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Investment Product and Service Launches
Alight expands financial wellness platform to include family members; C2P Enterprises announces women’s program; Equitable enhances buffered annuity suites; and more.
Recordkeeper Consolidation: Good or Bad News for Small Managed Accounts?
Industry participants are mixed on whether recordkeeper consolidation will help or hinder business opportunities for managed accounts.
What Resumption of Student Loan Payments Would Mean for Employers
With pundits saying the Supreme Court will likely strike down student debt forgiveness, employers and providers are getting ready to do their part.
Adviser Product Partnerships
RBC C&C selects Vestwell as 401(k) provider; Sanctuary Wealth partners with Pontera on retirement asset management; Prudential, Vitality Global expand Latin America partnership.
2023 PLANADVISER Adviser Choice Awards
PLANADVISER announces winners of its annual Adviser Choice Awards, to be handed out at the 2023 PLANADVISER Industry Leader Awards on May 10, 2023, in New York City.
House Passes Resolution to Repeal DOL 401(k) ESG Rule
The resolution catalyzes the debate over whether to allow ESG investing considerations in retirement savings plans, with the Senate next to weigh in.
Biden To Nominate Su for Secretary of Labor
Deputy Secretary of Labor Julie Su has been selected to replace the outgoing Marty Walsh, but Senate confirmation may bring an ESG battle.
EBSA Head Says Disclosure, SECURE 2.0, ESG Are Key Priorities
EBSA’s Lisa Gomez identified upcoming regulatory priorities related to SECURE 2.0 and the importance of effective disclosure at a conference hosted by the NIRS.
Survey: Financial Advisers Not Optimistic About Future of ESG Investing
Political tensions around ESG, furthered this week with a presidential candidate running in part on anti-ESG sentiment, are turning off advisers to the investing trend, according to recent...
Embattled DOL ESG Rule Receives Democratic Congressional Support
A DOL rule permitting ESG considerations in retirement plan investing has been challenged by two separate lawsuits. House Democrats are now trying to legislate it.
Legal Complaint Says DOL’s ESG Rule “Jeopardizes” Retirement Savers
A second lawsuit in less than a month has been brought challenging the legality of the DOL’s rule concerning ESG in retirement plans.
Expert: Advisers Should Pause on DOL Rollover Guidance Despite Court Reversal
In the meantime, legal experts discourage advisers from violating it in case it is re-instated.
Retirement Saving Hardest Financial Habit for Homes to Adopt
Hearts & Wallets finds just 43% of households have a habit of retirement saving, even as financial wellness tools and guidance proliferates.
Panel: The ‘Golden Age’ of Advisory M&A Has Many Years Ahead
Retirement experts participating in a PLANADVISER webinar say client demand for customization and advice will keep driving M&A among financial advisories.
Senator Pushes For Crypto Option in 401(k) Plans
Republican Senator Tommy Tuberville reintroduced a bill pushing back on DOL guidance that limits 401(k) providers offering crypto in plans.
Investment Service and Product Launches
California ABLE program selects Vestwell for disability savings; Embark launches automated investing platform; and more.
Adviser Product Partnerships
Lincoln and BPAS partner on DB offering; UNest and Wealth combine kid investing and estate planning; Welton and iCapital team upon alternative investment offering.
Federal Judge Nixes DOL Rollover Guidance Interpretation
A U.S. District Court judge ruled that Department of Labor guidance violated the Administrative Procedure Act.
Bridging the Racial Retirement Gap: A Conversation With Spencer Williams
The CEO and president of the Retirement Clearinghouse talks about his decades-long project with Bob Johnson to implement 401(k) auto-portability.
Advisory M&A
Cetera invests in $1.7B Kansas-based advisory; Atria snags two adviser practices from LPL; and more.