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SEC Approves Controversial Shareholder Proposal
Negative reactions immediately piled in from concerned stakeholders and consumer advocates who say the proxy voting rule amendments will stifle shareholder engagement.
PANC 2020: Virtual One-on-Ones, How Workplace Retirement Advice Is Changing
Advisers discussed their strategies for reaching retirement plan participants, the technology they use and the pros and cons of the new virtual environment.
Intel Now Faces Consolidated Suit Over Alternatives in TDFs
Now that the U.S. Supreme Court has ruled on the meaning of 'actual knowledge,' Christopher Sulyma has joined a lawsuit filed against Intel last year.
PANC 2020: Is It Time to Re-evaluate TDFs?
There are a variety of TDF solutions to meet participants needs, so when should a custom solution be considered, and how do advisers evaluate TDFs in an unprecedented...
SEC Risk Alert Identifies ‘Credential Stuffing’ Hacking Technique
‘Credential stuffing’ is a method of cyberattack to client accounts that uses compromised client login credentials, resulting in the possible loss of customer assets and unauthorized disclosure of...
PANC 2020: Washington Update
Retirement plan advisers were given ideas to consider and actions to take in response to new legislation, regulation and litigation.
PANC 2020: Conflict Ahead
Reg BI, a new fiduciary rule proposal from the DOL and state-enacted fiduciary rules—what advisers should keep in mind.
Important Details About SECURE Act Birth and Adoption Distributions
Under the SECURE Act, more flexibility has been granted to participants who want to draw on retirement savings to help offset the cost of childbirth or adoption—though care...
Proxy Voting Rule a Clear Sign of DOL’s Stance
Along with the rule about ESG investing in retirement plans, attorneys say, the DOL is making it clear it doesn't want plan fiduciaries spending time on things it...
Decade of Debate Continues at DOL Fiduciary Rule Hearing
If the fiduciary rule saga has made one thing clear, it is that creating consensus about conflict of interest regulations is hard work. Even supporters of the new...
Federal Reserve Head Reviews Why Inflation Matters
A recent speech given by Jerome Powell included some important reflections on history and a few basic lessons about the critical—and often misunderstood—role of inflation in the U.S....
FOMC Action Cements New Normal for Rates, Inflation Outlook
The economy is always evolving, says Federal Reserve Chair Jerome Powell, and so the nation’s monetary and fiscal strategies for achieving its goals must evolve as well.
Investment Product and Service Launches
Vanguard makes changes to money market fund lineup, and S&P Dow Jones Indices announces changes to the DJIA.
Court Agrees Colgate-Palmolive Miscalculated Cash Balance Benefit Payments
A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief to allow time for an appeal.
Contemplating a Reversal of Regulation Best Interest
The past two presidential administrations have taken starkly different views on the topic of conflicts of interest in the financial services industry, so it is only natural to...
More Employees are Taking Coronavirus-Related Distributions
The move comes even as an American Consumer Credit Counseling (ACCC) report finds more workers are increasingly confident in their employment stability.
New Entrants, Disruptors Could Shake Up the Financial Planning Industry
Fewer advisers expect traditional financial professionals to encroach on their territory, Natixis finds.
Compliance News
Legislative and Judicial Actions
IRS updates its operational compliance list, DOL releases new proposed fiduciary rule, and more.
Cover Story
Investing Against COVID-19
The varying routes three fund managers take to fight the pandemic for investors.
Servicing Strategies
Retirement Savings Optimization
HSAs can be a game-changer for retirees—advisers need to tell their clients.