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Practice Management | Diversity
Strength in Diversity
The business case for building a heterogeneous workforce.
Compliance News
Legislative and Judicial Actions
The DOL gives advisers a ‘grace month’ to comply with impartial conduct standards; the IRS ups the contribution limit by $1,000 for many DC plans next year; new...
Financial Wellness Trends Shine a Light on Employee Needs
Areas of focus have shifted during the pandemic and will define trends for the new year.
Groups Suggest DOL Take Certain Language Out of Proposed ESG Rule
While expressing support for the rule, they say removing specific references to ESG factors will help fiduciaries understand they are not required to consider them in their investment...
Retirement Plan Participant Claims Harm From Transamerica Data Breach
In a lawsuit, he alleges the retirement plan service provider did not take steps to protect the personal information of participants in plans it serves.
Senators and Investment Group Push Back on DOL ESG Proposal
They say the latest proposed regulations ‘dismantle important actions’ taken by the previous administration and politicize retirement savings.
Will the Supreme Court Give Plan Sponsors Any Relief From Excessive Fee Lawsuits?
They haven’t gotten any solutions so far from lower courts, but a high court ruling could affect the number of lawsuits and types of pleadings going forward.
Exelon Faced With ERISA Excessive Fee Suit
The lawsuit claims Exelon used proprietary funds with excessive fees and allowed participants to pay excessive fees for recordkeeping and managed account services.
Pandemic Has Increased Financial Wellness and Retirement Readiness Disparities
Two-thirds of Black and Hispanic respondents to a Society of Actuaries survey said if they are changing or considering changing their plans for retirement, they will retire later.
More Than One-Quarter of Employees Say Equity Compensation Will Help Them Meet Long-Term Goals
As employers feel increasingly responsible for helping participants with financial wellness, equity compensation is being viewed differently.
QPA Launches PEP Featuring Adviser Managed Accounts
The pooled plan solution is being launched in partnership with Newport Group.
2021 Required Amendments List Includes Changes for Multiemployer Plans
The only changes in requirements that would necessitate a plan amendment relate to the multiemployer plan financial assistance program, and there were no changes that may require an...
Differentiating ‘Diversity’ and ‘Inclusion’ Helps Address Both
One research report defines ‘inclusion’ as the degree to which employees are embraced and enabled to make meaningful contributions.
Three Economic Reasons to Give Thanks
With the year winding down, LPL Financial’s chief market strategist reflects on what investors have been grateful for over the past 11 months, from the strong U.S. consumer...
Learning From the CFP Board’s Latest Sanctions
While not a regulator, the Certified Financial Planner Board of Standards still keeps a close eye on its members’ conduct, and it has recently ordered sanctions against nearly...
The Fiduciary Insurance Market Crunch Matters for Everyone
In a Q&A with PLANADVISER, expert benefits attorney Erin Turley points to a critical emerging challenge for the retirement plan services industry and its clients: a significant tightening...
Nonmedical Benefits Shine as ‘Great Quit’ Intensifies
Younger employees who have recently left their jobs say they are seeking employers that genuinely care about their well-being, as demonstrated by the benefits and wages they deliver...
Transamerica and Fidelity Partnerships Show Focus on Collective Plans
Transamerica is collaborating with FuturePlan by Ascensus on a new group plan solution, while Fidelity and Paylocity are partnering to enhance the Fidelity Advantage 401(k) pooled employer plan.
Practice Progress: Development of PEPs in 2021
The creation and operation of collective retirement plans has historically been a complicated affair, and while the SECURE Act has simplified key aspects of the process, some significant...
ESG’s Growing Influence on Proxy Voting
Due to regulatory changes and market demand, proxy voting is about to be more influenced by environmental, social and governance approaches. For plan advisers, this change could open...