The Client: ERISA plans/institutional management
July 31, 2020
Critics Slam DOL Proposal to Scrutinize ESG Choices in Retirement Plans
The Insured Retirement Institute is among several groups and companies calling on the DOL to withdraw the proposal.
July 24, 2020
DOL’s New Proposal ‘Respects’ Erisa, May Get Traction: Lawyers
The agency’s proposed exemption on third-party payments serves the same function as the best interest contract exemption in the vacated Obama-era fiduciary rule, the lawyers say.
July 7, 2020
Mercer Advisors Acquires $660M RIA in Idaho
Sun Valley-based ClearRock Capital is Mercer Advisors' second acquisition announced this week.
July 7, 2020
Aon Faces Suit Over High-Priced Proprietary CITs
The suit comes from former U.S employees of pharmaceutical company Astellas, where Aon acted as a fiduciary to the plan and then became its discretionary investment manager.
July 2, 2020
Retirement Plan Participants Likely to Change Providers
Only a quarter of retirement plan participants say they have tapped professional financial advice to discuss their plan.
June 30, 2020
Empower to Acquire Personal Capital for Up to $1B
The deal is aimed at expanding Empower’s retail advice business.
June 26, 2020
CalPERS Extends $1.7B Retirement Plan Contract with Voya
The company helped set up the CalPERS Supplemental Income 457 Plan — which now has over 32,000 participants — more than two decades ago.
June 24, 2020
Fidelity Set to Settle Suit Alleging Excessive 401(k) Fees
Both parties in the suit have asked the court to remove from its calendar an upcoming trial that was to be held over Zoom.
June 18, 2020
Cetera Rolls Out Workplace Financial Wellness Program for Its FAs
Cetera’s network of financial professionals will be able to offer the program as part of their retirement plan services or for education purposes alone.
June 12, 2020
Market Movements Impact Advice on Early 401(k) Withdrawals
Some advisors see an opportunity, while others caution it's merely a last resort.