Deals & People August 12th, 2024 Russell Investments Promotes Ayesha Parra to Global Head of Alternatives Parra will oversee the firm’s business strategy for its alternatives platform.
Data & Research August 12th, 2024 Pension Funding in July Mostly Flat, With Some Dips Equities bolstered corporate pension funds for the most part last month, offsetting a decline in discount rates.
Data & Research August 9th, 2024 CITs ‘Inch Past’ Mutual Funds to Become Lead Target-Date Investment Vehicle June 2024 data from Morningstar show collective investment trust target-dates make up about 50.5% of TDF assets.
Deals & People August 9th, 2024 Retirement Industry People Moves – 8/12/24 Prime Capital Financial appoints new regional wealth management lead; CFP Board names new managing director; John Hancock adds 2 trustees...
Compliance August 9th, 2024 DOL to Launch Revamped Federal Benefits Website The department is ‘centralizing’ government benefits such as Social Security and disaster relief at USA.gov.
Deals & People August 9th, 2024 Vestwell Takes ‘Rainy Day’ Savings Literally The digital recordkeeper has a new tax-deferred savings program that makes automatic contributions dependent on when it rains in the...
Products & Services August 8th, 2024 Product & Service Launches – 8/8/24 Vontobel brings new actively managed mutual fund to US; Voya adds stable value fund with Great Gray Trust; and Fidelity...
Deals & People August 8th, 2024 Hub Acquires California-Based 401(k) Advisory The aggregator bought the assets of Christopher Clark’s 401(k) advisory, with Clark joining a Hub private wealth office in California.
Compliance August 8th, 2024 Judge Dismisses 401(k) Excessive Fee Allegations Against Tyson Foods Judge rules for Tyson in employee lawsuit alleging the company overcharged participants for bundled recordkeeper fees and failing to solicit...
Deals & People August 8th, 2024 Prime Pensions Acquires Pennsylvania-Based TPA, Adds 350 Plans The addition comes after Prime Pensions received PE backing from Lightyear Capital earlier this year.
Deals & People August 7th, 2024 Alight CEO Plans to Step Down After Firm Appoints Successor Alight announced that Stephan Scholl will continue as CEO and director until a replacement is confirmed.
Compliance August 7th, 2024 Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into Proprietary Annuities A proposed class action complaint filed by law firm Schlichter Bogard claims TIAA’s strategy steered participants to its own retirement...
Products & Services August 7th, 2024 Lincoln Adds to In-Plan Retirement Income Offerings A new guaranteed lifetime withdrawal benefit can be offered through a managed account and is part of a diversified fund.
Data & Research August 7th, 2024 M&A Activity Among RIAs Remains Strong in Q2 2024 is on track to top last year for dealmaking as firms address succession planning and need for scale.
Compliance August 7th, 2024 11th Circuit Appeals Court Rules With Home Depot on 401(k) Fee Suit The court agreed with the district court decision that workers' "damages claims fail."
Compliance August 6th, 2024 Senate Committee Passes Bill That Would Boost EBSA Funding The bill differs from a recent House Appropriations Committee proposed budget that would cut funding for the Employee Benefits Security...
Data & Research August 6th, 2024 401(k) Trading Hit Four-Year High on Monday A market dip to start the week saw more 401(k) trades toward safe assets than had been seen since the...
Client Service August 6th, 2024 Market Sell-Off Highlights Need for Ongoing Participant Education Advisers say a quiet client response to the market drop is a good example of how regular education helps participants...
Deals & People August 6th, 2024 NFP Hires Adviser Calvelli to Retirement Group Deana Calvelli will report to Joel Shapiro, head of retirement at Aon’s NFP.
Deals & People August 5th, 2024 Advisory M&A News – 8/5/24 Bluespring Wealth Partners acquires $1.35B Rodgers & Associates Wealth Advisers; Sentinel Advisory Group, with $300M in client assets, joins Commonwealth...