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After Grace Period, SEC Share Class Disclosure Investigations Begin
Attorneys warn the “other shoe has dropped” in the SEC’s special Share Class Disclosure Initiative—and RIAs that did not self-report potential 12b-1 fee disclosure violations are now being...
Can Congress Help Change Sponsors’ Take on In-Plan Annuities?
Experts believe the annuity provider selection safe harbor provision in the Retirement Enhancement and Savings Act could limit fiduciary liability for plan sponsors offering guaranteed income in their...
Nearly Two-Thirds of Retirees Wish They Had Been More Knowledgeable About Saving and Investing
In addition, two-thirds of those surveyed by the Transamerica Center for Retirement Studies say their most recent employers did “nothing” to help pre-retirees transition into retirement.
9th Circuit Reverses Dismissal of Intel Alternative Investment Suit
The appellate panel concluded that disputes of material fact exist as to the timing of the plaintiff’s actual knowledge of the alleged fiduciary breach, precluding summary judgment for...
More DB Plan Sponsors Facing Lawsuits Over Use of Outdated Mortality Tables
As cases against MetLife, Pepsi and American Airlines have been filed, Groom Law Group questions whether these cases may present a new area of potential legal exposure.
Texting Your Clients? Don’t Overlook SEC Communication Rules
SEC examiners are concerned that the way mobile and personally owned communications devices are used by advisers pose challenges in their meeting obligations under the Books and Records...
Yale Says 403(b) Plan Changes Not a Result of Ongoing Litigation
The university has pared down to 11 investment options in its 403(b) plan.
Gallagher Launches Consulting Practice Targeting Financial Wellbeing
The program, described to "optimize wellbeing," launches at a time when employers are looking for more financial wellness platforms that better suit the needs of their employees.
Asian-Americans Place High Levels of Importance on Financial Goals
Prudential Financial looked at the financial health of Asians, Blacks, caregivers, Latinos, LGBTQ Americans and women.
PBGC Issues 2019 Premium Filing Instructions
The agency has included revised instructions regarding disaster relief to reflect recent changes made to PBGC’s practice.
IBM Stock Drop Litigation Revived by 2nd Circuit
The decision breaks from other cases in which district and appellate judges have found plaintiffs did not meet strict pleading standards established by the influential Dudenhoeffer decision.
Pension Plan Glide Paths Need to Evolve
As funding status improves, it is important for most employers to take pension investment risk off the table and move to liability-driven strategies.
IRIC Expects Retirement Income Focus Throughout 2019
DC plans are well positioned to significantly add to American’s financial security by adopting retirement income solutions that are currently available in the market today.
Advisers, Providers and Sponsors View In-Plan Income Differently
According to Cerulli research, the various parties involved in the implementation of an in-plan retirement income solution are often not on the same page about basic terminology and...
Retirement Industry People Moves
Stadion adds marketing VP to Maine office; TRA acquires Tennessee TPA firm; Marketing strategist joins Custodia; and more.
Charles Schwab Equity and Bond CIOs Don’t See Likely Recession
Omar Aguilar and Brett Wander agree that global growth is likely to slow some in 2019 and that volatility will persist as liquidity decreases, but they contest the...
Segal Group Offers Calendars to Help Retirement Plan Sponsors With Compliance
The firm has published 2019 Reporting & Disclosure Calendars for multiemployer and single employer benefit plans.