A survey of defined-contribution plan participants by Schroders found that 40% didn't know whether their employer's plan offered environmental, social and governance investment options.
But 69% of the members of that group, along with those who said their DC plan did not offer ESG investment options, said they would or might increase their overall contribution rate if offered ESG options. Only 31% said they would not.
The survey found that among participants who were aware of their ESG options, 9 out of 10 said they invest in them.
“Offering plan participants ESG investment options — and providing greater plan communications about them — would not only appeal to purpose-minded investors, but also could help to motivate some participants to save more toward their retirement,” said Deb Boyden, the head of Schroders' US defined contribution group.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
