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.
The insurance industry recognizes that the word 'annuity' is not always received well. But that's only part of what hampers the products, according to two recent reports.
Bryan Pinsky will lead individual retirement at AIG Life & Retirement, while Tim Heslin will head the U.S. life insurance business.
The letters sent to plan sponsors have not included deadlines for recouping the funds, although the DOL is requesting confirmation that the participants are reunited with their money, according to one law firm.
The SECURE Act 2.0 builds on the success of the original SECURE Act signed into law in 2019 with several commonsense provisions to further help individuals save and invest for their retirement.
Had Juniper Networks' plan used higher-revenue-sharing share classes, net costs conceivably could have been lower, if those fees were rebated back to participants, according to the complaint.
After 13 years of control over Britney Spears' financial decisions, Jamie Spears has officially volunteered to step away as conservator.
The class action calls out the plan's fees for investments, record keeping and financial advice.
Estate planning is a lot bigger than just the financial aspects of the estate; it includes family, feelings, values and goals.
InvestmentNews Research asked financial advisers if they solicit advice from other advisers when it comes to planning their own retirement. Their answers may be surprising.
The case shows California is paying attention to annuity recommendations made through RIAs, and other state insurance departments could follow its lead. The settlement could also lead insurers and licensed third parties that work with RIAs to scrutinize recommendations more carefully, if they don't already vet them closely.
Voya has recently looked at purchasing benefits administrator Alight, according to people with knowledge of the matter, but it isn't clear whether the companies are in active talks.
About 40% of retirement plan participants say they're unsure how to make their money last, an American Century study finds.
Just over a third of companies that have high-deductible health plans automatically enroll workers covered by those plans into HSAs, the report from PSCA notes. About 15% of those enrolled in eligible plans do not participate in HSAs.
The platform, called the SS&C Advent Insurance Marketplace, allows advisers to access a range of fee-only products through Black Diamond Wealth Platform and DPL's proprietary Product Discovery tools.
Those 62 and older profit from cost-of-living adjustments even if they're not yet collecting benefits.
The model provides simplicity, with a single investment lineup, and also offers record-keeping pricing advantages.
The addition of Budros Ruhlin & Roe will give the Toronto-based aggregator a total of $74 billion in U.S. wealth management assets.
As a rookie adviser, Vidal Peoples met a doctor in need of comprehensive financial planning. He taps into the kind of professionals whose incomes can skyrocket but are also saddled with mountains of student loan debt.
The effort, WA Cares, is the first of its kind in the US and could serve as a model for other states.
