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SunTrust Wins Narrow Summary Judgement in Long-Running ERISA Suit
A federal court has rejected the argument that defendants were aware that their predecessor fiduciaries had breached their duties in selecting affiliated funds and thus that they breached...
Global Atlantic Launches Retirement Income Education Resource for Advisers
It helps educate advisers on how to discuss income planning with clients.
Industry Demands Delay of New Jersey Fiduciary Regs, Deference to SEC
Advocacy and lobbying organizations representing the interests of brokers/dealers and investment advisers operating in New Jersey continue to voice their disapproval of the proposed regulations.
Fiduciary Clarity Needed for Successful Open MEP Expansion
Open MEPs as detailed in the SECURE Act offer a structure for a small plan to get maximum fiduciary support, experts say, but the roles and responsibilities of...
401(k) Participants’ Actions Lead to Heaviest Quarter of Net Trading Since 2016
For the 17th straight month, 401(k) investor trades have favored fixed income, according to the Alight Solutions 401(k) Index.
Advisers Should Check Individual Investors’ Unfounded Optimism
Individual investors expect roughly twice the yearly returns forecast by their advisers and investment managers.
GWU Lawsuit Dismissed for Lack of Standing
In a case alleging George Washington University violated ERISA fiduciary duties with regard to retirement plan fees, a federal judge found the plaintiff had waived her right to...
Sponsors Less Optimistic than Advisers About Participants’ Retirement Readiness
A survey by Voya also found that sponsors do not always understand the services that advisers provide, which means that advisers need to communicate their value more effectively.
Adidas 401(k) Lawsuit Argues Passive Funds Best for Participants
Participants allege Adidas’ decision-making, monitoring and soliciting bids from investment funds was deficient
Investment Managers Share Steps They Take for Compliance
A survey finds cybersecurity is registered investment advisers' (RIAs) highest concern.
Market Sentiment for Second Half of 2019 Varies
It’s hard to know what investments to put into place when market watchers are in disagreement, but one thing they can agree on is that retirement investors must...
Retirement Industry People Moves
Insight Investment names portfolio strategist; Ascensus adds RVP to cover northern Texas region; QMA announces chief business officer; and more.
EBRI Projects Effect of Retirement Proposals on Retirement Income Adequacy
Introducing auto portability and allowing open multiple employer plans (MEPs) were simulated to have the biggest impact on decreasing the retirement income deficit.
Labor Secretary Acosta Resigns Amid Controversy
President Donald Trump announced Deputy Labor Secretary Patrick Pizzella will replace Acosta's role in an acting capacity.
Investment Product and Service Launches
Man Group releases ESG analysis tool; Prudential Capital Group renames global investment business; Schwab expands ETF OneSource Program; and more.
Employers Broadening Well-Being Programs to Encompass Many Aspects of Life
Among those that are now considering physical, social, financial, community and mental health, employee productivity is higher.
ERISA Title IV Determination Process Updated by PBGC
Among other elements, Title IV of ERISA is used to determine liability for PBGC termination premiums.
HSAgateway Creates HSA Platform
It helps users quantify the value of their high deductible health care plan, both in the present and the future, and select investments.
Mercer, Club Vita Provide Pension Plan Longevity Risk Reporting
An aggregate enhanced data set will be used by Mercer's consulting teams to provide more powerful insights to help with client decision making.
Split House Committee Advances Stressed Union Pension Loan Program
Democrats on the House Ways and Means Committee were adamant the bill is a positive first step that can and should be built upon in a bipartisan manner.