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Subpar Technology Could Steer Clients Away from Advisers
Many advisers complain about lack of automation and functionality and prefer a platform that gives them more time to focus on clients.
HUB Expands Wealth Management Footprint with Purchase, On Pace for 70 Acquisitions
Hub’s recent acquisition of Tulsa-based Bridgecreek puts it over 60 acquisitions this year as it continues to build its footprint across asset management, retirement, insurance and employee benefits.
Proposed Settlement Would Cost Juniper Networks $3 million
Juniper agreed to a proposed settlement dismissing allegations they mismanaged their sponsored retirement plan; judicial approval still required.
Retirement Plans Still Vital in Talent War to Retain Employees
Research from Voya finds U.S. workers still value a retirement plan about as much as a flexible work arrangement. Ubiquity Retirement + Savings backed up the findings, saying...
Applications and Implementation of The New Marketing Rule
Various leaders within the SEC discussed in a public seminar today some of the interpretations and applications of the new marketing rule.
DOL Rejects ForUsAll’s ‘Tactical Retreat’ in Crypto Retirement Case
The DOL shot back at 401(k) provider ForUsAll’s offer to drop its suit if the court confirmed a DOL warning about crypto in retirement plan as “not binding.”
53% of Savers Who Rely on Workplace Plans Don’t Work with Advisers
U.S. consumers have a growing appetite for professional financial advice, but more than half of people relying on their employer-sponsored plan don’t go beyond self-service options, according to...
Recordkeeper Consolidation Leads to Drop in Proprietary Product Share, Opening Door for Asset Managers
The consolidation of DC plan providers may not be as much of a threat to asset managers as some have thought, with recordkeeper integration needs and legal risk...
A Closer Look at the Emergency Savings Provisions in SECURE 2.0
Research shows ESAs can increase investment in retirement savings accounts, but Senate bills involved in SECURE 2.0 package contain different kinds of emergency savings provisions.
SPARK Releases Updated Data Security Best Practices
Updates were developed by SPARK Institutes data security oversight board, are consistent with the DOL best practices.
Alight Expands Partner Network to Add Well-Being Solutions
Worklife platform’s new partners add musculoskeletal care and tobacco cessation solutions to promote employees’ well-being.
DOL: Plan Sponsors in PEPs Don’t Necessarily Need to Purchase Fidelity Bond
The department of labor clarified in a response letter some of the responsibility and costs that plan sponsors can offload or avoid when joining a pooled employer plan.
Expert Panel: The Economic and Political Sides of ESG
Experts caution against including political values in investment strategy, but explain that ESG is not a political agenda.
FTX Bankruptcy Has Chilling Effect on Crypto Use in Retirement Plans
The collapse of the cryptocurrency exchange and related plummet in the crypto market has increased concern about including the asset in DC plans.
Retirement Industry People Moves
Credit Suisse Asset Management appoints head of product; Milliman expands Employee Benefits Administration sales team; Strategic Investment Group hires head of non-U.S. equity; and more.
DCIIA Announces New Adviser Council
The retirement industry association announced three new advisory councils to support advisers, plan sponsors, and institutional consultants.
Advisers Should Counsel “Cautious Optimism” Amid Cooling Inflation
Retirement experts weigh in on how advisers can help plan sponsors and participants understand news of cooling inflation, but continued rate hikes into 2023.
Investment Product and Service Launches
Voya adds private equity investment option to NQDC offering; MSCI expands Implied Temperature Rise Metrics to funds and indexes; John Hancock Investment Management adds tax-free income options for...
Smaller Asset Managers Lag Behind in Adviser Digital Experience
Gap in website satisfaction between large and small asset managers could lead to less investment.
Retirement FinTech Startup Lilly to Push Credit Card Rewards to IRAs
Venture-capital backed startup Lilly Funds recently launched a savings app to ship cash rewards from purchases to retirement accounts.