Legislation that would significantly broaden the ability of individuals to use health savings accounts (HSAs) has been introduced in the House of Representatives.   Rep. Andy Biggs (R-AZ) on Jan. 9 introduced the Freedom for Families Act (H.R. 107), which would increase the annual contribution... READ MORE

In further consolidation of the wealth management space, Cetera Financial Group has entered into a definitive agreement to acquire the retail wealth business of the Securian Financial Group. Under the agreement, Cetera will acquire certain assets—including Securian Financial's broker-dealer,... READ MORE

Today we are pleased to announce the opening of applications for NAPA’s Top DC Advisor Teams (with AUA $100 Million) and Top DC Advisor Multi-Office Firms! Since their inception, NAPA’s various industry lists have been a valuable Who’s Who of who matters in the world of retirement plans and... READ MORE

BlackRock and Human Interest have announced that they are joining forces to expand access to retirement plans to small and medium-sized businesses (SMBs) across the United States. According to the firms’ announcement, BlackRock is making a minority investment and leading a financing round to... READ MORE

With an eye towards increasing its strategic focus on priority markets, Securian Financial announced several leadership promotions and a new hire, including the promotion of Sid Gandhi to executive vice president of Employee Benefits Solutions.   Gandhi succeeds Bruce Shay, who recently retired... READ MORE

Carol Waddell is taking on broader responsibilities as president of a newly created organization within Empower that will deliver consumer wealth management services for individual investors, according to an announcement by the firm.   In this new role, which became effective Jan. 1, 2023, Waddell... READ MORE

Virginia-based The Ascent Group and affiliated companies were acquired by Alera Group, adding approximately $1.5 billion within Alera Group Wealth Services’ registered investment advisor (RIA) business and $1.3 billion within Alera Group Retirement Plan Services. For Alera Group Wealth Services,... READ MORE

Below is a table providing descriptions and effective dates for the key provisions contained in the SECURE 2.0 Act of 2022, which was enacted Dec. 29, 2022, as part of the Consolidated Appropriations Act, 2023 (P.L. 117-328). Dec. 29, 2022, will now serve as the date of enactment (DOE), where... READ MORE

The Standard Insurance Company has announced a new stable value investment product—The APEX Series—that offers four fund options and competitive guaranteed rates through June 2023. The APEX Series expands on the firm’s existing stable value portfolio by offering returns that reflect the rising... READ MORE