A new SEC registration form tailored to the products would support innovation, the Insured Retirement Institute argues.
Lisa Gomez's career is rooted in ERISA, and her keen understanding of the law would help the DOL as it seeks to implement new rules, lawyers said.
The rights to the use of the empower.com domain are at the heart of the suit, which was filed in federal court in Illinois.
Teachers are eligible for a second supplemental plan. It’s called the 457(b), and it has several key advantages over the 403(b).
Empower has distanced itself from its other competitors; the only one that matters is Fidelity, which is bigger and more profitable because of its ability to cross-sell wealth management services to participants as well as offer proprietary products.
In a hearing before the Senate Finance Committee, witnesses urged lawmakers to include changes such as mandatory coverage, student loan provisions and emergency savings in whatever legislative package materializes, such as the SECURE 2.0 bills in the House and Senate.
The 10 largest public pension funds devote about 9% of their combined equity holdings to 20 high-carbon emitting companies, according to Bloomberg Intelligence.
The pop superstar's plea to end her 13-year conservatorship raises questions around its validity and prompts experts to rethink the whole system.
Brian Collins joins from Harbor Capital Advisors, a Chicago-based investment manager for Harbor Funds and pooled investment vehicles.
Key retirement industry groups urge President Biden to put in place a coordinated federal approach to the crisis.
Variable annuity sales jump 55% to $32.8 billion in Q2, marking the highest quarterly sales in that category in nearly six years, according to the Secure Retirement Institute.
The insurance brokerage, which couldn't convince the U.S. that the combination wouldn't restrain competition, will pay a $1 billion termination fee to Willis Towers.
The existing nonrefundable saver's credit would become a $1,000-a-year matching contribution from the government.
It’s not clear how many people may be suffering from the legal restraints that were supposed to protect them.
The Spark Institute's standards build upon DOL cybersecurity guidance to provide more clear-cut practices designed to defeat retirement account fraud.
The income calculation for Medicare and Social Security includes tax-exempt interest on municipal bonds.
The 12-city tour was postponed last year because of the Covid-19 pandemic.
A Fidelity survey shows sponsors also want lower fees, more retirement expertise and a better investment lineup.
Who deserves to service and monetize the participants? The answer to that is whoever works the hardest, within the limits of the law, in a professional, conflict-free manner.
Empower is already the second-biggest U.S. plan provider by number of participants, behind Fidelity. The deal will add $314 billion in assets among 4,300 plans, boosting Empower's size to $1.4 trillion among 71,000 plans.
