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BY John Iekel 5/2/2024
The climate is warming. No, not that one—the climate for annuities. Interest in them among retirement investors is rising, according to recent reports.
This actually is not a new trend, says LIMRA. They report that interest in annuities stood at 33% of those whom they surveyed in 2018 but “jumped...
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BY NAPA Net Staff 5/1/2024
If you’re a professional within the ERISA 403(b) marketplace, you won’t want to miss the 2024 NAPA/NTSA ERISA 403(b) Advisor Conference, September 19-20 in Chicago, IL.
It’s the only industry event designed for professionals just like you.
Gain insight from thought leaders, build a network of...
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BY Ted Godbout 5/1/2024
A contentious congressional hearing that was billed as “examining the policies and priorities of the Department of Labor” ended with a member of Congress calling for the resignation of Acting Labor Secretary Julie Su.
Appearing May 1 for a hearing before the House Education and the Workforce...
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BY Nevin E. Adams, JD 5/1/2024
Another suit regarding a series of pension risk transfers has been filed, alleging a fiduciary breach in not obtaining the “safest annuity available.”
The latest—filed on behalf of plaintiffs Martha Brennan Camire, Craig Jefferson, David Lyn Shepherd, and Daniel Schipper (individually and as...
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BY Jenny Kiffmeyer, JD 5/1/2024
ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock...
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BY Nevin E. Adams, JD 4/30/2024
A new report provides some interesting insights on 401(k) participants and their behaviors—and reminds of the challenges in tracking trendlines.
The report—aptly titled “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2022”—provides a snapshot on the how, and how much 401(k)s...
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BY Ted Godbout 4/30/2024
Fiducient Advisors, an affiliate of NFP, an Aon company, announced that Mike Goss will take over as President of the firm, following the forthcoming retirement of Mark Wetzel.
Wetzel has served as the company’s Managing Partner and President since 2006 and is retiring effective May 3. Goss will...
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BY John Sullivan 4/30/2024
Target date funds (TDF) start off strong only to vary more in investment performance and risk as they approach the specified retirement date, according to the Government Accountability Office (GAO), which asked the Department of Labor (DOL) to do something about it.
The GAO called on the DOL to...
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BY Nevin E. Adams, JD 4/30/2024
Are you confident about your retirement finances? Apparently, and despite responses that undermine a rational level of confidence, many are.
Last week, the Employee Benefit Research Institute (EBRI) and Greenwald Research unveiled their 34th annual Retirement Confidence Survey (RCS). Now, I’ve...
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BY Ted Godbout 4/30/2024
One week after the release of the final retirement security rule, senior officials with the Department of Labor’s Employee Benefits Security Administration (EBSA) defended the rollout of the fiduciary while taking a deeper dive to explain some of the key changes.
The DOL on April 23 released the...
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