Voya Wins Dismissal of Suit Over Advice Service Agreement |
The lawsuit challenged fees Voya Retirement Advisors received when using Financial Engines to provide investment advice to retirement plan participants.
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ERISA Suit Challenging Fidelity Stable Value Decisions Dismissed |
The underlying lawsuit accused the firm of failing to monitor an affiliate charged with overseeing a stable value fund offered as an investment option in 401(k) plans for which Fidelity was trustee.
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Fiduciary Compliance Remains a Squishy Concept |
Content, context and presentation are now the important factors in determining whether a particular activity represents fiduciary advice—but that could change.
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Targeted Communication Driving Deferral Rates |
Ascensus found that employees who decided to enroll in their employers’ retirement programs after receiving targeted communication deferred on average 6.24% of pay.
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