out special disaster...
SEC Fines 26 Firms for Off-Channel Client Comms Violations
The regulator continues a push to crack down on the tracking and use of ‘off-channel’ client communication, such as texting.
Missouri Court Strikes Down Anti-ESG Rules
A district court judge put a permanent injunction on rules that required advisers to disclose any time they made decisions...
Digital Retirement Rollover Firm Capitalize Raises Series B Funding
The company will use the $19 million capital raise to support locating and then transferring legacy retirement account rollovers.
TDF Assets Continue Climb Through July
The popular retirement savings default vehicle reached a new high for assets held by the top providers, according to Simfund...
A Compliant Process for Plan-to-IRA Rollovers
Fred Reish and Joan Neri detail how RIAs can comply with current rules while the new DOL fiduciary rule remains...
401(k) Forfeiture Lawsuits Seeing Their Day in Court
A new complaint is filed and others are moved ahead involving Bank of America, Intuit and Qualcomm.
Near Retirees Being Targeted by Imposter Social Security Administrators
‘Long cons’ are becoming more frequent as scammers go after retirement savings, according to a warning from the Office of...
Vanguard Removes Oaktree From $785M Fund
The asset management behemoth reallocated Oaktree’s advisement to two other current managers of the emerging market fund.
Cetera Leans Into Wealth Expertise in 401(k) Participant Programming
Cetera’s head of workplace and retirement plans believes wealth managers’ skills in serving individual clients give them a leg up...
Advisory M&A News – 8/12/24
Cetera’s TRPG acquires $180M advisory; Carson Group adds Texas-based advisory to network; Equita Financial adds 3 women-owned firms to advisory...
Russell Investments Promotes Ayesha Parra to Global Head of Alternatives
Parra will oversee the firm’s business strategy for its alternatives platform.