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82% of Americans say Covid affected their retirement plans
RETIREMENT PLANNING MAR 24, 2021
82% of Americans say Covid affected their retirement plans

A Fidelity study underscores the importance of financial planning, but reveals that the term means different things to people of different ages.

By Mary Beth Franklin
Slimmed down 2020 comp for LPL, Ameriprise CEOs
BROKER DEALERS MAR 23, 2021
Slimmed down 2020 comp for LPL, Ameriprise CEOs

In the face of an unprecedented pandemic, Dan Arnold and James Cracchiolo saw their total pay fall last year.

By Bruce Kelly
The 401(k) industry likes emergency savings accounts. Are sponsors ready?
RETIREMENT PLANNING MAR 23, 2021
The 401(k) industry likes emergency savings accounts. Are sponsors ready?

Eight of nine big defined-contribution record keepers either already offer emergency savings programs or are planning to, according to a Commonwealth report. Two — Prudential and Voya — provide those services as an in-plan option.

By Emile Hallez
Hartford rejects Chubb's $23 billion takeover proposal
RETIREMENT PLANNING MAR 23, 2021
Hartford rejects Chubb's $23 billion takeover proposal

The response puts pressure on Chubb CEO Evan Greenberg to sweeten the offer as he seeks to beef up Chubb with Hartford's small-business coverage, fund manager and employee benefits unit.

By Bloomberg
Your clients may be prepared for retirement, but are you?
OPINION MAR 23, 2021
Your clients may be prepared for retirement, but are you?

As an adviser, you've spent countless hours advising clients on how to prepare for retirement from a psychological perspective. Now it's time to think about that topic yourself.

By Robert Goff
ICMA-RC is changing name to MissionSquare
RETIREMENT PLANNING MAR 23, 2021
ICMA-RC is changing name to MissionSquare

The Washington firm manages retirement plans for public workers.

By InvestmentNews
Senate confirms Marty Walsh to head Labor Department
REGULATION AND LEGISLATION MAR 23, 2021
Senate confirms Marty Walsh to head Labor Department

The Boston mayor, a former union leader, had the backing of the AFL-CIO.

By InvestmentNews
SEC claims phony rep sold $8.5 million of unregistered securities
REGULATION AND LEGISLATION MAR 23, 2021
SEC claims phony rep sold $8.5 million of unregistered securities

John W. Fisher, charged with fraud for his sales of Global 1 securities, faces civil penalties and disgorgement.

By InvestmentNews
Biden determined to tax rich after windfalls from Covid
REGULATION AND LEGISLATION MAR 22, 2021
Biden determined to tax rich after windfalls from Covid

There’s rising confidence at the White House that evidence of widening inequality will translate into broad popular support for a tax-the-wealthy strategy.

By Bloomberg
SEC webpage tracks agency's ESG activity
ESG MAR 22, 2021
SEC webpage tracks agency's ESG activity

The site is part of the agencywide response to what the SEC says is soaring demand from investors for information about climate and ESG issues.

By Mark Schoeff Jr.
New option for Social Security training
RETIREMENT PLANNING MAR 22, 2021
New option for Social Security training

The National Association of Registered Social Security Analysts' program qualifies for CFP and CPA continuing education credits.

By Mary Beth Franklin
Wife to missing Atlanta adviser: 'Turn yourself in'
RIAS MAR 22, 2021
Wife to missing Atlanta adviser: 'Turn yourself in'

Chris Burns is facing mail fraud charges from an alleged scheme that defrauded dozens of clients of more than $10 million. "It’s time," Meredith Burns said in a TV interview. "He needs to be brought in for these crimes."

By Bruce Kelly
Investment firms team with AFL-CIO to offer DC funds
RETIREMENT PLANNING MAR 22, 2021
Investment firms team with AFL-CIO to offer DC funds

Wilmington Trust, BNY Mellon and PGIM Fixed Income all play a role in the target-date CITs the union is rolling out for its members' defined-contribution plans.

By InvestmentNews
Focus Financial launches multifamily office in London
INDUSTRY NEWS MAR 22, 2021
Focus Financial launches multifamily office in London

The office, Beryllus Capital, is a joint venture with Indian conglomerate Hinduja Group.

By InvestmentNews
$200 million Wells Fargo rep switches to LPL
BROKER DEALERS MAR 22, 2021
$200 million Wells Fargo rep switches to LPL

Tim Vanderloo is joining Silverleaf Wealth Management, an LPL affiliate in Omaha, Nebraska.

By InvestmentNews
INmail: How to switch from spousal to retirement benefits online
RETIREMENT PLANNING MAR 22, 2021
INmail: How to switch from spousal to retirement benefits online

One of the silver linings of the pandemic is the Social Security Administration has made it easier to conduct business online and over the phone.

By Mary Beth Franklin
Time to assess how Covid has affected retirement
RETIREMENT PLANNING MAR 22, 2021
Time to assess how Covid has affected retirement

As the country begins to reopen for business, advisers may want to take stock of a year that altered the retirement plans of millions of Americans.

By InvestmentNews
Hester Peirce pushes for personal liberty as an SEC voice of dissent
REGULATION AND LEGISLATION MAR 22, 2021
Hester Peirce pushes for personal liberty as an SEC voice of dissent

During her first three years on the commission, Peirce was part of a Republican majority. With the likely confirmation of Gary Gensler as SEC chair, Democrats will have the edge.

By Mark Schoeff Jr.
Chubb explores acquiring $22 billion rival Hartford
RETIREMENT PLANNING MAR 19, 2021
Chubb explores acquiring $22 billion rival Hartford

Hartford has long been considered a potential takeover candidate for the biggest insurers in the U.S., and Chubb could reap considerable cost savings from a deal.

By Bloomberg
SEC's emphasis on ESG creates friction between members
ESG MAR 19, 2021
SEC's emphasis on ESG creates friction between members

Republican Hester Peirce says ESG disclosure mandates undermine materiality and harm investors. Democrat Caroline Crenshaw says 'consistent, comparable' ESG disclosure helps investors.

By Mark Schoeff Jr.