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NAPA Net Staff
By NAPA Net Staff | 9/21/2022
American Century Investments has launched what it describes as a “first-of-its-kind online tool” to help retirement plan fiduciaries implement a prudent process to evaluate and choose in-plan guaranteed income products for their clients in line with the SECURE Act.
According to the announcement,...
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By NAPA Net Staff | 9/20/2022
With one month of Consumer Price Index (CPI) data left to go, an updated forecast from Milliman shows that the 2023 IRS qualified retirement plan limits will likely set a record for a one-year increase—both in dollars and percentage.
This finding comes even as the latest government data shows...
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By NAPA Net Staff | 9/20/2022
A big fine from the SEC serves as a stark reminder of the need to not only protect, but to preserve securely customer data.
Specifically, the Securities and Exchange Commission (SEC) has announced charges against Morgan Stanley Smith Barney LLC (MSSB) for what was described as the firm’s extensive...
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By NAPA Net Staff | 9/19/2022
As planned, another state-run IRA program for private sector workers has launched—with some good news for early employer adopters.
The announcement notes that while the services are free for businesses, employers that enroll with MarylandSaves by December 1st of this year won’t have to pay the...
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By NAPA Net Staff | 9/16/2022
The Columbus, OH-based firm has partnered with NewRetirement to power its My Interactive Retirement Planner, giving retirement plan participants the ability to make more informed financial decisions and better prepare for retirement.
Most retirement savers understand the value of investing in a...
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By NAPA Net Staff | 9/16/2022
Back in March, American International Group, Inc. announced plans to rebrand SAFG Retirement Services, Inc., the parent company of its Life & Retirement business, as Corebridge Financial, Inc. when it becomes a public company—that day was Sept. 15.
In what was the biggest IPO of the year thus...
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By NAPA Net Staff | 9/15/2022
With recent volatility in the markets altering perceptions around what it means to have a secure retirement, a new survey finds that more Americans are interested in having a guaranteed stream of retirement income.
According to a new joint poll from Kiplinger and Athene, three-fourths of...
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By NAPA Net Staff | 9/14/2022
Labeling it as a first-of-its-kind, Voya Financial announced the launch of myVoyage, a new personalized financial-guidance and workplace-benefits connected digital platform, providing access to workplace benefits, savings and personal accounts in one application.
First launching via mobile app,...
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By NAPA Net Staff | 9/12/2022
Inflation worries and realities are weighing on lots of decisions of late—and a new survey suggests it will carry over into benefit decisions.
That new survey from Voya Financial, Inc. found that, specifically, due to inflation, the majority of employed individuals (70%) agree they plan to spend...
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By NAPA Net Staff | 9/12/2022
To address the unique demands of plan administrators and retirement plan advisors, Vestwell has announced two third-party administrator (TPA) product launches—Vestwell Flex and TPA Portal.
Vestwell Flex provides small businesses and retirement plan advisors with a modern recordkeeping product that...
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By NAPA Net Staff | 9/11/2022
Following the acquisition of NextCapital Group, Goldman Sachs Asset Management (GSAM) announced several leadership changes within the defined contribution (DC) and retail retirement space.
With the retirement market representing $24 trillion of assets across DC plans and IRAs, the firm believes...
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By NAPA Net Staff | 9/8/2022
Morgan Stanley at Work has unveiled its new Corporate Retirement Portal, an innovative technology solution designed to provide plan advisors with a one-stop, consolidated view of workplace retirement plans and participant data.
Integrated on Morgan Stanley Wealth Management’s Modern Wealth...
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By NAPA Net Staff | 9/7/2022
HUB International Limited (Hub) announced that it has acquired the assets of Latham, NY-based Direct Advisors, LLC, further boosting its retirement advisory practice.
According to the Sept. 7 announcement, Direct Advisors provides benefit plan consulting and third-party administrative services to...
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By NAPA Net Staff | 9/6/2022
The firms have mutually agreed to terminate their merger agreement.
Instead, UBS has agreed to purchase a USD 69.7 million note convertible into Wealthfront shares—at the same $1.4 billion valuation as the deal they announced in January. According to a press release announcing the move, UBS...
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By NAPA Net Staff | 9/6/2022
The board that oversees the Arizona state treasurer’s office investment pools has adopted language in its investment policy statement that “ensures that the Arizona State Treasurer’s Office investments are not subject to the subjective political whims of the Environmental, Social and Governance (...
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By NAPA Net Staff | 9/6/2022
The Alera Group announced that it has hired Christian Mango to serve as Executive Vice President and national practice leader of its Retirement Plan Services division.
Mango brings more than 25 years of financial industry and leadership experience to the role, according to the firm’s announcement...
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By NAPA Net Staff | 9/6/2022
A new study found that unmarried women workers and retirees have lower retirement confidence than their married counterparts and are more likely to have lower incomes and assets.
Unmarried retirees were also more likely to say that their expenses were higher than they expected and were more...
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By NAPA Net Staff | 9/1/2022
Among working-age individuals, the most common type of retirement accounts in 2020 were 401(k)-type defined contribution (DC) plans, but new Census Bureau data finds that overall rates mask substantial inequality among those who own retirement accounts.
Based on the 2021 Survey of Income and...
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By NAPA Net Staff | 8/30/2022
Retirement Plan Advisors, LLC (RPA) has partnered with Stadion Money Management and EPIC Retirement Plan Services to expand its managed account platform, PortfolioPlus.
This new advisor managed account offering combines RPA’s proprietary manager due diligence and portfolio construction process,...
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By NAPA Net Staff | 8/29/2022
While there are no details yet, the federal government’s regulatory dashboard suggests that the Department of Labor (DOL) may soon release guidance addressing the independence of employee benefit plan accountants.
The Office of Information and Regulatory Affairs (OIRA)—part of the White House’s...
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