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Alight CEO Plans to Step Down After Firm Appoints Successor
Alight announced that Stephan Scholl will continue as CEO and director until a replacement is confirmed.
Are District Court Rulings the ‘Final End’ For DOL’s Fiduciary Rule?
Two federal courts in Texas halted the DOL’s new fiduciary rule. An appeal is likely, but ERISA experts say Congress may be the next best stop for the...
Second US District Court Issues Stay of Retirement Security Rule
The Northern District of Texas quickly followed the Eastern by staying the Department of Labor’s fiduciary rule ahead of its September 23 effective date.
Judge Stays DOL’s Retirement Security Rule
The preliminary injunction issued in a Texas district court comes with the fiduciary rule scheduled to take effect September 23.
Pennsylvania Judge Rejects Challenge to FTC’s Noncompete Ban
The ruling contradicts an injunction a Texas court scheduled to take effect in September.
Raymond James Steps Into ETFs, Adds Mo Sparks as Head of Division
An ETF product platform is expected to launch in 2025.
Facing Delayed Retirement, Many Americans Wish They Had Started Saving Sooner
According to new reports from Voya and F&G Annuities & Life, most Americans wish they had started saving for retirement before they turned 25.
World Investment Advisors Acquires Boston Harbor Wealth Advisors
$3.5 billion firm joins World (formerly Pensionmark) to expand its growth strategy and enhance its offering to advisers and clients.
Craig Hawley Promoted to Lead Nationwide Annuity Practice
He will transition from his current position leading retirement solutions to take the spot of the recently retired Eric Henderson.
Off-Channel Communication Tops Investment Adviser Compliance Focus
Communications such as using personal texts with clients topped the marketing rule as the ‘hottest’ SEC regulatory concern for investment advisories.
Insurers Respond to DOL to Forward Fiduciary Rule Lawsuit
Insurance industry advocates press forward with an attempt to get an injunction on the Retirement Security Rule before the September deadline.
Why Chevron Reversal May Make Retirement’s ‘Most Cautious’ Players More Risk-Averse
ERISA experts also suggest that longer-term court rulings could lessen regulatory flip-flopping.
Swing Pricing, Predictive Analytics, Safeguarding SEC Proposals to be Re-Proposed
The SEC aims to try again with its rules on predictive analytics and safeguarding by year’s end and for swing pricing in 2025.
J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings
Stifel and Commonwealth ranked highest among employee advisers and independent advisers, respectively.
ERISA Advisory Council Makes Case for Annuities as Part of QDIA
An ERISA Advisory Council hearing explored expanding the use of annuities in default investment offerings.
401GO Releases Mobile App in Push for Small, Individual Plan Market Share
Participants with 401GO plans can access their contribution history, investment performance and other resources.
DOL’s ESG Rule Challengers Cite Chevron Reversal
Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning of Chevron.
Federal Court Issues Temporary Stay on FTC Noncompete Ban
A final ruling on the merits of the regulator’s ban on noncompete contracts for employees is expected by August 30.
GE Hit By Athene PRT Lawsuit
Schlichter Bogard LLP files a lawsuit against General Electric for completing a pension risk transfer with Athene, joining suits against AT&T and Lockheed Martin, among others.
FSI, SIFMA Join Insurance Industry Lawsuit Against Retirement Security Rule
Brokers and asset managers have also opposed the rule, alongside the life insurance industry.