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Bipartisan group urges DOL to ‘withdraw and cease efforts’ to move ahead with retirement security rule targeting annuities and one-time rollover advice.

Market forecaster Bob Doll believes a shallow recession is due, given lagging effects of monetary tightening.

RCH predicts the automatic transfer of small-balance retirement plan accounts could grow net incremental wealth by $1.6 trillion over the course of 40 years.

Retirement savings portfolios may see less volatility next year, according to Bank of America, Goldman, LPL and Vanguard.

Groom Law Group, Chartered, compares current retirement provisions with new ones that take effect in 2024.

Ascensus and FuturePlan add regional and sector sales heads; InVesti snags sales head from IPX Retirement; EBRI taps Segal executive for board of directors; and more.

Their concerns arise from the wide range of sales conversations that take place between recordkeepers and plan sponsors and the potential expansion of fiduciary status to include them.

Two industry players debate issues surrounding rollovers, annuity sales, and access for smaller accounts.

Amma Boateng will assume the role in January, replacing Tom Rampulla, who is retiring after 35 years at the firm.

The one-page form marks the symbolic start of SECURE 2.0’s enhanced tax credits for small business retirement plan startups.

The company argues in the filing that its fiduciaries followed IRS guidance on how unused retirement assets can be used.

The rule requires more trades to be centrally cleared and is intended to improve market transparency and liquidity.

The highly controversial proposal from the DOL has received support from major industry actors, including the CFP Board and FPA, at times with reservations.

The DOL’s Retirement Security rule is seen as overbearing by some, necessary by others.

The bill would correct errors related to catch-ups, RMDs and Starter Plans.

The capital from Iconiq Growth brings the 401(k) advisory management provider’s total funding to $160 million.

Surveys also indicate they would trust financial professionals more if the advisers leveraged AI-generated advice.

The report argues that EBSA should have more authority over the Federal Thrift Plan and resources to conduct audits.

Passive is taking a lead, particularly in qualified retirement plans, but active advisers are making inroads in other areas, according to Cerulli and other researchers.

The plaintiffs’ complaint included a detailed comparison of allegedly similar, lower-cost recordkeeper fees for the plan with $3.2B in assets.