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A U.S. District Court judge ruled that Department of Labor guidance violated the Administrative Procedure Act.

The Retirement Clearinghouse-led consortium now includes the country’s four largest recordkeepers.

As of the fourth quarter of 2022, the total market for 529 savings plans rose to 16 million accounts with $411 billion in assets, according to data from...

Equitable expands variable universal life portfolio; First Trust offers alternative assets-based ETFs; and more.

Zach Buchwald arrives at Russell from BlackRock, while Invesco promotes Andrew Schlossberg from managing director role.

New research among financial service and insurance companies reveals women’s careers are more at risk as workplace flexibility begins to tighten.

U.S. Bancorp Asset Management picks Jim Link to head OCIO Unit; Marshberry adds Madore as financial advisory VP; and more.

FLX picks Broadridge for asset management distribution platform; Hub partners with employee recognition company Blueboard; more than 100 financial firms join CFA’s code to further DEI; and more.

J.P. Morgan Asset Management promotes head of education savings to lead retirement insights and research division.   

The SEC issued a warning after finding issues, including advisers not properly disclosing conflicts of interest or maintaining written policies.

A 2022 DOL rule clarifying that ESG strategy can be used in fiduciary decisions was challenged by 25 states in a Texas federal court.

The country’s largest mutual life insurer taps Naïm Abou-Jaoudé from a subsidiary to head its investment division, overseeing $371 billion in AUM.

Rule to permit ESG considerations is due to take effect on Monday, but a federal lawsuit aims to derail it.

Vanguard offers multi-sector income bond fund; Hub starts HR technology consulting practice; Vestmark launches six direct-index separately managed accounts; and more.

A mistake in SECURE 2.0 legislation would eliminate both future and existing retirement plan catch-up contributions, though IRS interpretation to keep the rule as intended seems possible.

Jessica Hopper, head of the influential securities regulator for the brokerage industry, is stepping down in February, with Christopher Kelly stepping in on temporary basis.

Starting in January, Delta will give eligible employees up to $1,000 toward an emergency savings account if they complete a financial education program.

Plans will find more room to correct their own mistakes under SECURE 2.0 and a DOL proposed rule change.

SECURE 2.0 offers tax credits to create plans, as well as to join existing PEPs and MEPs.