JP Morgan Launches TDF With Guaranteed Income Annuity
Aug 15, 2024 · Equitable and Prudential are expected insurers for the product, which will be supported by multiple insurers and use “familiar target-date funds and then transition to a personalized retirement income strategy,” according to the announcement.
Unpacking New Use of 529s to Invest in Roth IRAs - PLANADVISER
Aug 23, 2024 · Prior to the enactment of this rule, options for dealing with unused 529 account funds were limited. Individuals could either change the beneficiary to an eligible family member, withdraw up to $10,000 to pay down qualified student loans for the beneficiary or a sibling, or withdraw the funds for nonqualified use, which would subject them to taxes and a 10% penalty.
Prudential, RGA Assume Verizon Pension Obligations of $5.9B
Mar 8, 2024 · Verizon Communications Inc. has transferred $5.9 billion in employee pension obligations through the purchase of single-premium group annuity contracts from Prudential Insurance Co. of America and RGA Reinsurance Co., according to a filing on March 6, when the plan sponsor closed the purchase of the contracts. The group annuities will provide benefits to 56,000 retirees who began receiving ...
The Newport Group and Verisight Become One | PLANADVISER
Oct 15, 2014 · The Newport Group and Verisight, two providers of retirement and executive benefit plans and investment consulting services, merged in 2014. The combined entity serves $100 billion of corporate client assets and operates under both brands.
Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into …
Aug 7, 2024 · Retirement plan participants have filed a class action lawsuit against TIAA and Morningstar for allegedly breaching their fiduciary duty by using a jointly created retirement planning tool to steer participants into TIAA investment products.
SEC Suggests Retirement Assets Should Not Count Toward …
Dec 15, 2023 · The Securities and Exchange Commission on Friday released a report on its accredited investor definition, noting concerns that expertise was not being emphasized enough in the definition and that retirement assets should be excluded from the wealth threshold.. An accredited investor is someone eligible to invest in private offerings on their own behalf.
2022 PLANADVISER Top Retirement Plan Advisers
Find out the top individual advisers for retirement plan services based on quantitative measures such as AUA and plans under advisement. PLANADVISER magazine reveals the revamped list of more than 150 advisers who stand out for their service of all types of retirement plan clients.
A Compliant Process for Plan-to-IRA Rollovers - PLANADVISER
Aug 14, 2024 · Question: I am a registered investment adviser who provides advisory services to individuals. I understand that the new, expansive Department of Labor fiduciary rule that would have gone into effect on September 23 is now stayed.If I recommend that an individual roll over plan monies to an individual retirement account that I manage, what process do I need to undertake to be compliant with the ...
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An opportunity to connect and network with peers across retirement, wealth and insurance: Industry expert and peer insights about building a team culture, improving client service and relationships, marketing and practice management, fulfilling compliance requirements and increasing product and resource knowledge
Pensionmark is Now World Investment Advisors - PLANADVISER
Jul 10, 2024 · Pensionmark Financial Group, a retirement plan and financial advisory firm and division of World Insurance Associates LLC, announced Wednesday that it has rebranded to World Investment Advisors LLC.. The name enhances alignment with the parent company and better represents the firm’s holistic financial services platform for independent financial advisers, according to a statement from the ...