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DOL asks for 401(k) comments
The U.S. Department of Labor is seeking comments about fee disclosure for 401(k) plans and other defined contribution plans.
Some cheeseheads love HSAs
Health savings accounts are more than four times more popular with employers in a swath of Wisconsin than in the United States as a whole
FPA hopes to leverage court ruling
The Financial Planning Association is hoping that the U.S. Court of Appeals ruling overturning the broker-dealer exemption rule will jump-start the trade group’s initiative to reach out to large financial services firms.
To go with new digs, a new leader for CFP Board
NEW YORK — The Certified Financial Planner Board of Standards Inc. has found itself a new leader and is heading in a new direction — East.
401(k) changes seen ‘significant’
WASHINGTON — New default options that the Department of Labor will likely approve for 401(k) investments will have a “significant” impact on the way mutual fund assets are invested, independent fund directors were told at a conference here April 12.
T. Rowe gets into 401(k) annuities
The mutual fund giant said that it has started offering 401(k) plans an online platform that participants can use to purchase annuities.
Insurers look at including lifetime annuities in 401(k)s
Including annuities in 401(k) plans could represent a prime opportunity for advisers — if a new model for compensation can be devised and if advisers are allowed on-site to explain their product to employees, according to industry experts.
Some VA-related costs in 401(k)s are exorbitant, according to critics
Many Americans are paying high fees in their 401(k) plans for insurance they don’t need, and their employers often are unaware, some observers say.
Cox: Proxies aren’t in ‘plain English’ despite new rules
LOS ANGELES — Securities and Exchange Commission Chairman Christopher Cox is on a mission to wipe out the legalese in corporate-disclosure documents.
Decumulation is key, says professor
The financial planning world has been focusing too heavily on the act of accumulating assets, according to an academic speaking at the InvestmentNews Retirement Summit in New York this afternoon.
CFP Board proposal could meet resistance
Initial reactions to the proposed changes to the ethical standards for certified financial planners have been favorable, but the other shoe could drop this week.
IBM advice offering to 401(k) participants signals trend
NEW YORK — IBM Corp.’s announcement that it will offer financial planning services to all 127,000 of its U.S. employees is the biggest sign yet that companies are increasingly interested in providing workers with more individual — and effective — counseling on financial topics.
Financial planning shows explosive international growth
The growth of the financial planning profession overseas is in the fast lane, though there are some speed bumps, observers say.
401(k) ideas dissected at congressional hearing
WASHINGTON — The ideas of limiting 401(k) plan options to index funds and requiring all plan administrators to be brought under fiduciary duties were in focus last week at a congressional hearing on 401(k) fees.
Some consider 401(k) fees too low
With a House panel scheduled to hold a hearing Tuesday to discuss whether the hidden fees in 401(k) plans are fair, at least one industry watcher is calling such fees too low and another says making general judgments about them is difficult.
More investors are doing good in retirement
CHICAGO — Socially conscious and faith-based investing is gaining traction in the retirement plan arena.
Labor Dept. targets 401(k) fee disclosure
As the Department of Labor puts pressure on advisers to make 401(k) fees more transparent, some financial advisers are refunding fees to participants that they are being paid from mutual fund companies.
KPMG suffers adverse legal ruling
KPMG LLP endured another blow in its tax shelter case this week, when a federal judge in Texas ruled that tax shelters based on fake bank loans are not legitimate tax write-offs, according to the New York Times.
Up-and-coming execs
Three executives of National Planning Corp., Sean Haley, Bryan Jacobsen and Austin Moon, have received promotions.
Fast Track: GoldK, out to tap adviser vein, hires a veteran from Putnam
For those financial advisers who haven’t yet realized it, there is gold in the 401(k) marketplace. At least…
