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Consultant Named in ESOP Buyback ERISA Lawsuit
One of the defendants in the case, the trustee who oversaw a questioned ESOP buyback transaction, was at the time allegedly working as the chief financial officer of...
The Coronavirus Crash Tax Diversification Opportunity
Every cloud has a silver lining. One opportunity presented by the recent market volatility caused by the coronavirus pandemic is the chance to create greater tax diversification in...
Will Millennial Workers Switch to Emergency Savings?
Industry analysts predict the younger workforce may shift its focus towards emergency savings, instead of retirement, as a result of the COVID-19 crisis. Advisers can help with this...
Industry’s SECURE Act Progress Continues
Firms keep rolling out new lifetime income solutions even as the industry struggles to overcome the challenges of a pandemic.
Court Backs Union in InterContinental Pension Withdrawal Liability Suit
A federal district court in New York has refused to dismiss a lawsuit claiming the InterContinental Hotels Group owes accelerated withdrawal payments to a national union pension plan.
Adviser Industry Impact of COVID-19
The coronavirus has brought a cooling of the pace of M&A, questions about remote work and concerns about what a slowdown in growth could mean for those advisory...
Bear Markets and DC Plan Drawdown Strategies
One silver lining in the economic fallout of the coronavirus pandemic in the United States is the opportunity to re-educate people about risk and the role of guarantees.
Clients Must Treat Layoffs and Furloughs Carefully
The IRS may determine that a ‘partial termination’ of a plan has occurred if a company undergoes sizable layoffs—but not furloughs—potentially impacting vesting schedules and other aspects of...
Building Digital Connections in a Socially Distant World
Those few remaining advisers who have been reluctant to integrate digital communications as a core part of their client service strategies have little choice but to reconsider in...
7th Circuit Affirms Win in Northwestern University ERISA Suit
The court concluded that "the amended complaint appears to reflect plaintiffs’ own opinions on ERISA and the investment strategy they believe is appropriate for people without specialized knowledge...
Are You an Adviser or Consultant?
Think that distinction doesn’t matter? Just ask your service provider partners.
In Coronavirus Response, Merger and Acquisition Activity Slowed by DOJ
The federal government will provide itself 30 additional days to review economically significant mergers and acquisitions—which include for example the purchase of TD Ameritrade by Charles Schwab.
Beyond the Daily Market Moves, Opportunity Awaits
Significant volatility will persist for the foreseeable future, experts agree, but the long-term return opportunity in the stock and bond markets remains strong.
When Target-Risk Makes More Sense Than Target-Date
The reason why target-risk funds gave way to target-date funds is the perceived simplicity of just using one’s retirement date to set the portfolio's investment risk tolerance—but this...
Government Plaintiffs Clear Dismissal Hurdle in Reliance Trust Lawsuit
The Department of Labor brought the underlying case and has argued successfully in opposition to the defendants’ dismissal motion, which has now been denied.
Attorneys Say Guaranteed Income Safe Harbor Clearer Than Previous Guidance
Advisers will play an important role in helping plan sponsors perform their due diligence and helping participants accept annuities.
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Why COLI? Why MassMutual?
Interview with Mark Laramee, Managing Director of COLI Sales, Institutional Solutions
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