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
Life insurance and annuity carriers are focused on growing distribution through brokers. Direct-to-consumer sales, though, reign king.
Market Synergy's lawsuit, one of several targeting the Labor Department regulation, is set for Aug. 24 in a Kansas district court.
Clients also have heightened concerns about securing the personal data of their employees.
The life insurer is the latest record-keeping firm trying to build platform scale through acquisition.
Call volumes rose in the first few hours of trading Friday as investors tried to make sense of what Brexit means for their retirement accounts.
The larger trend toward passive investing, as well as cost-consciousness on the part of plan sponsors and general industry push to lower expense ratios, are at play.
The former House Financial Services committee chair criticized the ruling and said it could ultimately lead other institutions to try to overturn their SIFI status.
Almost 30% of small-business plans don't offer any sort of employer contribution.
The firm's chief economic adviser blames low economic growth on a excessive dependence on monetary policy mixed together with "strange politics."
Studies show publicly available retirement calculators shouldn't be taken at face value.
