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Corporate America Pushes for SECURE Act Passage
It’s not just the financial services industry pushing for passage of the Setting Every Community Up for Retirement Enhancement Act; chambers of commerce, consumer advocacy groups and major...
The Case for Automated Emergency Savings Accounts
They are seen as a hedge against retirement plan participants taking loans or hardship withdrawals.
SEC Seeks to Bring Adviser Advertising Rules into the Digital Age
As one source points out, the SEC’s advertising rules have not been substantively amended since 1961, long before social media and the dominance of the Internet—even before fax...
DOL and SEC Weigh New Proxy Voting Standards
Both the Department of Labor and the Securities and Exchange Commission are revisiting their proxy voting rules, creating an opportunity for greater regulatory alignment.
The Business Cycle, Geopolitics and Retirement Investing
Trade tensions between the U.S. and China have dominated financial news headlines, but investors have a lot more to think about, including “Brexit,” an aging workforce and a...
Recordkeeping Fees Under the Microscope
Retirement plans of all sizes are seeing their recordkeeping fee schedules questioned, especially when those fees are expressed as a percentage of assets.
Retirement Industry People Moves
PCS Retirement names new COO; Cohen & Steers appoints global real estate head to CIO; The Standard names TPA sales director; and more.
Big Providers Focused on Retirement Income—Just Not Annuities
To guarantee or not to guarantee? For some of the leading recordkeepers and investment managers, that’s not a question they necessarily want to answer.
Investment Product and Service Launches
Timeline partners with Morningstar aggregation service; Watchdog Capital introduces securities platform; Principal Global Investors creates combined emerging markets fixed income team; and more.
Individual Arbitration Ordered in Greystar ERISA Lawsuit
The order comes after an important appellate ruling in the 9th Circuit endorsing the forced arbitration of ERISA claims, but notably, the lawsuit in question here was filed...
Cetera Unveils ‘All-In-One’ Marketing Platform
The MarketingCentral platform also delivers access to a content library including videos, infographics, quizzes and calculators.
Protecting Participants: What to Know About Mutual Fund Boards
Mutual fund boards often do a better job of protecting shareholders than corporate boards, one source says, which are potentially more focused on management and their own self-interest.
CenturyLink’s Investment Management Company Faces ERISA Claim
On their third try, participants in CenturyLink's 401(k) plan get a recommendation that one claim move forward.
$18.1M ERISA Lawsuit Settlement Price Tag for MIT
In addition to the sizable monetary settlement, the defense has agreed to certain changes in the way it pays for recordkeeping and administrative services—though MIT in the end...
Preventing Financial Abuse of Aging Clients
Retirement plan advisers do more than help shape their retired clients’ finances; they can and indeed must play a part in making sure their clients are treated equitably.
Judge Recommends Columbia University ERISA Suit Moves Forward
A magistrate judge found that there are genuine issues of material fact as to whether Columbia acted prudently throughout the class period by not consolidating to a single...
401(k) Participant Files ERISA Lawsuit Against Goldman Sachs
The lawsuit points out Goldman Sachs offered lower-cost investment vehicles to institutional clients that it did not use in its own 401(k) plan.
Odds of SECURE Act Passage This Year Pinned at ‘Less Than 50-50’
While parties on both sides of the political spectrum are pushing for passage of the SECURE Act, one Washington insider who helped implement the Pension Protection Act says...
‘FINRA Settlement Expungement Process Is Broken,’ Former Regulator Says
FINRA is advancing a proposal to modernize the process by which brokers can clear their records of past customer disputes, but one former regulator questions whether the proposed...
Retirement Industry People Moves
Ameritas president succeeds former CEO and chair; Voya Retirement adds account exec to large market side; AIG Retirement appoints market management SVP; and more.