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PNC Launches Financial Wellness Business
The firm already offered a number of financial wellness solutions across its lines of business.
Schlichter Attorneys Sanctioned for ‘Reckless’ ERISA Suit
A federal judge said attorneys ignored red flags about their expert witness and that they 'manufactured' the case.
Investment Product and Service Launches
CTIM adopts Bloomberg PORT Enterprise, AIM solutions; SS&C Technologies introduces insurance marketplace; Franklin Templeton announces new all-inclusive fee structure; and more.
MTA Sues Investment Manager for Not Protecting Funds During COVID-19
New York transit worker pension plans say the firm's mismanagement caused 'astonishing' losses.
An Eye-Opening Millennial Q&A
Kevin Boyles at Millennium Trust says companies have been responding to the pandemic with exceptional agility—driven in no small part by the expectations of their Millennial workers.
15th Anniversary of RPAY: Jeb Graham
One sign of the changing times since Jeb Graham was named Retirement Plan Adviser of the Year in 2013 is that plan sponsors are much more interested in...
Many Workers Report Feeling Satisfied with Employer-Provided Benefits
And more are seeking advice from a third-party professional, especially as open-enrollment season begins.
SECURE Act to Prompt Nearly Two-Thirds of Advisers to Consider Adopting In-Plan Guarantees
For their part, participants say they feel the pandemic has make their retirement savings more vulnerable.
AT&T Defeats ERISA Suit Over Early Retirement Benefits
The plan was being sued for allegedly reducing such benefits by applying an ‘Early Retirement Factor.”
TIAA Says New Mobile Enrollment Experience Is a Sign of the Times
Consumers spent a collective 1.6 trillion hours on mobile devices during the first half of 2020, with a 220% increase in time spent on business apps.
Advisers Giving Back: Stephanie Hunt
Stephanie Hunt at Atlanta Retirement Partners is closely involved with the Food Bank of Northeast Georgia; she particularly enjoys donating her time to the Food 2 Kids program.
Retirement Investments and Presidential Elections
The U.S. presidential election is just one more source of potential stock market volatility, experts agree.
Pandemic Will Have Negative Impact on Retirement Savings in Years Ahead, Natixis Says
In releasing its 2020 Global Retirement Index, the investment manager outlines obstacles to retirement savings but says expanding coverage to more people and pairing that with automatic features...
Employers Face High Health Care Benefit Costs for 2021
Many are already implementing strategies to drive down expenses.
New Excessive Fee Suit Alleges Familiar 401(k) and 403(b) Plan Breaches
Allegations in the lawsuit against Barnabas Health closely parrot other proposed class action complaints filed in the past year against health care systems by the law firm Capozzi...
Empower Continues 2020 Acquisitions With Fifth Third Deal
The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets.
New Voya Video Platform Offers 24/7 Access to Financial Education
The new tool comes at a time where more American workers are looking to technology as a resource for financial information and guidance.
Retirement Industry Experts Concerned by ‘Prescriptive’ Income Projections
Creating a requirement for recordkeepers to provide lifetime income projections is a popular idea, but the EBSA’s proposed framework is seen by some as simplistic and potentially even...
PSNC 2020: Considering Health Expenses in Retirement Planning
Experts weigh in on health savings accounts (HSAs) and the need for health care education in the retirement industry.
MGM Resorts 401(k) Joins List of Excessive Fee Lawsuit Targets
The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.