Retirement Industry People Moves
Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellon’s HedgeMark business; and more.
Latest News
Multiemployer Plans Overall in Good Shape
The majority of plans are at least 80% funded, and even those in critical and declining status are expected to see improvement with the Special Financial Assistance approved...
The Process for Issuing RMDs When Participants Are ‘Missing’
Failing to issue required minimum distributions can be costly, so sponsors must follow exact steps from the IRS and DOL to locate missing participants.
Products |
Investment Product and Service Launches
Retirement Plan Advisors expands solutions to include adviser managed accounts; State Street Global Advisors announces high-yield debt ETF; Morningstar and Hueler offer integrated lifetime income service; and more.
Managing Participants’ Interest in Guaranteed Lifetime Income Investments
The number of U.S. workers who are open to putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a...
Tactics to Avoid Failing Nondiscrimination Testing
Plan sponsors should consider the trade-offs involved between the costs of funding safe harbor contributions and the corrective actions that result from failing the tests.
Industry Support Voiced for LIFE Act’s Introduction in House
Financial services companies and retirement plan industry advocacy groups are rallying behind the legislation, which would allow plan sponsors to utilize default investments that include an annuity component.
Institutional Investors See Strong Returns in 2021
Public funds bested corporate funds thanks to higher equity allocations.
Default Lifetime Income Legislation Introduced in House
Legislators say the LIFE Act builds upon the SECURE Act provision that enhanced the safe harbor on which plan sponsors rely when choosing an annuity provider.
Benefits |
Lessons Learned From Public Employee Financial Wellness Programs
Employers that were part of an initiative to start or improve their programs—using a wide variety of approaches—shared challenges, surprises, rewards and advice.
Retirement Plan Menus Shift With the Times
A new survey finds the continued growth of plan assets in target-date funds may be reducing the importance of the core menu.
A Look at Pandemic-Related Life Expectancy Decreases
The American Academy of Actuaries gives clarifying insight on recent life expectancy data released by the CDC.
Overcoming Participants’ Skepticism to Provide Personal Financial Information
Franklin Templeton finds many employees are hesitant to share in-depth details on their finances, even though it can lead to more customized benefits information and strategies.
Some Claims Tossed in NFP Fiduciary Lawsuit
Claims regarding NFP’s direct responsibility for the selection and retention of the flexPATH target-date funds were dismissed while allegations about its advice regarding the funds were moved forward.
Retirement Industry People Moves
J.P. Morgan announces insurance and annuities head; Verity Asset Management names chief governance officer; River and Mercantile consulting business announces rebrand; and more.
ERISA Advisory Council Recommends Reviewing Penalties for Plan Leakage
Its report suggested ways the DOL can expand retirement plan access and provides novel recommendations to close retirement savings gaps for women and minorities.
Fiduciary Diligence Demanded as CITs Shine
A significant regulatory concern is that banks should not simply “rent their charters” to third-party registered investment advisers seeking to use the bank’s status as a fiduciary to...
DOL Seeks Public Comments on Protecting Savings From Climate Change
The agency is looking to identify actions it can take under ERISA and other relevant laws to safeguard employees’ savings and pensions from the threats of climate-related financial...
How Institutional Investors Can Rate-Proof Their Portfolios
Northern Trust Asset Management suggests that institutional investors take a look at junk bonds and natural resources stocks.
Products |
Free Public Service Loan Forgiveness Support Program Announced Through Equitable
The new eligibility tool will help individuals see an estimated forgiven loan balance, detail next steps for applying for forgiveness and provide information on how to increase further...