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Ambitious Firms Seeking Vertical Integration in the Financial Services Industry
The concept of ‘vertical integration’ is historically association with heavy manufacturing industries such as steel production, but it is increasingly the goal in financial services M&A transactions.
Big Dose of HSA Education Needed
Simply put, a lack of insight and advice means Americans are failing to take full advantage of health savings accounts (HSAs).
Close, but No Cigar for Approval of Dignity Health Case Settlement
On a second motion for preliminary approval of the settlement agreement in the church plan case, a federal judge still found a conflict between one subgroup of the...
PAi Enhances Small Market 401(k) Plan Solution
Enhancements include a new investment option from Principal Global Investors geared to minimize market risk by leveraging fixed income investment options that provide a guaranteed crediting rate.
ShareBuilder 401k Offers Free Setup for New Plans
Through July 3, companies can save $495 to $995 in setup costs by starting a 401(k) plan.
Settlement Agreement Reached in Neuberger Berman 401(k) Plan Lawsuit
The lawsuit alleged the firm violated the Employee Retirement Income Security Act (ERISA) by maintaining the Neuberger Berman Value Equity Fund as an investment option in its plan.
Tempered Interest in Custom TDF Market Belies Big Opportunities
Experts say the typical off-the-shelf target-date fund (TDF) isn’t as diversified as what could be created under a custom implementation.
Mergers and Acquisitions Hit Hard by COVID-19
Between March and May, there were only 10 RIA transactions and two IBD deals, according to Fidelity.
Market Optimists Confront Gloomy Growth Forecasts
The 2020 equity market outlook continues to hinge on whether a major secondary spike in COVID-19 infections can be prevented; news headlines on this front confirm this remains...
Simple Steps Toward Retirement Certainty in Uncertain Times
Many people don’t know as much as they should about retirement and investments. There is no time like the present to learn.
Retirement Industry People Moves
Nationwide selects retention leader; Sikich adds senior specialist to retirement plan services team; DWS announces changes to global business side; and more.
Arizona Finalizes and Adopts Annuity Transaction Best Interest Standard
Arizona Gov. Doug Ducey has signed into law a bill to establish a best interest standard applying to the sale of annuity contracts in the state.
New ESG Regulation Expected Soon from DOL
Despite the frequent publication of regulatory guidance—or perhaps because of it—there remains a lot of confusion about how retirement plan fiduciaries should think about environmental and social justice...
A 6% Decrease in Fund Fees Saves Investors Nearly $6 Billion
The average expense ratio decreased to 0.45% from 0.48% the year before, according to Morningstar.
Investment Product and Service Launches
Lincoln Financial Group adds solution within director program; Franklin Templeton increases ETF lineup; Northern Trust announces new series trust; and more.
SoFi Adds CARES Program for Student Debt Relief
The program will help employers facilitate student loan contributions under the CARES Act through 2020.
Recordkeeping Fee Structure Questioned in KeyCorp ERISA Lawsuit
The regional banking company is accused of breaches of the fiduciary duties of prudence and loyalty.
SBA Launches Hiring and Retainment Tool on Third-Party Providers
SBA's founding principal says search engagements on the vendor platform will start at $25,000, depending on the nature and scope of the plan sponsor’s request.
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can...