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Pandemic Will Have Negative Impact on Retirement Savings in Years Ahead, Natixis Says
In releasing its 2020 Global Retirement Index, the investment manager outlines obstacles to retirement savings but says expanding coverage to more people and pairing that with automatic features...
Empower Continues 2020 Acquisitions With Fifth Third Deal
The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets.
PSNC 2020: Considering Health Expenses in Retirement Planning
Experts weigh in on health savings accounts (HSAs) and the need for health care education in the retirement industry.
MGM Resorts 401(k) Joins List of Excessive Fee Lawsuit Targets
The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.
Long-Running Church Plan Case Reaches $25M Settlement
The 7th U.S. Circuit Court of Appeals last year overturned a lower court’s decision to summarily dismiss the lawsuit, which argued OSF Healthcare System’s retirement plan should be...
Advisers Giving Back: Renee Scherzer at 401K Resources
Two causes that are close to Renee Scherzer’s heart are helping with animal rescues and supporting children in crisis—though her giving efforts expand into many other areas.
Fiduciaries of Mutual of Omaha 401(k) Plan Agree to Pay $6.7M to Settle Suit
The suit alleged 401(k) plan fiduciaries selected numerous investment options not to benefit the plan or its participants, but because they paid fees to Mutual of Omaha or...
AutoZone ERISA Suit Clears Motion to Dismiss
The district court declined to rule on the reasonableness of comparing actively managed funds to passively managed index funds on a motion to dismiss, clearing the way for...
Investment Product and Service Launches
J.P. Morgan designs core menu evaluation tool; FTSE Russell launches enhanced Green Revenue Data Model; Franklin Templeton presents goals optimization engine; and more.
PANC 2020: Advisers Giving Back—Ideas for Getting Started
Advisers share how they started various types of philanthropic work.
Coronavirus Rocks Long-View Capital Market Assumptions
Comparing asset managers’ five-year capital market assumptions published in late 2019 and early 2020 with the newly updated versions being circulated today is an eye-opening exercise that underscores...
People of Color Report Limited Retirement Investments
They also say they are not making headway on their retirement goals.
CAPTRUST Acquires Retirement Planning Practice From Plante Moran Financial Advisors
The ‘carve-out’ acquisition brings CAPTRUST’s assets under advisement to $400 billion and represents the continuation of an important retirement plan industry trend involving large, diversified financial services firms.
MassMutual Cites Scale in Agreeing to Empower Deal
The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.
Envestnet Offers Retirement Analytics Solution for Enterprise Home Offices
It is designed to help broker/dealers make strategic decisions about their books of business.
Retirement Industry People Moves
Securian Financial hires regional sales VP; Robeco adds to supervisory board; IRS names associate chief counsel for EEE; and more.
Federal Reserve Head Reviews Why Inflation Matters
A recent speech given by Jerome Powell included some important reflections on history and a few basic lessons about the critical—and often misunderstood—role of inflation in the U.S....
LeafHouse’s Charity Ride for CASA/GAL
It’s no surprise that a charity fitness challenge involving cycling—and a great cause—quickly built momentum among advisers.
15th Anniversary of RPAY: Stace Hilbrant
The 2012 winner of the PLANSPONSOR Retirement Plan Adviser of the Year award says more change has happened in the past eight years than occurred immediately after the...
FOMC Action Cements New Normal for Rates, Inflation Outlook
The economy is always evolving, says Federal Reserve Chair Jerome Powell, and so the nation’s monetary and fiscal strategies for achieving its goals must evolve as well.