Search results for: the blank effect
SEC, CFTC Propose New Private Fund Industry Reporting Changes
Regulators cite the increased complexity of the private fund industry and rapid growth for need to amend confidential filing rules.
IRS Private Letter Ruling Addresses DB-to-DC Asset Transfer
While it applies only to the immediate case, the IRS’ approval of a transfer of excess assets from a terminating pension plan to three ongoing defined contribution plans...
L Brands Settles ERISA Suit After Dismissal Motions Fail
The plaintiffs in the case alleged various plan fiduciaries breached their duties under ERISA by allowing the payment of excessive fees for recordkeeping and investments.
Milliman Partners With Turquoise Health for Health Care Data Transparency
The partnership seeks to automate health care price data to reduce administrative and contracting burdens for individuals, employers and health care providers.
GOP Attorneys General Question BlackRock on Fiduciary, Antitrust Concerns
Nineteen Republican state attorneys general signed a letter to BlackRock seeking ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
Could ‘Buy Now, Pay Later’ Trend Weaken Savers’ Financial Wellness?
Some ‘buy now, pay later’ services promise no interest or fees and no impact on a consumer’s credit score—but that is only if the user lives up to...
Pandemic’s Wake Draws Emergency Savings Accounts Into Focus
The pandemic and its impact on the global workforce have underscored the importance of—and increased demand for—a backup plan for unexpected expenses.
Emergency Savings Preparedness and Perceptions
According to EBRI, workers with household incomes of $75,000 or more are more than twice as likely to say they feel they can handle an emergency expense than...
Rocky Equity Markets, Moving Rates Help Annuities Shine
New LIMRA data shows continued equity market declines and rising interest rates drove investors to purchase record levels of fixed-rate deferred annuities in the second quarter.
6th Circuit Ruling Revives Parts of TriHealth ERISA Lawsuit
The district court ruling in the case granted full dismissal of the excessive fee lawsuit, but the 6th Circuit has now reversed parts of the ruling and remanded...
IRS Rules on Mergers Involving DB Plans That Have Received SFA
If a plan that received special financial assistance merges with an ongoing plan, the ongoing plan is not considered to be in critical status.
Retirement Income Evolution
Experts agree that few defined contribution retirement plan participants can successfully manage their retirement spending on their own, meaning it is crucial for advisers and providers to help...
ERISA Complaint Alleges $751K Retirement Account Thievery
The entire retirement account balance of a Colgate-Palmolive retirement plan participant who lives in South Africa was distributed to a bank account in Las Vegas.
Calls on Congress to Fully Fund Reg BI Implementation
An open letter to two U.S. Senators emphasizes that the SEC must receive sufficient fiscal support to effectively oversee the industry’s ongoing implementation of Regulation Best Interest and...
The Effects of Consistent 401(k) Participation
According to EBRI, the average account balance increased at a compound annual average growth rate of 15.6% from 2010 to 2019 for those that consistently participated in their...
Rush of SEC Regulatory Activity Includes E-Filing Rules
The SEC’s leadership says it is important, in today’s digital age, for filers to have easy online methods to submit information to the market regulator.
An SEC Update: Marketing Rule Implementation and Reg BI Enforcement
One expert attorney says the SEC’s recent charges against a brokerage firm demonstrate the potency of Regulation Best Interest’s ‘compliance obligation,’ and he warns that registered advisers must...
Pension Plans Among ESG’s Biggest Proponents
Major pension funds see sustainable investing as a fundamental element of investing rather than a potential drag on performance, according to a new Morningstar survey.
A Capitol Hill Update With SSGA’s Melissa Kahn
The leader of State Street Global Advisors’ public policy work says there is significant momentum building in Congress behind another ambitious package of retirement reforms.
An Update on the SEC’s Private Fund Rule
While the proposed private fund transparency rules don’t address the work of financial advisers as directly as some other outstanding proposals, they have the potential to shake up...