The plaintiff allegedly lost $24,000 when the fund was removed from the plan and his assets were transferred to a target-date fund.
The nation's biggest life insurer will now pay a minimum wage of $20 an hour, up from $15, as it joins other firms boosting pay amid labor shortages.
Single-stock concentration can increase a portfolio’s risk while squashing the benefits of diversification. Following a methodical diversification approach can decrease concentration risk over time.
The asset manager known mostly for its money market funds has high hopes for its late move into fast-growing exchange traded funds. The firm first filed plans to launch the fund 10 years ago.
The enforcement action centered on a decision in April 2019 to replace third-party ETFs in approximately 20,000 automated accounts with funds sponsored by the firm’s parent company, Social Finance Inc.
Higher contribution rates and market returns pushed up retirement savings considerably, a report from Fidelity found.
J.P. Morgan Asset Management, EBRI say retirees' spending rises when Social Security and required minimum distributions begin.
The online brokerage said that a significant portion of its second-quarter revenue was fueled by virtual currencies, primarily Dogecoin, and predicted it would see lower revenue during the third quarter.
Remember to always keep serving your clients. Just because they signed on the dotted line doesn’t mean they’ll always stick around.
The acquisition of NN Investment Partners boosts the bank's European ties and gives it a toehold in the sustainable investing industry; about three-quarters of NN's investments are backed by ESG criteria.
In recent days, the lender began informing customers who have been using their personal credit lines that the financing channels will remain available.
Few have figured out how to serve the participants who cannot afford traditional advice. Managed accounts are just a start.
Coverage is now harder to get, and it costs more, largely due to the higher volume of attacks that resulted in higher loss ratios for insurers.
While Morgan Stanley had backed away from recruiting advisers from direct competitors in recent years, the company has recently returned to the market for top-flight advisers.
The company's investments will focus on women- and minority-owned PE firms.
Fusion Analytics and head Michael Conte misled investors, agency charges.
Higher benefits resulting from a cost-of-living adjustment could be offset by bigger Medicare premiums and larger tax bills.
Embedded finance has become popular, and profitable, as companies combine savings, lending, insurance, investing and planning services into nontraditional apps, like Walmart Inc. and Uber Technologies Inc.
Morgan Stanley just informed its staff that they will soon have to provide proof of having been vaccinated against Covid to enter its buildings.
The development in the 403(b) plan case is considered a victory for the law firm Schlichter Bogard & Denton, which several years ago led a legal crusade against universities and other plan sponsors.
