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Social Security Reports Comparable Projections from 2019
However, the estimates do not reflect the potential outcomes due to the COVID-19 pandemic, says the Social Security Board of Trustees.
Court Backs Union in InterContinental Pension Withdrawal Liability Suit
A federal district court in New York has refused to dismiss a lawsuit claiming the InterContinental Hotels Group owes accelerated withdrawal payments to a national union pension plan.
Investors Fled to Stable Value, Money Markets in March
Stable value funds took in 64% of the inflows and money market funds, 24%, according to the Alight Solutions 401(k) Index.
Nontraditional Workers Face Big Setbacks Amid COVID-19
But retirement industry professionals can find ways to help improve their situations.
Bear Markets, Pandemics and ESG Portfolios
Investment managers say evidence is already mounting to show an outperformance of ESG-themed portfolios during the coronavirus pandemic. Might that help their popularity in the U.S.?
Emory University 403(b) Lawsuit Resolution Announced
More than a handful of university 403(b) cases have been settled.
Profit Sharing Plan Sponsor Accused of Imprudently Managing Plan Assets
Among other things, the plaintiff alleged fiduciaries of the plan were imprudent in their consideration of participants’ varying interests and needs in the plan’s allocation structure and investment...
Iowa Best Interest Standard Aligns with NAIC Model
Iowa’s new proposed conflict of interest mitigation rules are based closely on the model framework finalized earlier this year by the National Association of Insurance Commissioners—with some important...
Clients Can Get a Free Trial of SmartDollar Financial Wellness Program
SmartDollar will evaluate each company’s situation to determine the length of the free trial.
$2 Trillion Stimulus Seen as ‘First Step’ to Fighting Recession
The real question as to when the economy will begin to recover, investment managers say, is when we can contain the coronavirus.
PCS Retirement and Aspire Offer Fee Credits for Loans and Hardship Withdrawals
The firms will credit back all recordkeeper fees on loans and distributions below $10,000.
BrightPlan Offers Financial Wellness Platform at No Cost During Pandemic
Everyone needs to review their budget and financial goals in light of economic uncertainty and the recent stock market correction, BrightPlan says.
Parties Assent to $12.5M Settlement of Putnam ERISA Lawsuit
Under the terms of the proposed settlement, Putnam will pay $12.5 million into a common fund for the benefit of settlement class.
Adviser Industry Impact of COVID-19
The coronavirus has brought a cooling of the pace of M&A, questions about remote work and concerns about what a slowdown in growth could mean for those advisory...
During Crisis, Investors Expect Much from Advisers
Investors are closely watching the way their advisers and investment managers are navigating the novel coronavirus pandemic.
Intro
Changing Directions
When we planned this issue, we were prepared to cover the SECURE Act and its sweeping developments. Since then, we've changed course.
Publisher’s Note
How Will We Move Forward?
The country will get through this, but things will not be the same on the other side.