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Mixed Results for Corporate Pension Funded Statuses
Most pension trackers reported that equity markets performed well in August but were offset by an increase in liabilities.
Enhancing the Retirement Plan Digital Experience
J.D. Power finds digital channels are often lacking for participants.
DC Plans in US Need to Cover More Workers, TIAA Finds
A study of global pension systems also suggests that workers should be required to join 401(k)s and other retirement programs.
How Recordkeepers Can Stay Competitive
Accenture, fresh off its partnership with TIAA, says scale or specialize.
Infosys Breach From 2023 Exposed Personal Data of 6 Million People
T. Rowe Price and New York Life were cited in a filing with the Maine Attorney General on previously reported breach at vendor.
Retirement Industry People Moves — 9/6/24
Prime Pensions adds leadership positions; Alera Group promotes Blue to CEO; Vision Financial of Des Moines hires retirement plan relationship manager; and more.
Vanguard to Lower Asset Minimum for Digital Adviser Access
The minimum holding to receive financial advice from "robo-advisory" services will drop to $100 from $3,000.
Cybersecurity Best Practices for Retirement Plans
The game is continually evolving for keeping plan data and systems safe. In this special coverage article, experts discuss how plan fiduciaries can stay up to speed.
Keys to Guarding Retirement Plan Data Against Human Error
Mistakes managing employer-sponsored plan data often expose vulnerabilities that can be exploited by bad actors.
DOL Recommends Reopening Retirees’ Lawsuit Against IBM
The Department of Labor has backed an appeal by IBM retirees to reopen a lawsuit alleging the company used outdated mortality tables to determine the value of pension...
Government Watchdog Finds IRA Fiduciary Oversight ‘Lacking’
The GAO found numerous conflicts of interest and recommended the IRS work with the DOL to audit IRA fiduciaries.
Compensation Gap Widens Between Companies, Workers
A growing disparity exists between employee expectations and the salary and support companies plan to provide, according to a new survey and a hiring expert.
In-Plan Annuity Providers Advised to Lean On ‘Pension Nostalgia’
A consumer focus group run by Hearts & Wallets found increased interest for in-plan retirement income annuities—though often for ‘someone else.’
Passive Products Widen Lead on Active in DC Managed Assets
Passively managed assets in defined contribution retirement plans have increased their market share three years in a row, according to ISS Market Intelligence research.
SEC Charges Transfer Agent Equiniti Trust for Failing to Safeguard Clients From Cyber Attacks
The ruling shows the increased need to protect client data, as recordkeepers and others could face such fines due to a participant data breach.
Federal Judge in Texas Puts Nationwide Block on FTC’s Noncompete Rule
The ban goes from preliminary to permanent in the latest ruling, but the FTC will likely appeal to the 5th Circuit.
The High Price of Discovery in ERISA Class Action
An ERISA consultant and expert witness in 401(k) litigation details how advisers can best prepare for potential class action suits.
Commonwealth Gets $7M JPMorgan Funding for Low-Income Worker Program
The nonprofit will use the funds to launch an initiative to enhance access to workplace financial benefits to low- and moderate- income workers.
Judge Grants Class Status in Genworth, BlackRock TDF Suit
The plaintiffs invested in BlackRock’s LifePath Index Funds get a rare win when compared to similar 401(k) complaint proceedings.
Advisory M&A News – 8/19/24
NewEdge Wealth grows RIA footprint; Summit Trail adds 10th advisory office to national network; Avantax brings on adviser with $60M in client assets.