Great-West B-D to pay $1.5 million over retirement account failures
The Securities and Exchange Commission says the firm knew that hackers were trying to access participant accounts but didn’t report them.
Will RIA and RPA worlds converge?
Though registered investment advisory firms could benefit from hunting for new clients at the DC plans they manage, will they begin to acquire retirement plan adviser firms?
403(b) plans for teachers: “Do you care about your financial future?”
On an almost daily basis we hear from teachers who have been sold awful products and/or only have bad vendor choices available.
RETIREMENT NEWS
CalSavers upheld in US Court of Appeals case
A three-judge panel in the U.S. Court of Appeals for the Ninth Circuit affirmed a district court’s dismissal of the case. The savings system is not a plan under the Employee Retirement Income Security Act and is therefore not preempted by the law, the panel wrote in the opinion published yesterday.
Clients most satisfied at Ameriprise, Ed Jones, Merrill: Report
Consumer research firm Hearts & Wallets surveyed 5,900 people and found that most have no idea how they pay for financial services.
OneDigital acquires hometown plan consultant
Atlanta-based Clearview Advisory serves more than 100 plans with $2.3 billion in assets.
House panel unanimously passes SECURE 2.0
The bill, which advances to the House floor with a strong bipartisan push, would raise the RMD age from 72 to 75, among many other provisions.
For 401(k) savers, words matter
‘Investment risk’ doesn’t mean the same thing to everyone, and some words work better than others, according to a report from Invesco.
VIDEO
401(k) Real Talk: May 7
This week, Fred Barstein gives this thoughts on SECURE Act 2.0, new wellness tools from Ascenus and Empower and more.
401(k) Real Talk: April 30
This week, Fred Barstein reviews the sale of Ascensus, a bill to make CITs available in 403(b) plans and more.
401(k) Real Talk: April 23
This week, Fred Barstein talks about ESG investment returns, guidance for plan sponsors on annuity selection and more.
401(k) Real Talk: April 16
This week, Fred reviews coverage of whether Prudential Retirement is for sale, new guidance on the DOL’s fiduciary rule and more.
Empower’s Ed Murphy sees $8 trillion DC business as growth market
The CEO and president of Empower Retirement, which recently surpassed $1 trillion in assets, also sees IRA rollovers as a driver of new business.