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Friday, February 16, 2024
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Empower Reports Year-Over-Year Growth in Workplace, Wealth
PA-021524_Empower-Wealth-Boost-1520775283-web
CEO Ed Murphy says the firm is on the lookout for wealth-related acquisitions and notes 500 employees were hired into the division in 2023.
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Smaller Accounts, Insurance Product Impact Debated at Hearing on Fiduciary Proposal
Witnesses called to testify at a House hearing disputed whether small balances would still be served under the retirement security proposal and whether annuities are more stringently regulated.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
Product & Service Launches – 2/15/24
CAPTRUST joins list of advisories partnering with Pontera on 401(k) management tool; F&G Annuities & Life launches RILA; and iCapital announces tool designed to build stronger portfolios.
EBRI Appoints New Leaders to Board of Trustees
Sandy McCarthy of One America will chair the executive committee, and Lisa Margeson of Bank of America will chair the research committee.
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