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Retirement Industry People Moves
Schroders selects fixed income head and CalPERS names private equity investment director.
PSNC 2020: Creating Income Streams for Participants
Panelists discussed how employers can add different lifetime income options into their plans and the appropriate products to use.
Considerations When Constructing Plan Committees
Having an odd number of members is sensible, as is pursuing a committee that reflects the employee population’s demographics.
Settlement for Cornell 403(b) Plan Suit Filed for Preliminary Approval
Parties agreed that a payment of $225,000 will settle the remaining claim in the case related to the share class of the TIAA-CREF Lifecycle Funds.
Excessive Fee Lawsuit Filed Against Duke Energy
The drumbeat of Employee Retirement Income Security Act (ERISA) excessive fee lawsuits rolls on.
Long-Running Church Plan Case Reaches $25M Settlement
The 7th U.S. Circuit Court of Appeals last year overturned a lower court’s decision to summarily dismiss the lawsuit, which argued OSF Healthcare System’s retirement plan should be...
SEC Approves Controversial Shareholder Proposal
Negative reactions immediately piled in from concerned stakeholders and consumer advocates who say the proxy voting rule amendments will stifle shareholder engagement.
Advisers Giving Back: Renee Scherzer at 401K Resources
Two causes that are close to Renee Scherzer’s heart are helping with animal rescues and supporting children in crisis—though her giving efforts expand into many other areas.
Home Depot ERISA Lawsuit Clears Dismissal Motions
While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot fiduciaries will proceed.
Fiduciaries of Mutual of Omaha 401(k) Plan Agree to Pay $6.7M to Settle Suit
The suit alleged 401(k) plan fiduciaries selected numerous investment options not to benefit the plan or its participants, but because they paid fees to Mutual of Omaha or...
PANC 2020: Taking an Economic View of ERISA Litigation
An economic consultant discusses what plan fiduciaries should consider during this uncertain period and future litigation to look out for.
AutoZone ERISA Suit Clears Motion to Dismiss
The district court declined to rule on the reasonableness of comparing actively managed funds to passively managed index funds on a motion to dismiss, clearing the way for...
Workers Need Help on Retirement Income
They expect 44% of their retirement income will come from their 401(k), according to Charles Schwab, and half said they would benefit from financial advice.
PANC 2020: Virtual One-on-Ones, How Workplace Retirement Advice Is Changing
Advisers discussed their strategies for reaching retirement plan participants, the technology they use and the pros and cons of the new virtual environment.
PANC 2020: Prospecting and Closing New Business in a Socially Distant Normal
Experts discuss best strategies for retaining and attracting new clients in a virtual world.
PANC 2020: Adviser Industry M&A From an Academic Perspective
Larger, more established firms are acquiring wealth management and RIA firms.
DB Plan Investment Provider and Investment Adviser Sued Over Market Losses
The Blue Cross and Blue Shield Association National Employee Benefits Committee says if the investment strategy of certain funds had been followed, they wouldn't have lost as much...
PANC 2020: Retirement Income and Participant Outcomes
Experts discussed solutions to retirement income challenges faced by plan sponsors and participants, sharing key strategies to help ease longevity concerns.
Retirement Industry People Moves
QMA appoints new head of U.S. consultant relations; ABG expands to Midwest with Retirement Plan Consultants; The Wagner Law Group promotes ERISA attorneys; and more.
Intel Now Faces Consolidated Suit Over Alternatives in TDFs
Now that the U.S. Supreme Court has ruled on the meaning of 'actual knowledge,' Christopher Sulyma has joined a lawsuit filed against Intel last year.