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PenChecks Streamlines Retirement Distribution Processing
The firm says its new platform is meant to make it easier to handle retirement plan distributions.
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Retirement Industry People Moves
Newport purchases PAi; Hub acquires Leading Edge businesses; and more.
Boeing Defeats Stock Drop Suit Tied to 737 MAX Crashes
Plaintiffs in stock drop lawsuits have had very limited success establishing standing under a precedent set by the landmark Supreme Court decision Fifth-Third v. Dudenhoeffer.
With Savings on the Decline, Health Care Workers Less Optimistic About Retirement
A third are planning changes to their retirement date, with the majority planning to delay it.
Pension Fund Climate Change Lawsuit Settles
A case in Australia could have implications for duties of retirement plan fiduciaries around the world.
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Investment Product and Service Launches
Northern Trust updates investor portal for alt asset managers, SSGA introduces corporate bond ESG ETF, and Mercer launches climate transition analytics solution.
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Voya Introduces Digital Personalized Budgeting Tool
The company says it hopes to enable people to create a monthly budget for spending and saving, including emergency funds.
DOL Announces Final Rule on PEP Registration
The rule is in line with DOL’s proposed rulemaking that it announced in August and streamlines the electronic process by using the same system as the Form 5500.
Teaching Employees About Taxes in Retirement
Understanding how taxation works can help with making the right savings decision and establishing the right distribution strategy.
Amway Faces Excessive Fee Lawsuit
Among other allegations, the complaint says defendants continued to offer certain funds in the plan despite the availability of alternative, lower-cost ones.
Defined Benefit Plan Sponsors Should Reassess Their Investments
Willis Towers Watson offers 10 suggestions for DB plans for 2021.
Vanguard Tests Approach to Decumulation: The ‘Dynamic Spending Rule’
Simply put, the strategy prescribes lowering spending following market declines to help preserve the balance of a portfolio, which, ostensibly, stands to benefit from market rebounds, Vanguard says.
Increasing Participant Trust in Retirement Plans and Sponsors
Plan sponsors should tout the ways they are helping participants with their plan designs and good governance processes.
IRS Updates Mortality Tables for Calculation of RMDs
The agency says the purpose of the updates is to allow retirees to retain more savings in their accounts in case they live longer.
Continued Volatility Signals Poor Year for DB Plan Funded Status
Higher contributions can be expected in the future and asset allocation makes a difference, according to firms that track defined benefit plan funded status.
Solutions for Missing Participants and Uncashed Checks
Until guidance is issued about transferring amounts to state unclaimed property funds, plan sponsors will have to rely on the limited guidance already given.
Asset Managers Share Initial Expectations for the Biden Presidency
One expected outcome at this very early juncture is that environmental, social and governance investing will see major advancements, sources say.
PEPs Carry Evolving Fiduciary Risks of Their Own
The legal complexities that emerge when a single employer operates a retirement plan for its own staff are already immense; the same will certainly be true when it...
401(k) Investors Take Their Preference for Fixed Income to New Level
In October, all of their net trades went into fixed income, according to the Alight Solutions 401(k) Index.
ESOP Participants Claim They Were Conned Into Selling Shares at Discount
A proposed class has been certified in the lawsuit against Maine Oxy-Acetylene Supply Co., its owner and a person who reportedly financed the purchase of the company.