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John Hancock ERISA Challenge Moves Ahead Digitally
It now appears the self-dealing lawsuit will proceed to discovery, as a judge has digitally denied John Hancock’s motion to dismiss.
Employees More Focused on Financial Planning Related to Life Events
Employees surveyed said their ideas and feeling about money varied greatly throughout each life stage, and 40% identified more with others who are going through similar life events...
Advisers as Advocates for Systemic Change
Jamie Kalamarides is president of Prudential Group Insurance. He recently jumped on the phone with PLANADVISER for a frank and engaging Q&A focused on the results of his...
SEC Proxy Voting Rules Are Quickly Criticized After Finalization
Advocacy organizations representing the fiduciary advisory industry are smarting after the Securities and Exchange Commission finalized restrictive new proxy voting rules.
IRS Updates Operational Compliance List With 2020 Items
The list, updated with provisions of the SECURE Act, identifies matters that may involve either mandatory or discretionary plan amendments depending on the particular plan.
15th Anniversary of RPAY: Mike Goss and Fiduciary Investment Advisors
The firm has grown tremendously since it was recognized as the Retirement Plan Adviser Team of the Year in 2009, and it recently underwent a significant merger.
COVID-19: Changing Portfolio Management Forever
In a preview of our upcoming print edition, three large target-date fund managers weigh in on the current market—and what comes next.
California Man Accused of Fleecing Boeing Retirement Plan
Situations like this emphasize the clear and present need for retirement plans to implement effective cybersecurity policies.
Prepare to Meet the Needs of the Workforce of the Future
The way in which companies structure their remotely distributed workforces will depend on the financial consequences of the pandemic, the impact on corporate culture and other factors, such...
Judge Refuses to Dismiss Goldman Sachs Self-Dealing Suit
A federal judge said a participant in the firm's 401(k) plan sufficiently plead imprudence and disloyalty.
DOL Aims to Quickly Simplify Conflict of Interest Framework
The main theme of the new fiduciary rule proposal is alignment with other regulators—the SEC and FINRA in particular—but the agency is by no means surrendering its jurisdiction...
403(b) Plan’s Use of Actively Managed TDFs Challenged in Lawsuit
The lawsuit also accuses plan fiduciaries of failing to monitor total plan costs.
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
A similar lawsuit was filed in May against an investment manager and a different plan sponsor.
Fidelity to Pay $28.5 Million to Settle Self-Dealing Suit
The settlement agreement also calls for the monitoring of plan recordkeeping fees and the plan’s investment options.
Be Prepared for a Potentially Wild Third Quarter
After falling precipitously in the first quarter, the S&P 500 Index added 20% during the second, making for the best quarter since 1998 and the best second quarter...
Despite DOL’s Proposed Tightening, ESG Can Still Shine
It is not all doom and gloom for plan sponsors and participants who want these investments. Here’s what advisers should know about the new rules proposed by the...
With Another Rule Proposal, DOL’s Fiduciary Saga Continues
The Department of Labor has taken yet another step forward in what has been more than a decadelong effort to update the fiduciary duty applying to investment professionals...
DOL’s New Proposed Fiduciary Rule Aligns With Reg BI, NAIC Suitability
Multiple national-level conflict of interest rules are now aligned that will require financial professionals to act in the best interest of consumers.
Court Quashes Lawsuit Challenging SEC’s Reg BI
The 2nd U.S. Circuit Court of Appeals found the regulation, which goes into effect tomorrow, is authorized by Dodd-Frank and is not arbitrary and capricious.
Financial Consequences of COVID-19 Differ Across Generations
Tailored financial advice is now more vital than ever for participants at all stages of the retirement savings journey, experts say.