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Wells Fargo Gets Dismissal of Proprietary TDF Suit Affirmed
The 8th Circuit ruled that the plaintiff failed to allege sufficient facts to demonstrate that the Wells Fargo TDFs were an imprudent choice.
ACLI, IAA Comment on SEC Standards of Conduct Proposals
They say that additional interpretation of standards of conduct for investment advisers is unnecessary and that imposing broker/dealer standards on life insurers and investment advisers is inappropriate.
Retirement Industry People Moves
Mesirow Adds Managing Director to Core Fixed Income Management Team; Client Executive Joins Transamerica Western Region; Ascensus Acquires Continental Benefits and 401k Plus; and more.
Sponsored by PIMCO
Two Key Themes for DC Plans
For defined contribution (DC) plan participants, wealth accumulation has depended on both equities and fixed income. Yet fixed income will be ever more important in 2018 and beyond,...
Sponsored by PIMCO
Financial Stress Hampers Employees’ Vision of Retirement
In a new Bank of America Merrill Lynch survey, 95% of employers who offer such benefits agree that their financial wellness programs have been effective at promoting work...
ERIC Expresses Issues With Proposed New York City Private-Sector Retirement Plan
In addition to asking for exemption from the program for employers already providing an ERISA-compliant retirement plan, ERIC asked the city council to change the program eligibility criteria.
Compliance News
Compliance News
Bills Addresses Retirement Plan AccessA package of bills sponsored by Senators Cory Booker, D-New Jersey, Tom Cotton, R-Alaska, Heidi Heitkamp, D-North Dakota, and Todd Young, R-Indiana, would increase...
New Enforcement Structure at FINRA; Calls for ‘Fintech’ Commentary
FINRA asks advisers to share their insights about “fintech innovation in the broker/dealer industry,” while also unveiling a new structure for its enforcement staff.
Will Increasing Maximum HSA Limits Help Employees?
Research from EBRI shows very few employees contribute the maximum statutory limit to HSAs.
Retirement Industry People Moves
Wilshire Adds Senior Investment Professionals; Ladenburg Thalmann Invests in Tax Automation Provider; Southern Maryland Insurance Joins The Hilb Group; and more.
Prudential and Raytheon Announce Pension Risk Transfer Deal
Raytheon is the latest large employer to enter into a group annuity transaction, transferring nearly $1 billion in benefit obligations to Prudential.
Appeals Court Upholds Arbitration Ruling Against USC
The panel concludes that the dispute against the University of Southern California fell outside the scope of the arbitration agreements that the participants signed.
Dire Testimony from Stakeholders on State of Multiemployer Pensions
Speaking to the Joint Select Committee on the Solvency of Multiemployer Pension Plans, one retired Teamster, whose wife is dying from pancreatic cancer, said he could easily end...
AT&T Defeats ERISA Challenge, but Amended Complaint Is Likely
The decision by the U.S. District Court for the Central District of California is short and to the point, stretching just 15 pages and ruling only weakly in...
States Start Knitting a Patchwork of Best Interest Fiduciary Regulations
With the judicial defeat of the Obama-era DOL fiduciary rule hanging in the air, individual states are moving to establish their own best interest regulations for the sale...
DC Plans and Health Care Employers First Movers into ESG Investing
Of the 12% of institutional investor respondents to a recent survey who have incorporated ESG, most are DC plans, and more than half are healthcare-focused organizations.