The firm is reducing fees and is adding a mutual fund version of its Retirement Blend series, which has existed since 2018 in CIT form.
The bipartisan bill aims to help the 52% of employees in the state who don't have access to a retirement plan at work.
Only 36% of Americans were able to identify a 529 as an education savings tool, and only 20% of parents say they have used a 529 account or are planning to use one.
SEC bars Emil Botvinnik, a former registered rep with Windsor Street Capital, as part of final judgment that includes $1.14 million disgorgement.
Bipartisan legislation proposed by Sens. Cardin and Portman aims to help boost savings.
A class-action lawsuit alleges that the company breached its fiduciary duties in connection with a change in the investment menu. Most of the assets in the $1.4 billion plan went into Russell Investment target-date funds, according to the complaint.
The median level of debt for people over age 50 has tripled over the past 30 years, according to a recent analysis by the Government Accountability Office.
The four-adviser group is moving to the firm’s employee unit in Augusta, Georgia and will operate as the Cypress Wealth Group.
The leadership changes announced May 20 position a slate of potential successors to CEO James Gorman who are mostly white and male.
The agency says the New York institutional firm mismarked hedge fund orders.
The legislation introduced Thursday would amend the Employee Retirement Income Security Act to specifically allow plans to consider ESG factors 'when they are expected to have an impact on investment outcomes, provided plans consider them in a prudent manner consistent with their fiduciary obligations.'
More than a year of virtual events highlighted the appeal of quality content, and could change the look and feel of industry events that will now have to balance glitz, content, fees and virtual access.
Best Buy and ADP have joined Voya, UPS, Mastercard and others in working with BlackRock's Emergency Savings Initiative.
The program broadens the relationship the fund company began last year with HarbourVest to serve institutional clients.
Andy Saperstein, head of wealth management, was named co-president along with Ted Pick, head of trading, as Gorman positions a small group as his most likely successors.
Over the next three years, the positions are expected to be eliminated in Switzerland alone, with the bulk at the corporate cost center and about 200 between wealth management and the bank’s Swiss unit for personal and corporate banking.
Companies that have waded into the PEPs business as pooled plan providers see tax-exempt organizations as very attractive, having even more potential than groups eligible to operate 401(k)s.
John Farrell and Joel East are joining the UBS branch in Fort Worth, Texas.
The states advanced respective bills, with the one in New York amending its voluntary IRA law to an automatic design and the one in Illinois dramatically lowering the threshold for mandatory participation in its existing program.
It can close the savings gaps for employees and create revenue opportunities.
