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Bill Aims to Expedite Payments to Participants Affected by Health System DB Plan Lawsuits
The legislation helps protect defendants who settle lawsuits from claims from co-defendants.
LPL Recalibrates Retirement Business for the Long-Term
Bill Beardsley, head of Retirement Partners at LPL, gives his take on the firm’s decision to close the Worksite Financial Solutions program, and on his plans for lasting...
University Points Out Differences Between 403(b)s and 401(k)s in Motion to Dismiss Lawsuit
George Washington University has been sued over fees for its 403(b) plan.
Cetera Launches Adviser Texting Solution for Smoother Client Communication
The firm recently announced a new initiative to expand its 401(k) business, and it has now unveiled a texting solution aimed at simplifying compliance and recordkeeping in text-based...
DISRUPTION: Talking Adviser Recruiting with LPL Leadership
As retirement specialist advisers shift away from commissioned service and towards relationship-based wealth management and plan design consulting, providers of brokerage and investment management services are making their...
‘Wants’ Trump Long-Term Financial Priorities for Many Americans
For one-third (33%) of Americans, spending on an experience has taken priority over achieving some larger financial goals, including saving for retirement, using the money for other financial...
Gig Workers Face Financial Challenges
Prudential says today’s financial wellness challenges may lead to tomorrow’s retirement shortfalls.
Principal Debuts Two Retirement Plan Products for Small and Mid-Sized Plans
The solutions can help retirement plan sponsors and the advisers serving them easily arrive at a baseline cost for the plan
Workers Worry About the Future of Social Security
This is especially a concern, as only 20% believe they are saving adequately for retirement.
Gen X, Millennials May Have Misguided Retirement Expectations
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income,...
ABG of Michigan Works With Retirement Plan Advisers and Sponsors to Create Financial Wellness Program
Implementation of the program is a collaboration between ABGMI and financial advisers to present meetings, webinars, email and messaging campaigns, and one-on-one personal chats that help maximize reach...
Mutual of Omaha Launches Calculator to Help 401(k) Participants Achieve Goals
The tool allows financial advisers to view participant retirement visions and help with calculations that can be used to set retirement savings objectives.
Groom Law Group Calls for IRS Determination Letter Program Expansion
At the start of 2017, the Internal Revenue Service dramatically limited when a retirement plan could seek an individual determination on its tax-qualified status; ERISA attorneys are calling...
Betterment Settles FINRA Allegations Tied to Bookkeeping Practices
Without admitting guilt or even the facts of the case, Betterment has settled various allegations of improper recordkeeping and "window dressing" leveled by FINRA, to the tune of...
MetLife Faces Court Challenges for Pension Risk Transfer and Beneficiary Practices
According to the text of the complaint, the action seeks to hold MetLife accountable for the company’s conversion of more than $500 million in annuitized retirement benefits, interest,...
Education Critical to Helping Participants Use a Retirement Plan
Ongoing education makes participants aware of the plan and underscores its value.
ARA Study Shows How E-Delivery Would Benefit DC Plan Participants
The ARA says e-delivery can lead to increased saving and investing.
Tax Law Prompts DB Plans to Boost Funding
They have until mid-September to deduct pension plan contributions at the rate of 35%; after that, the lower 21% rate kicks in.
ESG Fund Performance Goes Under Cerulli’s Microscope
As an investment professional or a client, there are a lot of reasons to feel positive about the topic of environmental and socially minded investing, but new Cerulli...
Retirees More Worried About Health Than Money
Ninety-one percent believe their savings will last throughout their lifetime, MassMutual found in a survey.