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Financial Advisers and the Great Resignation
Wealth management firms struggling to attract and retain talent are facing challenges stemming from disruptions related to technology and the pandemic, according to J.D. Power.
What It Takes to Prepare for Retirement
J.P. Morgan has released its annual ‘Guide to Retirement,’ bringing fresh insight into the saving and spending behaviors of retirees.
ERISA Complaint Alleges $751K Retirement Account Thievery
The entire retirement account balance of a Colgate-Palmolive retirement plan participant who lives in South Africa was distributed to a bank account in Las Vegas.
Calls on Congress to Fully Fund Reg BI Implementation
An open letter to two U.S. Senators emphasizes that the SEC must receive sufficient fiscal support to effectively oversee the industry’s ongoing implementation of Regulation Best Interest and...
The Effects of Consistent 401(k) Participation
According to EBRI, the average account balance increased at a compound annual average growth rate of 15.6% from 2010 to 2019 for those that consistently participated in their...
EBRI Asks What It Takes to Retire Without Regrets
In a new ‘Fast Facts’ publication, researchers examine the current characteristics of retirees living without major financial regrets.
Retirement Industry People Moves
Mercer Advisors acquires two firms; First Trust Capital Partners acquires direct indexing firm; New York Life appoints head of retail annuities; and more.
PBGC’s Final Union Pension Relief Rule Praised—and Questioned
Sources agree that the final updates made to the Special Financial Assistance program for severely stressed union pensions are helpful, but some are concerned about the expanded ability...
University 403(b) Plan Faces ERISA Breach Lawsuit
The plaintiff has alleged excessive fees for recordkeeping, administrative services and investment management against a large university plan in a new fiduciary breach lawsuit.
Bringing Awareness to the Gender Investing Gap
Less than half of women feel they have influence on investment decisions, and many regret not saving and investing sooner, according to a Bank of America study.
Rush of SEC Regulatory Activity Includes E-Filing Rules
The SEC’s leadership says it is important, in today’s digital age, for filers to have easy online methods to submit information to the market regulator.
PBGC Issues Final Rule for Stressed Union Pension Payments
To date, the Pension Benefit Guaranty Corporation’s multiemployer pension support program has operated on an interim rule and has protected nearly 130,000 individuals’ pension benefits across some 560...
An SEC Update: Marketing Rule Implementation and Reg BI Enforcement
One expert attorney says the SEC’s recent charges against a brokerage firm demonstrate the potency of Regulation Best Interest’s ‘compliance obligation,’ and he warns that registered advisers must...
Morgan Stanley Partnership Expands Access to Employee Stock Purchase Plans
A new collaboration with Carver Edison will provide Morgan Stanley at Work clients with technology to simplify and streamline the administrative work required to manage employee stock purchase...
Pension Plans Among ESG’s Biggest Proponents
Major pension funds see sustainable investing as a fundamental element of investing rather than a potential drag on performance, according to a new Morningstar survey.
The Biggest Risks Americans Face in Retirement
A new Center for Retirement Research analysis identifies five major retirement risks, with the top three being longevity, market and health risks.
A Capitol Hill Update With SSGA’s Melissa Kahn
The leader of State Street Global Advisors’ public policy work says there is significant momentum building in Congress behind another ambitious package of retirement reforms.
Kellogg Faces ERISA Managed Account Fee Complaint
The new complaint also suggests the company and its retirement plan fiduciaries permitted the payment of excessive recordkeeping fees.
Retirement Industry People Moves
Carillon Tower Advisers to rebrand as Raymond James Investment Management; J.P. Morgan Asset Management hires senior investment specialist; GW&K announces changes to executive leadership; and more.
Ubiquity Adds 3(16) Services to Select 401(k) Products, Announces Partnership
Ubiquity says its new 3(16) services will allow it to take on heavily regulated fiduciary responsibility, while it will receive business referrals from Paycor to provide retirement benefit...