Could Bill Ackman's 'Birthright' Plan Make Every Retiree a Millionaire?
By Ginger SzalaThe hedge fund manager proposed funding retirement by giving every American money at birth. Not so fast, retirement experts say.
December 10, 2020
Supreme Court Sides With States in Drug Benefits RulingThe justices held that Arkansas can set payment rules that affect ERISA plans' pharmacy benefits managers.
December 10, 2020
State Street Ending No-Layoff Pledge in 2021Its pledge not to cut jobs because of the pandemic "will go away" next year, says CEO Ron O'Hanley.
December 10, 2020
Fitch: Ultralow Interest Rates Will Outlast PandemicThat's a negative for financial institutions, the ratings agency says.
December 10, 2020
IRS Q&A Helps Small Businesses Comply With Secure ActAdvisors should remind their retirement plan clients who are affected, Ed Slott says.
December 10, 2020
SEC to Vote on Long-Awaited Ad Rule Changes Next WeekIAA is pleased that the SEC will be able to adopt modernized rules before year-end, CEO Karen Barr said.
December 10, 2020
SEC's Custody, Ad Rule Updates Nearing the Finish LineThe custody rule is confusing, and the outmoded ad rule hampers advisors' ability to use social media.
December 10, 2020
Envestnet Introduces New Retirement Plan Solutions for Advisors: Tech RoundupAlso, Advyzon adds a prospect portal and mobile app to its digital tool chest.