Financial Panel Busts Myths That May Be Limiting Diversity in the Field
Wealth managers champion the industry for underrepresented groups that may be hesitant in considering the profession.
Latest News
Benefits |
Delphi Pension Restoration Bill is Reintroduced
Bipartisan measure would restore pensions to more than 20,000 retirees and provide back pay for benefits that were cut.
Biden Uses Address to Pledge Support for Social Security, Medicare
The president acknowledged pocketbook issues causing Americans financial stress and proposed legislation to address several in wide-ranging speech.
NHL Players’ Union Will Reportedly Hire DOL Secretary Marty Walsh
Walsh is expected to leave the DOL to lead the NHLPA.
Nonprofit Nemours Foundation Faces 403(b) Lawsuit
Florida-based nonprofit operator of children’s hospital is alleged to have charged excessive fees to retirement plan participants.
Retirement Account Balances Dipped 20% in 2022, Trading Lowest in 20 Years
Despite economic challenges, plan participants were resilient saving for retirement, Vanguard Group data shows.
Partisan Divide Continues to Sharpen on ESG Investing
EBSA head Lisa Gomez spoke in defense of a DOL rule that would permit ESG in retirement plans as Republicans push back against ESG in Congress and the...
Public Pension Return Assumptions Fall in 2022, NCPERS Says
Overall funded status rose 3 percentage points to 77.8% on private equity, real estate returns.
Retirement Industry People Moves
SPARK Institute elects new governing board led by T. Rowe Price’s Collins; BPAS promotes Jason Disco to lead defined benefit sales and service; Marshberry adds Rob Madore as...
Public Service Workers Face Retirement, Financial Security Concerns
State and local government employers can bolster the retirement and overall financial security of workers with expanded access to emergency savings benefits.
Products |
Investment Product and Service Launches
Morningstar debuts personalized investment planning tool; eMoney Advisor has tax-planning solution incorporating SECURE 2.0 changes; Morgan Stanley Investment Management launches ESG-driven ETF fund platform; and more.
ERISA Case Against Dish Network Likely to be Dismissed
A federal magistrate judge found that the plaintiffs did not adequately state a claim of excessive fees.
New OCIO Head for U.S. Bancorp’s Institutional Business
The bank-owned asset manager promoted a new head for the practice to expand its market share.
Inflation, US Workers’ Recession Fears Force Delayed Retirement
A Franklin Templeton Investments study found that although the U.S. economy has not contracted yet, workers feel elevated financial stress and anxiety.
Today’s Employees Expect Retirement Plan Benefit in ‘New Savings Paradigm’
A new Vestwell research report details emerging retirement trends for employers and workers.
Plans Use Digital Nudges to Move Plan Participants Toward Retirement Goals
Duke University's Dan Ariely finds that loss aversion can be used to help participants reframe savings.
Personalized Communications Key to Companies’ Attempts to Educate on Participants on Wider Range of Benefits
Plan sponsors are tailoring strategies to help employees get what they need from financial wellness offerings.
Employers Find Persistence, Relevance Help Them Connect With Workers
Plan sponsors must message to more workers, on additional channels, in greater detail than ever before when trying to share benefit information.
SEC Issues Risk Alert on Broker/Dealer Conflicts of Interest
The SEC is sending a stern reminder to broker/dealers to better follow new Regulation Best Interest standard, intended to mitigate conflicts of interest when recommending securities.
1 New York, 2 Michigan Pension Plans Receive PBGC Assistance
The three supplemental SFA packages provide a total of more than $200 million.