Court Deems Principal Not a Fiduciary in Lawsuit Over GICs
The court granted the Principal defendants’ motion for summary judgment on all counts in a case questioning guaranteed investment contract arrangements.
Latest News
Retirement Industry People Moves
USI selects Retirement Services VP; Former actuarial consultant joins MassMutual as pension leader; and U.S. Credit head joins TwentyFour Asset Management.
Products |
John Hancock Offers 401(k) Plan Cybersecurity Guarantee
The offering will reimburse eligible participants for unauthorized transfers from their 401(k) retirement accounts.
Family Savings Act, Which Boosts Open MEPs, Passes House
Before the House passed the Family Savings Act, leadership added the Senate’s annuity selection safe harbor provision from RESA, potentially increasingly the appetite for compromise legislation.
Decumulation a Slow Process for Retirees
They are worried about longevity risk, the Plan Sponsor Council of America says.
Benefits |
Employers Focus on Clinical Conditions to Manage Health Benefit Costs
Employers also plan to enhance their wellbeing programs and include initiatives that reduce the impact of chronic diseases on employees, Willis Towers Watson finds.
403(b)s Show Improvement in Use of Considered Best Practices
More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
Millennials Add More to ETFs than Other Generations
A Charles Schwab self-directed brokerage account (SDBA) report found that Gen Xers and Baby Boomers allocated less to their exchange-traded funds (ETFs) than the younger age group.
Annuity Selection Safe Harbor Tacked Onto Retirement Bill
The House Ways and Means Committee Chairman submitted an amendment to the Family Savings Act.
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403(b) and 457(b) Plan Recordkeeper Enhances Platform
IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.
LGBTQ Retirement Savers Need to Invest More Conservatively
Stock market volatility and a major downturn in the stock market seem worrisome for the LGBTQ community as people approach or live in retirement. MassMutual suggests adviser conversations...
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Investment Product and Service Launches
Capital Group adopts PFaroe; Reliance Trust chooses Northern Trust to support CITs; Vanguard introduces low-cost ESG ETFs; and more.
Most Participants Welcome Retirement Savings Help From Plan Sponsors
Many participants see the match percentage as a suggestion for how much to save; the majority of participants support automatic plan features; and even participants who are hands-on...
EEOC Cracks Down on Age Discrimination With a New Lawsuit
The agency is accusing an internet-based auto parts seller of violating federal law when it refused to hire a 64-year-old job applicant.
Trade War Effects on Retirement Plans
What plan sponsors should consider as trade wars intensify.
Plan Sponsors Need the Right Motivations for Choosing ESG Investments
Political motivations and investor recommendations can result in choosing a low-performing investment for a retirement plan.
KRS Wins Lawsuit While Another Suit Over Hedge Fund Investments Is Ongoing
A court agreed that the Kentucky Retirement System board of trustees were permitted by law to choose alternative investments one city claimed produced small returns and high fees.
Analysis Finds Shift Away from U.S. Equity in Favor of Other Asset Classes
Corporate plans have significantly increased their U.S. fixed income allocation, while public plans have used the funds from U.S. equity and placed them into alternatives, Investment Metrics finds.
Health Care Management Combined With Annuities May Help With Retirement Health Costs
A report details how utilizing the savings through health management can fund staggered annuities to help pay for health care expenses in retirement.
Divisions Remain in Courts Regarding the Burden of Proof
A case set to go to the U.S. Supreme Court for a decision about who bears the burden of proof when fiduciary harm is alleged in ERISA cases...