Tag: Compensation

MassMutual Agrees to Settle Revenue Sharing Lawsuit

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the company breached its fiduciary duties when it received certain revenue sharing payments.

Adviser Mentoring a Key to Future Growth

Investment firms that actively mentor younger advisers are likely to gain a competitive advantage over the next decade, according to the J.D. Power “2014 U.S. Financial Advisor Satisfaction Study.”

ING to Settle Revenue-Sharing Suit

Without admitting any wrongdoing, ING Life Insurance and Annuity Co. has agreed to settle a lawsuit claiming it violated prohibited transaction rules of the Employee Retirement Income Security Act (ERISA) by taking revenue-sharing payments.

Adviser Compensation at 7-Year High

The seventh release of the “Adviser Insights” study from Fidelity Investments suggests financial advisers are enjoying the highest levels of compensation and assets under management since 2007.

DOL Proposes Service Provider Fee Guides

The U.S. Department of Labor is seeking public comments about a proposed revision to fee disclosure rules that would simplify the way fee data is presented to some plan sponsors and participants.