In the next two weeks, members of Congress are expected to decide on the fate of legislation that would have severe implications for every firm that advised 401(k) plan participants, or planned to.
The Senate Special Committee on Aging is considering proposing legislation that would require all managers of qualified default investment alternatives in defined-contribution plans to act as fiduciaries under ERISA — a move that would place much more stringent requirements on all managers of target date funds, target risk funds and balanced funds.
The Labor Department is planning to expand its definition of fiduciary under ERISA — a move that would have implications for all financial advisers that work on retirement plans.
BrightScope Inc., a provider of 401(k) plan ratings, today introduced a new online tool that provides investors with personalized data about how much they are paying in fees in their retirement plans.
The market may have rallied over the past several weeks, but Bill Gross is sticking to his opinion that investors will never again see the returns and profits of a few years ago.
Caterpillar Inc.'s announcement that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
Investors shouldn't expect returns and profits ever to get back to the levels of a few years ago, Bill Gross, managing director and co-chief investment officer at Pacific Investment Management Co. LLC, told attendees of InvestmentNews' Virtual ETF Insights online conference this morning.
Lord Abbett & Co. is offering discounts to clients who open an individual retirement account by April 15.
