Trade Group Files Lawsuit Against DOL
The American Securities Association says the Department of Labor is attempting to change existing retirement rules around advice without a public comment period
SEC Sets Sights on Cybersecurity for RIAs
The agency is proposing new rules and amendments to combat cyber risk in the financial services sector
Pensions are more than 100% funded, best since 2008
The corporate pension funded ratio reached 101.4%, which Milliman says is the highest in 13 years, despite market volatility
Plan Sponsors Rattled by Market Volatility, Seek Stability
A new study from MetLife says there is major concern about the impact of market volatility on retirees and plan sponsors want ‘volatility smoothing solutions’
Workers Reevaluate What They Want From Employers
New report from Franklin Templeton reveals that traditional retirement indicators remain less important, while living comfortably and independently are top financial concerns
Partnership Launches Hedge Fund Benchmarks for DC Plans
DCALTA’s and PivotalPath’s new indices aim to better assess market net-of-fee performance, volatility, and risk management
Plaintiffs Score Win in Excessive Fee Case Vs. Northwestern
The U.S. Supreme Court vacated the lower court ruling in Hughes v. Northwestern University, an excessive fee case that claimed a breach of fiduciary duty
TIAA Launches Lifetime Income Product
For the first time, the financial services company is offering its guaranteed lifetime income solution to the corporate retirement market through the TIAA Secure Income Account
U.S. Workers Want Earlier Retirement and Stable Income
Rising costs of retirement have workers’ focused on income sources and contemplating best time to retire
Retirement Plan Enrollment Improves, but Support is Lacking
Retirement plan enrollment may be ticking upwards, but overall, guidance for participants throughout the process is in need of attention