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Trends
Regulation Best Interest Arrives
On June 30, the Securities and Exchange Commission’s ‘Reg BI’ goes into effect to enhance the transparency and quality of adviser/investor relationships.
Remember the Real Role of Stable Value
The annualized return from 2000 to 2020 is 4.22% for stable value and 5.25% for stocks. One might expect the difference to be greater.
Excessive Recordkeeping Fees Cited in Oshkosh ERISA Challenge
The lawsuit points to a variety of alleged fiduciary breaches related to the Oshkosh Corp.’s retirement plan’s investment and recordkeeping fees.
Texas Couple Admits to $15M Retirement Plan Embezzlement Scheme
A Texas couple faces a collective 22 years in prison after pleading guilty to an embezzlement and identity theft scheme that eventually funneled more than $15 million out...
Ambitious Firms Seeking Vertical Integration in the Financial Services Industry
The concept of ‘vertical integration’ is historically association with heavy manufacturing industries such as steel production, but it is increasingly the goal in financial services M&A transactions.
Big Dose of HSA Education Needed
Simply put, a lack of insight and advice means Americans are failing to take full advantage of health savings accounts (HSAs).
Mergers and Acquisitions Hit Hard by COVID-19
Between March and May, there were only 10 RIA transactions and two IBD deals, according to Fidelity.
Retirement Industry People Moves
Nationwide selects retention leader; Sikich adds senior specialist to retirement plan services team; DWS announces changes to global business side; and more.
Investment Product and Service Launches
Lincoln Financial Group adds solution within director program; Franklin Templeton increases ETF lineup; Northern Trust announces new series trust; and more.
Recordkeeping Fee Structure Questioned in KeyCorp ERISA Lawsuit
The regional banking company is accused of breaches of the fiduciary duties of prudence and loyalty.
SBA Launches Hiring and Retainment Tool on Third-Party Providers
SBA's founding principal says search engagements on the vendor platform will start at $25,000, depending on the nature and scope of the plan sponsor’s request.
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can...
Another Health System Faces ERISA Excessive Fee Challenge
In yet another lawsuit involving the law firm Capozzi Adler, violations of the fiduciary duties of prudence and loyalty are alleged.
CAPTRUST Continues M&A Push With Lakeside Wealth Acquisition
The addition of the $1.6 billion firm underscores the convergence of retirement plan advising and wealth management practices.
Investment Managers See Opportunities in Small-Caps
They say the Federal Reserve’s fiscal and stimulus moves have put a floor under the equity and bond markets.
Schwab Offers Integrated Solution for Advisers to Manage HSAs
The firm has teamed up with health care financial services providers Optum Bank and Discovery Benefits.
DOL Issues Guidance About Private Equity Investments in DC Plans
An Information Letter addresses private equity investments as a component of a professionally managed asset allocation fund and outlines what plan fiduciaries should consider.
The Financial Services Industry Can Help Tackle Economic Inequality
Each U.S. household in the bottom half of the wealth distribution has only $20,000 of net worth, on average, a figure that represents less than 0.1% of those...