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High Inflation Takes a Toll on Employees’ Financial Well-Being
Inflation, which remains elevated as of Tuesday's CPI report, has led to increased stress, less financial preparedness and growing debt, according to EBRI.
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.
DE&I Initiatives: Are They Working?
Retirement advisory firms have been working to implement diversity, equity, and inclusion programs for years, but have they been effective?
DE&I in a Hybrid World
Women, parents, and people of color are opting in to remote work at higher rates than their peers, but some workplace experts say remote work brings new challenges...
Collective Trusts Expected to Top Mutual Funds as Primary Target-Date Vehicles in 2023
Most target-date providers saw losses in 2022, with gains coming mostly from CIT-based funds.
Empower Joins Auto Portability Consortium
The Retirement Clearinghouse-led consortium now includes the country’s four largest recordkeepers.
DOL: More Time to Comment on Fiduciary Correction Program
The Department of Labor has extended the public comment period for a program that would allow fiduciaries to self-correct for retirement plan contributions that are not invested, rather...
Advisory M&A
Cetera invests in $1.7B Kansas-based advisory; Atria snags two adviser practices from LPL; and more.
Retirement Industry People Moves
Lincoln Financial Group names Vince Garzarella VP; Northern Trust Asset Management names new presidents; Empower promotes Noble to general counsel; and more.
Will RMD Age Increases Cause ‘Abandoned’ Property Problems?
SECURE 2.0 increased the RMD age to 73 and will increase it again to 75 in 2033. Some states’ laws could cause IRAs to be unfairly seized by...
Putnam Adds Sustainable Retirement TDFs
Putnam brings its first ESG-focused target-date series to defined contribution plans, with plans for further choice, personalization.
529 Flows Dip to $1.5B, But Still Strong Amid Market Volatility
As of the fourth quarter of 2022, the total market for 529 savings plans rose to 16 million accounts with $411 billion in assets, according to data from...
Investment Service & Product Launches
Equitable expands variable universal life portfolio; First Trust offers alternative assets-based ETFs; and more.
Microsoft Escapes Retirement Plan TDF Suit
One of a string of lawsuits filed against companies that put retirement savers into a BlackRock TDF suite was dismissed by a district court judge.
Survey of LGBTQ Workers Finds Lower Satisfaction With Work Benefits
LGBTQ and non-LGBTQ workers have broadly similar interests in terms of benefits, but there may be an access gap, EBRI research finds.
Panel: False Ideas About Financial Advisement May Be Limiting Diversity
A panel of financial professionals said misunderstandings about educational requirements or beliefs that the industry does not serve all communities can hold back talented candidates.
DC Investment Providers Russell, Invesco, Name New CEOs
Zach Buchwald arrives at Russell from BlackRock, while Invesco promotes Andrew Schlossberg from managing director role.
Retirement Savers Held Course in 2022 Despite 401(k) Declines
The latest retirement plan participant tracking from Vanguard and Bank of America show retirement savers’ resilience last year.
Biden “Won’t Let” Republicans Cut Social Security
In the State of the Union address, Biden commits to protecting Social Security and Medicare from cuts to address the debt ceiling.
Voya Saw 10% Growth in Managed Accounts in 2022
Participants held steady elsewhere, but Voya credits uptick to enrollment campaigns, new plan features and free trials.