Greg was a reporter for InvestmentNews from 2015 to 2019, covering defined-contribution plans, retirement planning, insurance, taxes and estate planning, before then moving to CNBC as a Personal Finance Reporter. He tweets at: @GregIacurci
Plaintiff alleges plan participants would have paid at least $27 million less in fees if T. Rowe had selected cheaper, non-proprietary funds.
The House on Wednesday voted in favor of two resolutions to overturn Labor Department rules issued last…
Some record keepers have the capability to rebate these fees and only charge the asset management fee, resulting in a lower net cost than some zero-revenue-share funds.
Blackstone executives have signaled their intent at breaking into the $5 trillion 401(k) market, and buying Aon Hewitt's DC record-keeping business may be the first step.
The judge affirmed that inclusion of indexed annuities in the BICE was reasonable.
Liz Ann Sonders, chief investment strategist at Charles Schwab Corp., and Jonathan Golub, chief U.S. market strategist at RBC Capital Markets, express serious concerns over President Donald J. Trump's rhetoric over a trade war.
The wirehouse would be jumping on a trend toward advisory business that analysts expect to accelerate because of the Labor Department's fiduciary rule.
House Republicans introduce bills to block Labor Department rules promoting creation of retirement plans for private-sector employees.
Resources Investment Advisors also has affiliate retirement-focused advisory firms with $6 billion in assets, but it's uncertain whether they will follow suit and depart LPL.
The new president wants to get rid of the tax, but details are sketchy, leaving estate-tax planning in limbo. (More: Estate-tax flux could boost grantor trusts)
