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Kentucky, Maine, Colorado and Nevada will have to update their escheatment laws or take the risk of unjustly taking over some residents’ IRAs. 

Recordkeeper PAi will run a PEP backed by Morningstar’s ESG overlay, with the firms citing the recent DOL ruling that allows for ESG consideration in retirement plans.

First Trust launches alternative investment ETF; Nassau launches annuity with bonus of up to 10%; Voyant offers retirement plan training for financial advisers; and more.

In Q4 2022 the number of tax-preferred education savings and prepaid accounts rose to more than 16 million.

Microsoft has been spared one of a string of lawsuits against plan sponsors over putting retirement savers in a BlackRock target-date fund suit.

The research also shows that LGBTQ workers in higher income levels feel they have diminished access to workplace benefits. 

Wealth managers champion the industry for underrepresented groups that may be hesitant in considering the profession.

Bipartisan measure would restore pensions to more than 20,000 retirees and provide back pay for benefits that were cut. 

The president acknowledged pocketbook issues causing Americans financial stress and proposed legislation to address several in wide-ranging speech.

Walsh is expected to leave the DOL to lead the NHLPA.

Florida-based nonprofit operator of children’s hospital is alleged to have charged excessive fees to retirement plan participants.

Despite economic challenges, plan participants were resilient saving for retirement, Vanguard Group data shows.  

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...

Overall funded status rose 3 percentage points to 77.8% on private equity, real estate returns.

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...

State and local government employers can bolster the retirement and overall financial security of workers with expanded access to emergency savings benefits.  

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.

A federal magistrate judge found that the plaintiffs did not adequately state a claim of excessive fees.

The bank-owned asset manager promoted a new head for the practice to expand its market share.

A Franklin Templeton Investments study found that although the U.S. economy has not contracted yet, workers feel elevated financial stress and anxiety.