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What Market Abuses Are DOL’s Fiduciary Proposal Supposed to Prevent?
Supporters of the proposal say regulations are essential to protect retirement savers from conflicted advice.
2 Advisers Fined for ‘AI Washing’ Marketing Violations
Delphia and Global Predictions were fined a combined $400,000 for marketing rule violations related to their use of artificial intelligence.
5th Circuit Stays SEC Climate Disclosure Rule
A case brought by three Republican-led states and the fossil fuel industry has successfully paused the recently finalized rule.
401(k) World: The Litigators
The final story in this quarter’s PLANADVISER In-Depth series considers 401(k) litigation’s present and future.
FINRA’s Top Enforcement Issues of 2023
Regulation Best Interest makes the top five, according to Eversheds Sutherland LLP.
Retirement Industry People Moves – 3/15/24
Definiti appoints Andreski CEO, adds sales and ERISA leadership; Morgan Stanley taps AI division head; MFS Names Alison O’Neill as CIO; and more.
19 States, Sierra Club Have Common Dispute: SEC’s Climate Disclosure Rule
Republican state attorneys general and the environmental advocacy group are, for different reasons, suing the SEC to overturn its recent climate disclosure rule.
Product & Service Launches – 3/14/24
Cetera-affiliated advisers get Bitcion ETF policy guidance; Nationwide offering Morningstar AMAs; OneAmerica launches TDF series of CITs; and more.
Financial Wellness: Implementation and Communication
A panel of experts discuss ways to reach busy participants with financial wellness tools and resources.
Most Americans Expect to Live Longer, Still Retire Around 67
Research from Corebridge and the Longevity Project find half of Americans want to live to 100, even as financial anxieties around how to do so run high.
Final Fiduciary Rule Goes to OIRA for Review
The controversial rule will likely be published later this spring, with changes anticipated.
Retirement Industry People Moves – 3/8/24
Alerus adds retirement sales consultant; Voya hires sales director; PSC retirement gets new CEO with PE deal; and more.
SEC Unlikely to Abandon Predictive Analytics Proposal, Says Outgoing Division Director
William Birdthistle, the Securities and Exchange Commission’s current director of investment management, told an IAA conference the SEC will continue to explore regulating the use of artificial intelligence...
Product & Service Launches – 3/7/24
Orion, DPL partner on annuities marketplace for advisers; Morgan Stanley launches private markets transaction desk; Just Futures announces 'values-driven' 401(k) and 403(b) plan offerings; and more.
$20B Club Plans’ Funded Statuses Declined Slightly in 2023
The drop among the traditional group of 21 companies comes after two years of gains, according to Russell Investments.
SEC Approves Rule Requiring Public Companies to Disclose Climate Risk, Emissions
Public companies will have to disclose their climate risks and scope 1 and 2 emissions.
401(k) World: Cyber Thieves
The fifth in our Planadviser In-Depth series delves into cybersecurity threats to retirement plan assets and the industry’s approach to combatting them.
Advisers Face Obstacles to Incorporating Alternative Investments
Only one-quarter of advisers even have access to alts, according to Fidelity.
Advisory M&A News – 3/4/24
PCS Retirement announces investment from Lee Equity Partners; Guthrie Rouner Group joins Ameriprise Financial; Robertson Stephens Wealth Management acquires the Thrush Group; and more.
Advisers Are Skeptical of AI’s Potential. This Economist Says It May Be at Their Own Loss
Behavioral economist Shlomo Benartzi took to LinkedIn to gauge how financial advisers view AI’s ability to replace humans. The response surprised him.