Technology
Mobile apps increasingly have become the first resource that investors consult to review their investments, make transactions and conduct research, positioning digital as a critical component of the wealth management client experience, a new study suggests.
According to J.D. Power’s 2022 U.S....
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The SPARK Institute recently updated its Industry Best Practices for Cybersecurity and released a new Plan Sponsor & Advisor Guide to Cybersecurity to accompany it.
As part of its efforts to help strengthen cybersecurity throughout the retirement industry, the organization’s Data Security...
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You may have missed it, but there’s been a bit of a “hub-bub” brewing on social media…about the impact of, and perhaps even the utility of, social media, writes Nevin E. Adams in MarketBeat. He offers some thoughts — and some tips.
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A recordkeeper that has sued the Labor Department based on its comments regarding cryptocurrency in defined contribution plans has told a federal judge it’s fine with dismissing its suit—if the court will hold the agency to its previous statements.
Basically, the ForUsAll plaintiffs—a 401(k)...
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Cybersecurity may feel like an unending purgatory of whack-a-mole. But an expert panel has offered some tips that can help lead one closer to the promised land of greater security.
“Cyber Cyphers: Tips, Tricks and Practice Shifts that Can Keep Your (Plan) Data Safe,” a session at an Oct. 25...
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Cyber criminals are creative and resourceful — and they’re not just after bank accounts. Industry experts in a recent webinar cautioned that retirement plans are in their sights as well.
“Retirement plans are being attacked in the ways that banks have been,” warned John Rosenburg, Information...
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Claiming that “granting Defendants’ Motion would invite a brave new world of agency lawlessness,” the ForUsAll plaintiffs that have sued the Labor Department based on the impact of the latter’s position on cryptocurrency investments in retirement plans, have moved to dismiss their motion to dismiss...
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Having been sued for issuing its Compliance Assistance Release on cryptocurrency by cryptocurrency recordkeeping platform provider ForUsAll, the Department of Labor (DOL) is pushing back.
In fairness, ForUsAll describes itself a little differently — as a “modern” 401(k) provider that also offers...
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The pilot of the Colorado SecureSavings, the Centennial State’s state-sponsored retirement savings program for those whose employers do not offer a retirement plan, will launch in October.
The pilot will not be broadly open; the Colorado Secure Savings Board is set to work with a select group of...
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A federal appellate court says that the Labor Department is allowed to pursue its inquiry into the cybersecurity practices at a large recordkeeper.
Judge Michael B. Brennan (joined in the opinion by Judges Frank H. Easterbrook and Ilana D. Rovner) of the U.S. Court of Appeals for the Seventh...
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The prospect of 401(k) plans adding cryptocurrency to their plan menu is like waiting for “fruit to ripen,” according to a plaintiff’s lawyer who spoke as part of a July 26 “Lessons from Litigation” panel at the 2022 NAPA D.C. Fly-In Forum.
Attorney Mark Bokyo (at right in photo), a Partner with...
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The Department of Treasury is requesting comments regarding potential opportunities and risks presented by the development and adoption of digital assets.
The July 8 request comes following the March 28 Executive Order, “Ensuring Responsible Development of Digital Assets,” directing the Treasury—...
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After a year in which many consumers had to rely heavily on digital tools for their financial needs, writes Ted Godbout in MarketBeat, a survey finds that self-reported “financial experts” use digital tools more often than others.
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Tech Talk discusses whether church plans can have automatic enrollment and automatic contributions.
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While more investors are interested in cryptocurrencies and the appropriateness of investing crypto in retirement plans is hotly debated, a white paper suggests they are a poor choice for long-term investors, writes Ted Godbout in MarketBeat. He adds that in the paper, PGIM contends that the latest...
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A key House Republican has released a discussion draft of financial data privacy legislation that could impact how retirement plan providers and administrators collect and share consumers’ personal information.
Rep. Patrick McHenry (R-NC), who serves as the top Republican on the House Financial...
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In MarketBeat, Nevin E. Adams, JD, in the interests of spurring some discussion (and perhaps a few thousand “clicks”), offers some thoughts on cryptocurrency and its (current) place within retirement plans.
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A consulting firm’s data breach has triggered a second class action lawsuit by an affected participant on behalf of a class of some 2,500,000 individuals.
The suit, brought by plaintiff Greg Torrano, claims that 2,537,261 individuals signed up for benefits plans through their employers—only to...
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A survey found that after a year in which many consumers had to rely heavily on digital tools for their financial needs, self-reported “financial experts” use digital tools more often than others. Not only that, writes Ted Godbout in MarketBeat, a significant proportion of Americans say that access...
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Cyber criminals are as innovative as those who develop and refine the technology they manipulate—and now their targets include the retirement industry. John Iekel writes in MarketBeat about experts in a recent panel, and also in a report, who weighed in on the tricks those criminals use and...
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