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
The insurer's variable annuities dipped 39% year-over-year in the second quarter, offering a glimpse into the power of big distributors like Fidelity.
Regulatory experts say there's a strong likelihood advisers would lose the grandfathering exemption granted under the fiduciary measure simply by switching firms.
The national advisory firm works with institutional clients such as defined-contribution and traditional pension plans.
The independent broker-dealer is paying restitution for failing to waive sales charges for some retirement plans and charitable organizations, according to Finra.
The regulation, which offers states a route to avoid liability under ERISA, took its final step toward finalization.
The laws create the possibility that clients' their long-term-care expenses may be shouldered by their children
Plaintiffs allege the asset management firm populated the retirement plan with proprietary investments for its own gain.
The case, which involved a $9 million plan, was voluntarily dismissed by plaintiffs in an unusual turn of events.
The retirement plan provider joins a list of other financial firms that have settled excessive-fee lawsuits with their own employees.
Regulator is following up on similar rules the SEC put in place for investment advisers.
