Displaying 157 results
FIS to take over record-keeping tech, operations for T. Rowe Price
About 800 T. Rowe employees will be offered jobs with FIS; the transition is effective Aug. 1.
ESG options in 401(k)s could boost contributions, Schroders finds
Ninety percent of plan participants who are aware of ESG choices said they invest in them.
Legislators ask GAO to review target-date funds
The heads of the Senate and House committees overseeing labor want to know whether TDFs are working as advertised.
House panel unanimously passes SECURE 2.0
The bill, which advances to the House floor with a strong bipartisan push, would raise the RMD age from 72 to 75, among many other provisions.
New York City Council mandates auto-IRAs for small companies
The portable city-run plan would not require employer contributions.
Lowe’s settles 401(k) suit, another university targeted
A plan participant sued the company on behalf of the class in 2018, alleging that Lowe’s and the plan’s investment consultant, Aon Hewitt Investment Consulting, violated their fiduciary duties in connection with a fund on the plan menu.
Senate bill would allow 401(k) match for student loan payments
The proposal would enable Americans to build retirement savings while repaying their student debt even if they can't afford to make their own contributions to a 401(k) plan.
Structured note platform adds annuities
Halo Investing will offer fixed, variable and registered index-linked annuities from several carriers.
Empower launches finances website for participants
Investors will see a more complete financial picture, not just retirement balances, the company says.
Pershing expands fee-based annuity offerings for RIAs
The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
Prudential weighs sale of its retirement arm
Unloading the business could bring in more than $2 billion, as CEO Charles Lowrey executes a three-year strategy to transform the business.
Luma partners with Cannex to offer annuity data tool
Luma aims to get a broader set of advisers to engage with annuities with access to the Cannex database and annuity-focused tools.
Diminished capacity creates new investment risk
White paper says financial services firms must adapt to the threat or pay the price.
How yoga can help improve retirement plans
People benefit from being flexible, and the defined-contribution industry can too, as it attempts to provide benefits in a way that takes into account the individual needs of employees.
PlanMember Financial and Newport Group launch PEP
Newport will serve as the pooled employer plan provider and PlanMember will supply 3(38) fiduciary investment services.
Hub acquires Plan Sponsor Consultants
The acquisition gives Hub another $2.4 billion in assets under management.
Reform needed to improve teachers’ retirement plans
The problem is largely a result of the multivendor systems common in teachers’ supplemental retirement plans. Brokers descend on unsophisticated teachers at work and sometimes at home, mostly offering high-priced annuities.
Fidelity dismissed from lawsuit over 401(k) participant data
Personal information used to cross-sell other services is not a plan asset, a court found. Two new 401(k) lawsuits were also filed against Icon Clinical Research and Wesco Distribution.
For RPAs thinking about selling, there may be no time like the present
Over the past several years, the pace of dealmaking has accelerated, and valuations for desirable RPAs have climbed to earnings multiples that not long ago would have stunned buyers and sellers. That makes the present a very good time to consider becoming part of a larger firm.
SageView buys retirement plan practice of Oregon firm
Arnerich Massena is shedding retirement assets to focus on private wealth management, endowments and foundations.
