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The complaint against Wesco Distribution also alleges that the defendants chose higher-cost share classes for investments.

eMoney Advisors adds new features to Monte Carlo set; Investors Heritage launches latest fixed index annuity; Wisconsin and Voya Investment Management reduce fees on Tomorrow’s Scholar 529 program;...

Employers working with AIG Retirement Services can select from different virtual and mobile elements—including QR codes, instructional videos and interactive education modules. 

Participants’ financial wellness and emergency preparedness have become more important in advisers’ service models, and some practices are even guiding clients on vaccines and reopening their businesses.

Since being named the 2018 PLANSPONSOR Mega Team Retirement Plan Adviser of the Year, the practice’s assets under advisement have doubled.

A new webpage brings together all the agency’s actions and information as a response to increased investor demand for climate and ESG investing.

Retirement plan balances have never been higher, fresh data from the Investment Company Institute shows, yet many millions of Americans are unable to participate in the growth.

Sources say 2021 was already coming together as a year of very strong economic growth, and with the passage of an additional $1.9 trillion in fiscal stimulus support,...

Both single-employer plans and multiemployer plans will get help with funding.

The financial services company is facing self-dealing allegations that closely echo those filed—with mixed results—against many of its industry peers.

The department says it will not pursue enforcement actions against any plan fiduciary for failure to comply, and it plans to release further guidance on the issues.

Who gets to define best execution? Is T+1 or T+2 better for market stability? What even is payment for order flow? The Senate Banking Committee tackled all these...

The prescheduled phase-out of the coronavirus disaster declaration had created a ‘compliance conundrum,’ which the DOL has now addressed by issuing additional guidance.

The ongoing implementation of Regulation Best Interest gets top billing in the SEC’s recently published 2021 examination priorities list, though recent evidence suggests the regulator’s focus on share...

The American Red Cross is accused of allowing excessive investment and recordkeeping fees in its 401(k) plan.

A newly filed settlement agreement stipulates that Norton Healthcare and Lockton will each pay half of a total settlement of $5.75 million, which will be used to compensate...

Nearly 70% of retirees say they retired earlier than they had expected, up from 50% in 2020.

Thanks to increases in longevity and lower expected returns from stocks and bonds in the foreseeable future, annuities are now seen as a big part of the solution.

MSCI to launch investment solutions with Microsoft, and Xtrackers by DWS launches ESG ETFs.