The DOL could issue guidance “to ensure that plan participants and beneficiaries with access to a brokerage window are adequately informed and protected under ERISA."
The 529 market can be more difficult to break into than the 401(k) world, which has an abundance of small plans that can be eager to hire fintech providers. States hiring 529 managers aren't likely to consider firms that don’t have track records.
Starting in 2022, the Thrift Savings Plan will offer a new mutual fund window that will include ESG funds.
There will be vast differences, but the fundamentals of the business will be the same, as will the importance of strong relationships and brands.
A lobbying group for PE firms is rolling out ads targeting 25 members of Congress to try to protect the carried interest tax break.
71% of American adults worry that the program will run out of money during their lifetime and 19% say the pandemic has affected their plans to file for Social Security benefits, according to a Nationwide survey.
Virginia, Maine and Alabama recently adopted rules tracking the model ‘best interest’ measure approved in 2020 by the National Association of Insurance Commissioners.
So far, about 100 advisers, including those from 11 of the 15 biggest aggregator firms, have used the service, which recently began including quotes for pooled employer plans.
The insurer will also pursue sales of blocks of those assets that are already in force. It said that it will continue selling variable annuities.
Technical provisions in the administration's tax proposals could disrupt dynasty trusts and intentionally defective grantor trusts, two ways that super wealthy people have legally avoided taxes for decades.
The controversy over the pop star's right to control her wealth and health has sparked the #FreeBritney movement, created by her fanbase to raise awareness of the fight to release Spears from a 13-year conservatorship.
It’s unclear how much business PEPs have attracted in the first seven months they’ve been in existence, but some plan providers are banking on more demand on the 403(b) side, which could become eligible for the plan structure if Congress passes legislation.
Many of these newer entrants are pure-play record keepers without an investment management arm. They employ lean, digitally focused operating models and distribute their services directlly to plan sponsors.
The fee-based products will be part of Halo's digital platform, which also offers structured notes, market-linked CDs and buffered ETFs.
While the pandemic undermined Americans' confidence in nursing homes and home care is preferred, its cost could exceed that of a nursing home.
Participants had accused the plan's fiduciaries of using poorly performing investment options.
Small businesses are being told to sign up for coverage. Fintech firms and established 401(k) providers see an opportunity to showcase their services as an alternative to state-run programs before what is essentially a brand-new market.
The board overseeing the Thrift Savings Plan, which has 6 million active and retired participants, says that it subscribes to a strict indexing discipline.
The ability to invest in cryptos ranked dead last among features that participants want to see in their retirement plans, Morningstar survey finds.
Last year, account holders moved an estimated $623 billion from their 401(k)s to IRAs, up from $565 billion in 2019, a 10% increase, according to a report Tuesday from Limra’s Secure Retirement Institute.
