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FTX Bankruptcy Has Chilling Effect on Crypto Use in Retirement Plans
The collapse of the cryptocurrency exchange and related plummet in the crypto market has increased concern about including the asset in DC plans.
ESG Interest ‘Relatively Weak’ for Do-It-Yourself Retirement Investors
Among new, self-directed DC retirement plan participants, ESG fund allocation is ‘relatively modest when offered in the core menu,’ according to research from PGIM and EBRI.
Women in Senior Roles Reach Retirement with 62% of Wealth of Male Peers
The wealth accumulation gap between women and men is largest in leadership roles, in part because the pay trajectories for women are significantly lower than men, new study...
Adviser CEO Faces Up to 45 Years for Fraud, Keeping Employee 401(k) Contributions
Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the IRS.
SEC Marketing Rule to be Enforced Next Week
Compliance for a new rule aimed at preventing investment advisers from misleading clients goes into effect November 4, next Friday.
SEC Finalizes Rule Requiring Recovery of Improper Executive Incentive Pay
The new rule requires securities firms to recover incentive pay if it was premised on an accounting error.
Adviser Product Partnerships
The Standard partners with Noyo to modernize the customer experience; Abel Noser Solutions and OWL ESG partner to offer ESG consensus ratings system; Quility announces launch of Quility...
Outdated Mortality Table ERISA Suit Filed in Arizona
The lawsuit alleges that Pinnacle West, an electric utility, used outdated mortality tables, causing it to underestimate the present value of employee pensions.
Inflation Concerns Have Spiked for Investors, with Retirement Effects
Investors who work with an adviser or financial professional are more likely to have a plan to generate income in retirement.
Annuities as Part of Target-Date Funds Grow in Popularity
Cerulli retirement research shows growing interest in TDFs with guaranteed income for plan sponsors’ lifetime income options among consultants.
ESG’s Impact on Three States’ Retirement Systems
While the ESG controversy has not changed how three states operate, one state treasurer has doubled down by banning them from state investments.
Proposed Independent Contractor Rules Could Bring Difficulties for Some Financial Advisors
The proposal would make it easier for workers to classify themselves as employees, as opposed to independent contractors, which could increase costs and reduce flexibility for independent advisors.
The Challenges and Opportunities for ESG Portfolios
Georgetown conference panel discusses how ESG should be understood in the context of other socially informed investments, and how it should be regulated.
ERISA Industry Committee Comments in Opposition to New DOL QPAM Rule
The DOL has proposed that QPAMs would be disqualified for 10 years for foreign convictions and for entering into non-prosecution agreements with the DOJ. They also proposed new...
Financial Challenges Prevent Saving for Retirement
A new Goldman Sachs Asset Management retirement report finds myriad competing financial priorities are impeding participants from saving sufficiently for retirement.
Motion to Dismiss Filed in ERISA Lawsuit
Management and information consulting firm Booz Allen Hamilton has asked the court to dismiss the claims against it.
IRS Issues Update on Required Minimum Distribution Rule
The guidance clarifies that people who did not take RMDs in 2021 and 2022 will not be responsible for the excise tax.
Best Practices for Providers to Boost HSA Invested Assets
While health savings account assets have reached near $100 billion, account holders’ invested assets have increased slowly.
Congressman Jim Himes Addresses Investment Adviser Association Forum
Congressman discusses pending retirement legislation, political polarization, sanctions policy.
Workers Worried About Inflation Are Delaying Retirement
A Nationwide Retirement Institute report shows a spike in workers who are feeling on ‘the wrong track’ for retirement.