Emile Hallez
InvestmentNews
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Past articles by Emile:
Guaranteed lifetime income seen as less valuable during the pandemic
Guaranteed lifetime income is more appealing to financial advisers than clients, despite the market volatility last year, Cannex found. → Read More
MassMutual to buy Great American Life Insurance
The agreement to buy Great American Life Insurance appears to reinforce MassMutual's focus on its retail annuities business. → Read More
Cognitive decline remains a challenge for 401(k) plan sponsors to detect
Last month, a DOL council examined the obstacles that plan sponsors and others face in identifying retirement savers’ cognitive decline. → Read More
Target date fund 2020 sales in red as CITs rose, older workers fled: report
Target date funds bled $6.7 billion in 2020, marking the first instance of negative net sales since Morningstar began tracking them in 1994. → Read More
Taxable brokerage accounts snubbed in favor of 401(k)s, bank accounts
The majority of U.S. households save most in tax-deferred retirement accounts and bank accounts, passing over taxable brokerage accounts → Read More
Managed accounts use higher among remote workers, study finds
Remote workers tend to be older and more highly compensated, both of which correlate with investing habits, like use of managed accounts. → Read More
Vestwell files as PEP provider
Fintech and digital record keeper Vestwell is among about three dozen firms that have registered with the DOL as a pooled plan provider for a PEP. → Read More
Allstate sued again over target-date series, managed accounts in its 401(k)
Allstate was sued again this week over alleged fiduciary breaches tied to the target-date series and managed acounts in its 401(k) plan → Read More
ABLE account type underutilized by financial advisers, AKF finds
ABLE accounts have saving and tax benefits for eligible people, but there is only one adviser-sold program, unlike college 529s → Read More
Truist Financial sells 401(k) business to OneDigital
Truist Financial is selling its legacy 401(k) advisory business to OneDigital, with the record keeping units going to Empower and Ascensus → Read More
Sageview Advisory Group sells majority stake to PE firm Aquiline
Sageview Advisory Group, the second-largest independent retirement plan adviser, is the latest to get a private-equity investment. → Read More
More money, more problems: What to do if your client wins the lottery
Lottery winners require a solid financial plan and a team of specialists, including those to help keep acquaintences at bay → Read More
Buy, sell or be outbid: How M&A is affecting retirement plan advisers
Ongoing consolidation has been good for some aggregator firms, but others are being left out, said attendees at the RPA Convergence Aggregator Roundtable. → Read More
Pooled employer plans have risks, according to record keepers
Pooled employer plans, or PEPs, will launch next year. They could erode margins for record keepers, but they also offer opportunities. → Read More
Partial plan termination part of new COVID relief bill
Partial plan termination won't be automatically triggered Dec. 31 for businesses that laid off 20% or more of their workers. → Read More
Why some 401(k) plans seldom change their record keeper
401(k) plans are increasingly slow to change a record keeper, either because advisers have no incentive or they are already priced low → Read More
MEPs would open to 403(b) plans under a bill introduced Friday
MEPs would be more compatible with 403(b) plans, part of a wider push by Congress to allow nonprofits into pooled retirement plans. → Read More
DOL fiduciary rule takeaways for retirement plan advisers
The new DOL fiduciary rule will likely be changed by the Biden administration, but the new definition of investment advice could last → Read More
Credit card debt gifts hurting long term savings retirement
Spending on gifts is bumping up credit card debt for one-third of people, potentially hurting their long-term and retirement savings goals, a survey found → Read More
Transamerica to halt sales of VAs with guarantees, fixed annuities
The Transamerica decision follows a similar one by Prudential Financial to stop selling variable annuities with benefits, amid extremely low interest rates → Read More