- News
- Financial Literacy
- February 7, 2022
High school classes ineffective in boosting retirement savings: Study
Research from the TIAA Institute says high school lessons in budgeting and credit pack more punch.
Bessemer Trust sued over 401(k) plan
The lawsuit argues the company’s use of its own Old Westbury line of mutual funds in the plan benefited Bessemer at the expense of plan participants.
- News
- Health Care
- February 2, 2022
Caribou lands $3 million to manage health care costs for clients
The health care planning fintech is aiming to make complex health insurance decisions easier by collecting data about clients’ plans, usage and medications to find the best possible strategies.
- News
- Mergers & Acquisitions
- February 2, 2022
Hub acquires assets of West Coast RIA
Kornerstone, based in Chico, California, manages $560 million.
- On Retirement
- Covid-19
- February 1, 2022
Social Security faces a customer service backlog
Expect delays as the Social Security Administration’s field offices reopen to the public after closing in March 2020 amid the pandemic.
- On Planning
- 401(k)
- January 31, 2022
Quitting work is great, but don’t forget about saving
The Great Resignation continues to produce record quit rates, which makes it a good time to think about 401(k)s and other job benefits.
Georgia court refuses to dismiss 401(k) suit, citing SCOTUS Northwestern decision
The case filed against the Columbus Regional Health System cited breaches similar to those alleged in the Northwestern case, such as offering retail share classes of mutual funds instead of lower-cost institutional shares.
- News
- Cryptocurrency
- January 28, 2022
Firm spices up Bitcoin IRA option with in-app game
Choice is adding a Price-Is-Right-style game that rewards account holders with small amounts of Bitcoin that are added to their retirement savings.
- News
- Retirement
- January 28, 2022
Franklin Templeton picks Ascensus for its managed account offering
Fund firm will use tools to increase personalization of its retirement accounts.
- On Retirement
- Medicare
- January 27, 2022
Reassessing the 2022 Medicare premium hike
Advocates are urging the feds to lower the record hike in the Part B monthly premium for 2022 now that the price of a new Alzheimer’s drug has been halved and its use is under review.
More DC plan lawsuits and settlements, from several litigators
Law firms Miller Shah and Capozzi Adler have been busy filing cases against retirement plan sponsors, and that’s been paying off for them.
- News
- Behavioral Finance
- January 26, 2022
Sudden market volatility has advisers preaching calm to newer investors
As the next generation of investors comes on board, advisers are repeating the age-old mantra about not panicking in response to market swings.
Legislation could cut retirement savings gap by 25% or more: EBRI
The analysis found that a federal auto-IRA, improved Saver’s Credit and other proposed changes would have a substantial impact on retirement preparedness.
What inflation could mean for annuities
Many people are likely wondering how heightened inflation will affect their retirement goals, including the role of insurance products they already own or are considering.
SCOTUS vacates Northwestern rulings
In a decision that’s almost certainly unwelcome news for retirement plan sponsors, the Supreme Court said lower courts paid too much attention to whether the university’s inclusion of some low-cost options in its plans is sufficient to show fiduciaries abided by their duties.
- News
- Mergers & Acquisitions
- January 24, 2022
Wealthspire kicks off rebranding efforts in wealth management build-out
Lenox Wealth Advisors became Wealthspire over the weekend, with Private Capital Group and Private Ocean the next firms under NFP’s umbrella to see name changes.
TriNet switches 401(k) plan to Empower
The move will allow TriNet to provide more website capabilities and additional call center hours to plan participants.
To rethink our retirement ‘system,’ go Down Under
While American policymakers tend to ignore the approaches of other nations, looking at the Australian experience might make sense.
TIAA offers annuity to corporate retirement plans
The deferred fixed annuity is designed to be used as an allocation within managed accounts or custom target-date model portfolios in 401(k)s.
NFP taps two as co-presidents in Northeast
Kate Henry and Mike Walsh will lead the region for the insurance broker.
