Fuzzy Words in a Retirement Bill

The Retirement Enhancement and Savings Act of 2018 has bipartisan support and a greater-than-average chance of passing. Many believe that it could lead to provider-sponsored 401(k) plans. But bill doesn't exactly say that. What gives? Pictured: RESA sponsor Sen. Orrin Hatch.
Anecdotal Evidence

My Encounter with CFPs Who Like Annuities

It seems self-evident that advisors who have insurance somewhere in their DNA—who sold insurance early in their careers—will be much more receptive to selling annuities later in life.
Sustainable investing

Fidelity extends ESG lineup

Fidelity also became a signatory of the United Nations-supported Principles for Responsible Investment (PRI) and created an ESG Office in its Asset Management division.

Ascensus to buy INTAC, a third-party administrator

Ascensus, based in Dresher, PA, supports more than 60,000 retirement plans, more than four million 529 education savings accounts, and a growing number of ABLE savings accounts.


June 28, 2018

Everybody into the Pool?

If pending legislation passes, retirement service providers could begin to sponsor 401(k) plans. Asset managers are especially keen on these ‘pooled employer plans’ or ‘open MEPS.’
June 21, 2018

Adding a ‘Retirement Tier’ to 401(k)s

Drew Carrington, who markets Franklin Templeton funds through jumbo 401(k) plans, believes that plans should include a “retirement tier” reserved for participants who are nearing retirement. His payout funds would fit nicely into that...
June 14, 2018

‘Show Me the Income’

The focus was on mutual funds and ETFs at Morningstar's 30th Investor Conference this week in Chicago, but retirement financing and the 'best interest' proposal were also discussed. (Photo: Nobel Prize-winner Daniel Kahneman and...