|With Prudential Acquisition, Empower Aims for Growth Up to 3x Faster Than Other Recordkeepers|
The CEO of the nation’s No. 2 recordkeeper says Empower’s focus will continue to be on a best-in-class user experience.
|Empower to Acquire Full-Service Retirement Business of Prudential|
Empower will acquire Prudential’s DC, DB, non-qualified and rollover IRA business, in addition to its stable value and separate account investment products and platforms.
|ProNvest Launches Fintech Platform|
It can cull data for advisers, banks, credit unions, insurance firms and other institutions to give an overview of a person’s defined contribution plan holdings.
|Dissecting TIAA Subsidiary’s $97 Million SEC Rollover Settlement|
A subsidiary of TIAA will settle conflict of interest charges related to the provision of rollover advice to employer-sponsored retirement plan participants; the development offers up some important considerations for financial services professionals.
|Talking Scale With Voya, Sterling Resources Leaders|
Over the past decade, the universe of retirement plan recordkeepers has contracted from about 400 to approximately 150, with no signs of slowing. Experts say one lesson learned in this time is that not all scale is created equal.