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Retirement Industry People Moves
Segal Group expands communications practice with new hire; Newport Group names leader of institutional sales; Voya Makes organizational changes, and more.
Investment Product and Service Launches
Russell Investments forms new global client strategy and research team; Wilshire Consulting launches the Wilshire ClimateLens; Hartford Funds reveals plans to acquire Lattice Strategies.
Principal Issues Retirement Planning Challenge
As part of the challenge, individuals can walk through a Retirement Wellness Planner.
Boomer Clients Still Eyed Eagerly by Many Advisers
It’s a simple formula that keeps more than half of advisers primarily targeting Baby Boomers: They have the most money saved and are the most in need of...
ESOP Fiduciaries Don't Escape Liability for Mispriced Stock Purchases
An appellate court agreed with a lower court that the fiduciaries failed to act in participants’ best interest and to monitor providers.
ABC Requests Meeting With IRS About New Mortality Assumptions
The American Benefits Council explains in a letter to the IRS that more time is needed before they go into effect.
Retirement Industry People Moves
Cafaro Greenleaf names head of Houston office; Henry Yoshida joins Student Loan Genius; Portfolio manager launches asset management firm, and more.
Student Loan Debt Affecting Americans' Finances and Living Situations
Half of Americans with student loan debt say they have delayed contributing to a retirement account.
Volatility Can Strengthen the Advisory Relationship
Advisers are finding new ways to help clients cope with the powerful sense of panic that can quickly set in when broad equity market indexes start to fall.
Volatility Advisers’ Biggest Concern in First Quarter
Portfolio management was the second big focus, Fidelity found.
Retirement Industry People Moves
Wells Fargo Announces Leader of Participant Services; Prudential Hires Sales Director for Midwest Region; Pensionmark Announces Expansion of WealthPath Team, and more.
Advisers Hesitant to Recommend Guaranteed Income Options
The adviser community is yet to embrace new defined contribution options that contain income features.
Employers Increasingly Interested in Financial Wellness Programs
There are several different approaches they can take.
Fiduciary Who Filed Bankruptcy Still Owes Retirement Plan Contributions
A retirement plan fiduciary had previously been ordered by a court to restore unremitted contributions to the plan.
Invesco Agrees to Settle DOL ERISA Allegations
Invesco Trust Company agreed to pay a total of $10.27 million to settle the department's claims.
Retirement Industry People Moves
Oppenheimer Names Head of Beta Solutions; Eng Rejoins AB in Custom DC Solutions; Mariner Retirement Advisors Joins GRP Advisor Alliance, and more.
ICI Supports Bills Against Fiduciary Rule
In a letter to lawmakers, ICI's president urged Congress to support bills that offer a different way to implement a best interest standard.
Fifth Third Standard Applies to Closely Held Company Stock Suits
A district court judge said her reading of the U.S. Supreme Court's decision in Fifth Thirdv. Dudenhoeffer does not preclude application of the "alternative action" standard to closely...
PBGC Hopes to Introduce Late Premium Penalty Reductions
The Pension Benefit Guaranty Corporation is proposing to cut penalties for late payment of premiums in an effort to reduce costs and make it easier for plan sponsors...
J.P. Morgan Underscores Value of Re-Enrollment
The firm has issued a white paper in honor of the 10-year anniversary of the PPA.