Retirement plan provider Equitable, principal franchise of Equitable Holdings, announced changes to its leadership ranks this week, promoting industry veterans from within the company. Jim Kais was named Head of its Group Retirement business, effective April 1, 2024. Kais will report to Nick Lane... READ MORE

Recordkeeper consolidation continues, as Ascensus and Mutual of Omaha have reached a definitive agreement where the retirement plan administrator will acquire Mutual of Omaha's 401(k) recordkeeping business, according to a March 27 announcement by the firms. Through the transaction, Ascensus will... READ MORE

Nearly 4 in 10 compliance professionals from asset management, investment adviser, and private markets firms have yet to evaluate Artificial Intelligence (AI) as a cybersecurity risk, according to the findings of a new survey. What’s more, a similar amount has concerns about how the Securities and... READ MORE

As the Department of Labor works in court to defend its rule allowing the use of environmental, social and governance (ESG) factors by fiduciaries when selecting plan investments, legislation to restrict the use of ESG has been reintroduced in Congress, albeit with modifications.   Rep. Greg... READ MORE

In recognition of the urgent need to support financial wellbeing in the workforce, intellicents has partnered with AI-driven student debt and savings optimization platform Candidly to provide its clients access to Candidly’s suite of student loan and financial wellness benefits. According to the... READ MORE

If ever there were any doubts about the benefits of having a formal financial plan to help prepare for retirement, a new study by T. Rowe Price puts that to rest. According to the firm’s report, individuals with a formal financial plan were found to have two to four times more wealth when entering... READ MORE

A new report by a collaborative of industry stakeholders suggests that low-cost, plan-design solutions to nudge participants to avoid early withdrawals could make a significant dent in the racial and gender retirement savings gap. The report also observes, however, that more study is needed to... READ MORE

An early preview of Vanguard’s How America Saves 2024 finds that plan sponsors are continuing to make improvements to their plan designs.   The report reveals that 60% of plans with an automatic enrollment design defaulted their employees into the plan at a rate of 4% or higher—which is a new... READ MORE

While it may come as no surprise, a new survey finds that nearly all Americans (97%) agree that the financial professional who provides one-time recommendations or other one-time advice about retirement investments should be required to act in their client's best interest. This includes a... READ MORE