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Ted Godbout
By Ted Godbout | 7/14/2022
The Securities and Exchange Commission on July 13 voted 3-2 to rescind two Trump-era rules on proxy voting advice businesses that the Commission adopted in 2020.
The amendments approved by the SEC rescind conditions in Rule 14a-2(b)(9)(ii) to the availability of two exemptions from the proxy rules...
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By Ted Godbout | 7/14/2022
Based on the latest Consumer Price Index (CPI) data for June and the corresponding rise in inflation, the 2023 Social Security cost-of-living adjustment (COLA) could be the highest in decades.
While the final Social Security COLA won’t be known for several months, estimates from The Senior...
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By Ted Godbout | 7/13/2022
Despite waning confidence in the U.S. economy, a new survey of financial advisors revealed that their clients are remaining patient even though they have slightly more anxiety about their investments.
When asked what has surprised them most about clients in light of recent market volatility, 33%...
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By Ted Godbout | 7/12/2022
A senior Republican senator who sits on the Senate Finance Committee is taking aim at efforts that would give plan fiduciaries greater leeway in using environmental, social and governance (ESG) factors when selecting plan investments for DC plans.
Sen. Steve Daines (R-MT) on June 23 introduced...
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By Ted Godbout | 7/12/2022
As talent shortages persist throughout the country, a new survey by The Conference Board reveals that professional development opportunities are critical for retaining employees.
In fact, nearly 6 in 10 (58%) respondents say they are likely to leave their company without professional development...
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By Ted Godbout | 7/12/2022
Continuing their two-decade decline, the average expense ratio paid by fund investors fell again last year, Morningstar’s annual U.S. Fund Fee Study reports.
The study, which evaluates trends in the cost of U.S. open-end mutual funds and exchange-traded funds (ETFs), found that the asset-weighted...
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By Ted Godbout | 7/11/2022
There is growing interest among plan sponsors in offering a retirement income solution. But how does a DC plan sponsor go about choosing the right one?
To assist in evaluating suitable product options, Russell Investments has put together a Retirement Income Buyer’s Guide for DC Plans. The guide...
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By Ted Godbout | 7/11/2022
Consumers and financial professionals are worried about the impact that inflation, market trends and a possible recession will have on spending power in retirement, according to the results of a new survey.
In fact, the Protected Retirement Income and Planning Study by CANNEX and the Alliance...
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By Ted Godbout | 7/8/2022
Amid fears of rising inflation and ongoing market volatility, 401(k) participants remained busy but cautious traders in the second quarter of 2022.
According to the Alight Solutions 401(k) Index, net trading activity significantly favored fixed income during the second quarter, with 51 out of 62...
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By Ted Godbout | 7/8/2022
New research provides insights from DC plan participants who had access to and invested in ESG funds—and demonstrates that how plan sponsors offer ESG matters in more ways than one.
On the whole, the research paints a “mixed picture” of the actual interest and drivers of demand for ESG funds in...
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By Ted Godbout | 7/7/2022
Broker-dealers and advisors doing business in the Silver State will want to pay attention to newly proposed regulations defining the state’s fiduciary standard, as well as broader changes to practices and procedures.
Efforts by Nevada regulators to implement guidance defining the state’s...
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By Ted Godbout | 7/7/2022
Even before the Great Resignation, wealth management firms were struggling to manage attrition among their financial advisors and attract new talent to the profession.
According to the J.D. Power’s 2022 U.S. Financial Advisor Satisfaction Study, a combination of technological- and pandemic-driven...
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By Ted Godbout | 7/7/2022
Retirees face many financial risks, such as outliving their money, investment losses and unexpected health expenses, but a new study finds that they may be overestimating some risks while underestimating others.
In How Well Do Retirees Assess the Risks They Face in Retirement? by Wenliang Hou, a...
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By Ted Godbout | 7/6/2022
The Congressional Research Service has issued a concise synopsis of the current policy developments surrounding the inclusion of cryptocurrency in DC plans.
The CRS, which serves as nonpartisan research staff to congressional committees and members of Congress, explains that in recent months...
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By Ted Godbout | 7/5/2022
Most women report that they are doing well managing their day-to-day finances, but when it comes to saving for retirement and building wealth, a new survey suggests that they are struggling.
Findings from Bank of America’s report, Women, Money, Confidence: A Lifelong Relationship, show that...
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By Ted Godbout | 7/1/2022
A recent study of the EBRI/ICI 401(k) database analyzing trends in the average plan account balance of consistent participants underscores the powerful compounding effect of ongoing participation.
The study, which analyzed active 401(k) participants who maintained accounts with the same plan...
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By Ted Godbout | 7/1/2022
For the second year in a row, implementing the Securities and Exchange Commission’s new marketing rule for investment advisers remains the No. 1 worry for investment adviser compliance officers.
This is according to the 17th annual Investment Management Compliance Testing Survey—a joint project...
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By Ted Godbout | 6/30/2022
Employees say retirement benefits are important when deciding whether to leave an employer, but apparently many employers are missing key opportunities to tell them about their benefits.
More than 8 in 10 employees (82%) say their benefits—specifically their retirement benefits (77%)—are highly...
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By Ted Godbout | 6/30/2022
A quarterly tracking survey of experienced investors finds that education costs are having a significant impact on young investors’ ability to save for retirement, but legislative relief could be coming soon.
According to the results from E*TRADE from Morgan Stanley’s most recent wave of ...
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By Ted Godbout | 6/29/2022
The downward trend in the expense ratios that 401(k) plan participants incur for investing in mutual funds continued in 2021, according to a new report from the Investment Company Institute.
For equity mutual funds, the average expense ratios incurred by 401(k) investors declined from 0.39% in...
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