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Investment Product and Service Launches
IHS Markit adds MSCI ESG ratings and HarbourVest offers private equity with Vanguard.
UPS Named in Latest ERISA Fiduciary Breach Suit
UPS is not the first national employer to be accused of using outdated mortality tables and interest rate estimates in order to shortchange certain pension beneficiaries.
Blockchain and AI’s Role in Retirement Planning
Among the most popular ideas for the use of blockchain is creating verified digital identities for participants, while others hope to use artificial intelligence to scale up personalized...
Voya Left With One Claim to Fight in Excessive Fee Suit
A federal judge found Voya is a fiduciary with respect to the 404a-5 participant fee disclosures it provides for the retirement plan in which the plaintiff participates.
401(k) Investors Increase Trades Amid Volatility
Investors continue to favor fixed income, the Alight Solutions 401(k) Index finds.
Principal GIC Lawsuit Revived by Appellate Court
The original lawsuit accuses Principal Financial Group of violating ERISA by setting the crediting rate for a guaranteed investment contract (GIC) such that it can “retain unreasonably large...
Plaintiffs Clear Summary Judgement in CBIZ Litigation
A federal court has ruled that the University of Pittsburgh Medical Center’s lawsuit against CBIZ should not be dismissed as a matter of summary judgment.
Marathon PwC ERISA Litigation Grinds On
After 15 years of litigation, a new ruling has been filed in the case by the U.S. 2nd Circuit Court of Appeals, remanding the case once again to...
Record Low Unemployment Spotlights Benefits Generosity
Generous and well-designed employee benefits are even more essential when the unemployment rate dips well below 4%—and so is cultivating a sense of trust and inclusion among the...
OneDigital Acquires Resources Investment Advisors in Latest M&A Transaction
Health care planning meets retirement investing in the latest significant acquisition to hit the registered investment adviser community—the purchase of Resources Investment Advisors by OneDigital.
MassMutual Adds More Student Loan Repayment Help to Financial Wellness Tool
A refinancing program provided through CommonBond is available to people who have access to MassMutual’s retirement plans, voluntary benefits or both.
Retirement Industry People Moves
Miracle Mile Advisors hires investment expert; Empower Retirement selects asset management SVP and head; Employee benefits partner joins Dechert LLP; and more.
More Guidance to Come About SECURE Act Provisions
Bradford P. Campbell, with Drinker Biddle, recently discussed specific requirements for open MEPs, now called pooled employer plans (PEPs), included in the SECURE Act.
Excessive Fee Suit Targets Navy Defense Contractor Serco
The lawsuit resembles many others that have been filed under the Employee Retirement Income Security Act (ERISA), suggesting an employer permitted excessive recordkeeping and mutual fund fees in...
FIA and DiMeo Schneider to Combine Forces
In a statement to their clients, it was noted that Bob DiMeo, managing partner of DiMeo Schneider, and Mark Wetzel, president of Fiduciary Investment Advisors, have known each...
M&A Mechanics: What to Know Before Selling or Buying
How is an advisory practice’s value measured? What determines the revenue measurement—or the multiple?
Investment Product and Service Launches
State Street Global Advisors makes changes to ETF suite, and Nationwide launches income solution ETF.
Berkshire Hathaway OKs Sizable Settlement in Acme Pension Dispute
More than six years of litigation have preceded the announcement of a proposed settlement agreement in Hunter v. Berkshire Hathaway.
FSI Expands Health Care for Member Advisers and Staff
CoveredAdvisor2.0 is delivered in collaboration with Decisely Insurance Services and Humana.
Plaintiffs Partially Clear Dismissal Motion in Health Care Pension Lawsuit
The court says “actuarial equivalence” may be a term of art, but it is in fact left undefined by the federal statutes governing pension plans.