Court Affirms Dismissal of Fidelity Stable Value Fund Suit
The 1st U.S. Circuit Court of Appeals found that Fidelity’s decision to obtain more secure wrap coverage for the stable value fund was reasonable.
Latest News
Institutions Hungry for Dependable ESG Investing Data
Some investors cite the concern that publicly owned companies may be “greenwashing” reported data to enhance their image from the ESG investing perspective, cited by 37% in a...
SEC Deadline for Open-End Fund Liquidity Classification is Extended
However, the deadlines for creating a liquidity risk management program and to limit illiquid investments to 15% of a fund’s portfolio remain unchanged: December 1, 2018, for larger...
Products |
FixedFee401k Promises DC Plan Market Disruption
The firm wants to pretty much completely change the basic pricing of 401(k) plans in the small- and mid-market by establishing fixed fees for advisory services and a...
LPL Financial Researchers Weigh In on Managing Interest Rate Risk
“The takeaway is critical: it pays to remain patient,” the researchers wrote.
Benefits |
More Employees Enroll in HSAs for Long-Term Savings
Nearly 45% of respondents to a ConnectYourCare survey chose to enroll in a health savings account (HSA) as a savings vehicle for future health care needs, up from...
Products |
New Participant Portal at Bank of America Merrill Lynch
The revamped website will present employees with “a more simplified and interactive experience,” the firm says, while featuring data-driven recommendations.
Products |
Voya Increases Reach to Asian-American Market
In addition to unveiling its new Chinese name, Voya has been running commercials in Mandarin on Chinese television stations in a number of select U.S. cities.
New 401k Averages Book Continues to Show Larger Plans Pay Lower Fees
The latest book was expanded to include 401(k) fee information on plans with large participant account balances.
Research Suggests Most Retirees Able to Absorb Financial Shocks
However, changes in the retirement landscape suggest that future retirees will face much more difficulty.
Segal Group Warns DB Plan Sponsors Not to Stray From Mortality Assumptions
Although the latest report from the NCHS show life expectancy at birth declined, mortality rates for the older population continue to support projections of longer life expectancy, The...
Court Dismisses Case Relating to Acquisition of Retirement Plan
One point the appellate court clearly noted is that the plaintiff did not allege that the new company failed to pay him any benefits he was owed.
Study Suggests Annuity Ownership Increases Retirement Confidence
The research also found that retirees and pre-retirees who have a formal retirement plan are three times as likely to feel they are very prepared for retirement.
Products |
Providers Seek an Edge through Fee Reductions, Share Class Simplifications
Interviews with product development leaders at Charles Schwab Investment Management and Putnam underscore the fierce competition that drives providers’ evolving approach to setting fees and crafting new services.
Tax Reform Linked to More Retirement Confidence
Nearly half of respondents to a LendEDU survey said they believe they will be able to retire sooner as a result of greater take-home pay due to tax...
Allegations Against Northrop Grumman Pared Down in Excessive Fee Suit
Complaints against individual defendants, however, were not dropped.
Retirement Industry People Moves
Voya employs executive for Large Corporate Markets; T. Rowe Price offers Financial Engines services to clients; Wells Fargo Asset Management adds to Multi-Asset Solutions team; and more.
ERISA Does Not Preempt State ‘Slayer’ Laws
Citing other courts, an appellate court agreed that “Congress could not have intended ERISA to allow one spouse to recover benefits after intentionally killing the other spouse.”
Can DB Plans Offer a Better TDF Selection and Monitoring Framework?
ERISA requires plan sponsors to regularly monitor investment lineups to ensure they remain prudent—a task made more complicated by the multi-layered construction of target-date funds; a new paper...
Case Study Warns of Effect of Move From Public DB to Public DC
The NIRS studied the case of Palm Beach, Florida, which it says offers “an important cautionary tale on the detrimental impacts of switching public employees from DB pensions...