Latest News

Goldman names Wilson to new role heading retirement for asset and wealth management; Voya promotes Toms to CEO of investment management.

The Department of Labor has filed complaints against two separate plan sponsors, alleging identical fiduciary breaches.

The uncertainty atop the Department of Labor is especially relevant amid the financial industry’s response to the controversial retirement security proposal.

The firm established the new team to amplify its voice in public policy discussions about retirement, as well as advise on the development of new products and services.

A letter, signed by representatives from both sides of the political aisle, argues the proposed DOL rule changes are unnecessary and harmful to middle-to-low-income savers.

Pension-eligible employees will still accrue benefits under the pension plans until the 2028 freeze date.

WTW veteran Eisenreich replaces the retiring Michael Archer.

2 new Nationwide leaders will focus on product solutions; Kane assumes role as president of Financial Planning Association; Edelman Financial Engines appoints Hanley as chief marketing officer; and...

The DOL and IRS have both issued updates for the three composite plan types.

Asset managers at Vanguard, BlackRock and T. Rowe Price express varying views on how equities and bonds should be allocated within target-date funds in the current market environment. 

The PBGC is accepting nominations until February 16 for a member to represent the general public.

PGIM launches 2 buffer ETF series; Federated Hermes launches total return bond ETF; and SoFi offers 2% match on IRA contributions.

Several schedules have been updated to reflect regulatory changes from both the DOL and IRS.

The growing pool of workers 65 and older is affecting how plan sponsors should look at workplaces and benefits in the future.

Morningstar argued that the DOL proposal would lower fees for smaller plans, while ACLI argued it would reduce access to annuity products for lower income savers.

Delaying the collection of Social Security and using a bridging strategy to fill in the income gap is an effective way to optimize participants’ retirement income, according to...

The IRS says that the balance and accrual rate for a participant cannot be reduced when adopting a new variable rate.

While many employees reported receiving pay raises in the last year, the majority say their salary is not keeping up with inflation, according to a new Allianz Life...

Health care system 403(b) participant fees alleged to be too high in fiduciary breach case.   

Standard benchmarking may not yet cover such offerings, but plan sponsors can monitor participant satisfaction, plans’ stated objectives.