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John Hancock Investment Management names new managing director; Transamerica selects large market retirement sales leader; Hub International acquires retirement plan consulting firm; and more.

State Street launches new retirement income strategy, while Federated Hermes launches two new ETFs.

Biden says the extension is meant to acknowledge that millions of borrowers are still coping with the negative financial impacts of the pandemic.

SEC Chair Gary Gensler says he looks forward to working closely with William Birdthistle, an at-times harsh critic of the mutual fund industry, to plan and execute a...

A transportation workers’ multiemployer pension plan will receive funds created by the American Rescue Plan Act of 2021 to pay retirement benefits.

The agency issued a supplemental statement in response to stakeholder concerns that private equity investments could be inappropriate for small DC plans.

The original lawsuit was dismissed in September, but the plaintiffs were given time to file an amended complaint, which they have now done.

Like the many other ERISA lawsuits filed against large financial service providers, the complaint alleges that the defendants failed to administer the plan in the best interest of...

The traditional view is that retirees prefer steady consumption as they age, but research suggests that spending declines as retirement progresses.

A new report from the Government Accountability Office suggests the SEC’s performance metrics for FINRA do not measure progress in achieving a specific mission or set appropriate targets...

TIPS work well for investors that do not have much flexibility but, for everyone else, real assets may be a better choice.

Plan fiduciaries face a breach of duty of prudence claim over allegedly excessive investment and recordkeeping fees.

Hub International makes new acquisition; Carillon Tower Advisers names head of sustainable investing and corporate responsibility; K&L Gates adds employee benefits partner; and more.

New capital markets research from Wilmington Trust assesses a trend seen in the global economy, where the number of job openings far outpaces the number of available workers,...

Among other allegations, the plaintiffs claim Voya engaged in an imprudent process while selecting and retaining proprietary target-date funds and a stable value option.

BNY Mellon Investment Management launches active sustainable ETFs; Northern Trust partners with Accelex on alternative asset data; Ninety One rolls out international franchise fund; and more.

Prime Capital Investment Advisors will acquire another personal wealth-focused firm, in Financial Network Limited, after previously acquiring Sphere Wealth Management in April.

The suggested amendments to the agency’s current rules address redemption costs and liquidity.

The firms say held-away accounts often represent a large opportunity for individuals to grow their net worth, but they have historically been challenging for advisers to support.