Search results for: a
Race, Gender Disparities Still Evident in Retirement Account Balances
Even when accounting for salary and tenure, the gap still exists.
HSA Balances See Upward Trend, Despite Increase Healthcare Spending
Recent EBRI data reveal a rising average in health savings account balances, despite employees frequently using them for short-term spending.
Social Security Administration to Relax Overpayment Clawback Rules
SSA Commissioner Martin O’Malley also laid out the agency’s customer service issues.
Product and Service Launches – 3/21/24
Nuveen distributes annuity to empower DC plans; Navia partnership launches custom 401(k) plans; Harford Funds expands ETFs; and more.
Frequent Contact, Plan Knowledge Can Help Advisers Earn Business
A YCharts survey studied how to attract and retain new clients, noting respondents’ preference for extensive communication.
Empower Announces Suite of Guaranteed Income Solutions For Retirement Plans
Empower plans to distribute the four new offerings through advisers and consultants.
Managing Fiduciary Conflicts in the Age of Convergence
ERISA expert David Kaleda discusses what the DOL’s proposed Retirement Security Rule may mean for retirement and wealth management firms.
GOP Proposes Bills to Require Longer SEC Comment Periods, Overturn Private Funds Adviser Rule
Introduced in the House of Representatives, a bill to invalidate the private funds adviser rule would be unlikely to pass the Senate.
2nd Lawsuit Filed Against AT&T Over PRT Deal
In two different cases, AT&T faces renewed scrutiny regarding a pension risk transfer arrangement made with Athene, while a lawsuit challenging utility company PPL's use of 'underperforming' target-date...
Product Partnerships – 3/19/24
Aspida and Flourish partner to distribute Aspida annuities; Capitalize to power rollovers for Ellevest clients; Orion and CAIS expand alternatives access for advisers; and more.
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.
Millennials Redefine Retirement as ‘Financial Independence’
Although Millennials are somewhat confident about having enough retirement savings, a significant number experience 'money dysmorphia,' according to new research.
Core Menus Need to Evolve
David Blanchett of PGIM argues that qualified retirement plan menus have ‘notable gaps’ in alternative asset classes that would improve outcomes, and retention, for retirees.
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.
Advisory M&A News – 3/18/24
Savvy Advisors adds principal wealth managers; Merit Financial Advisors partners with Viren and Associates.
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.