Retirement Plan Advisers

Displaying 737 results

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Alight Solutions to go public by merging with SPAC

The deal with Foley Trasimene values Blackstone Group's benefits administrator at about $7.3 billion including debt. Blackstone bought the unit from Aon in 2017.

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Banks can provide an opportunity for RPAs

As several recent deals show, such as OneDigital's purchase of Truist's RPA business, banks offer retirement plan advisers a chance to grow their business.

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Dramatic changes to legislation seem unlikely despite full Democratic control

An evenly divided Senate might tweak rather than overhaul investment-advice policy, such as the treatment of rollovers, while resisting some tax increases Biden advocated during the election.

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SageView deal shows RPA M&A market is still hot

After private-equity partners lined up to invest in Captrust, which eventually selected GTCR, the firms that were left out were eager to invest. SageView became the most attractive option remaining.

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OneDigital acquires firm overseeing $1 billion in plan assets

The deal for Vertical Financial Group is the insurance giant’s second big purchase of a retirement plan adviser.

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Biden signals administration will review DOL ESG rule

Hours before President Joseph Biden was inaugurated at the U.S. Capitol, the Biden transition team released a list of more than 100 Trump regulations approved since 2017 that it intends to revisit.

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Retirement risk rose slightly in 2020, study finds

Roughly half of American households may not be able to maintain their standard of living in retirement, according to a report from the Center for Retirement Research.

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401(k) sponsors in the dark about cognitive decline

A Department of Labor advisory council compiled a wealth of testimony on the challenges that plan sponsors, advisers, record keepers and others face in identifying retirement savers’ cognitive decline and what options they have when they suspect it.

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Fidelity chops index target-date minimums, following Vanguard

The company, not wanting to be outdone by an identical move in December by its competitor Vanguard, lowered its investment minimum for defined-contribution plans from $100 million to $5 million.

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Target-date fund 2020 sales in red as CITs rose, older workers fled: Report

Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.