Search results for: SCO
Amid Some Confusion, Social Security Begins Use of New Anti-Fraud Measures
Social Security will now conduct an anti-fraud check on all phone applications by analyzing “patterns and anomalies within a person’s account.”
Health Plan Fiduciary Duties Related to Data and Documents
At a PLANSPONSOR webinar this week, experts discussed why data, and access to data, are important to the fiduciary process for a health care plan.
Product and Service Launches – 4/10/25
Yieldstreet to launch automated private markets investing solution; Fidelity adds two fixed income ETFs; Lazard Asset Management introduces three active ETFs in the US; and more.
John Hancock Adds Manulife Name to Investment and Retirement Brands
The U.S. insurance business brand will continue to operate as John Hancock.
Senate Bill Seeks to Reverse Retirement Plan Crypto Warning
Introduced by Senator Tommy Tuberville, R-Alabama, the Financial Freedom Act would reverse the Department of Labor’s guidance against including cryptocurrency investments in 401(k) accounts.
Understanding the Consolidated Appropriations Act of 2021
On a recent webinar, experts spoke about the requirements for plan sponsors and health plan fiduciaries to closely monitor the middlemen involved in administering their health plans—which present...
Retirement Industry People Moves – 4/4/25
Allspring Global Investments to get new CEO; Wellington Management names head of US wealth; WTW makes Health, Wealth & Career appointments; and more.
Analysts, Institutional Investors React to Trump Tariffs
Analysts at several firms have pointed to the possibility that the most recently announced tariffs are a negotiating ploy, as they are not set to go into effect...
Annuities Can Make Client Relationships ‘Sticky,’ but Misunderstandings Persist
Almost 78% of financial professionals report that clients have negative preconceptions about annuities, making it more difficult to foster a clearer understanding of their benefits.
What to Know About Adding Income to a Plan Lineup
How the regulatory landscape dictates the selection of a retirement income solution—and how advisers can frame the discussion with clients.
Larry Fink Touts Importance of Private Assets in Annual Letter
One way to fix the “retirement gap” is to increase access to alternative investments in 401(k) plans, according to BlackRock's Fink, writing in his annual letter.
Lawsuits Call Attention to ESOP Cash Holdings
Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent cases.
Changes to Federal Student Loan Repayment Forgiveness Increasing Financial Stress
After payments resumed, the volume of past due federal loans quickly returned to pre-pandemic levels and reached a new high of 15.6% by the end of the on-ramp...
Less Than Half of Americans Satisfied With Their Financial Advice
A TIAA Institute and MIT AgeLab survey finds consumers working with advisers are more satisfied with financial advice, underscoring the value and need for greater access to financial...
Workers Concerned About Retirement Savings, Want Support
Nearly half (49%) of Americans “strongly agree” or “agree” their retirement plan savings are the only significant emergency savings they have, according to a Voya survey.
Product and Service Launches – 3/28/25
World Investment Advisors launches investment management platform WorldMAP; eMoney Advisor enhances needs analysis feature; Financial Finesse and SecureSave announce partnership; and more.
Stress and Burnout Causing Lost Workplace Productivity
Workplaces prioritizing mental health see 13% higher productivity, employees are 2.3 times less likely to report feeling stressed, and there is a 2.6 times higher likelihood of reduced...
Caregiving Responsibilities Challenge Women’s Financial Health
Data from the Nationwide Advisor Authority study also highlights a significant gap between advisers’ confidence in their ability to serve women clients and the actual experience of women...
DOGE Prohibited from Obtaining Social Security Data, Judge Rules
The restraining order was issued days before a nomination hearing for Frank Bisignano, Trump’s nominee for commissioner of the Social Security Administration, is scheduled.
Younger, Do-It-Yourself Investors Interested in Human Financial Advice
A J.D. Power study finds traditional wealth management firms may be missing out on attracting younger investors.