Advisor Sales Strategies

The Vestwell-Carson Group partnership will boost small and midsize retirement plans, while Fidelity's acquisition of fintech firm Shoobx will add value to its Workplace Investing Division.

The proposal would create a two-tier system – one for those who directly invest with a mutual fund, and another for those that invest through intermediaries, such as the typical retirement plan participant, say opponents.

Having access to a retirement plan is not enough. Employers can get them in the game by maximizing their match, aligning their investment options with their beliefs and connecting them to help with their debt.

Around 70% of financial advisors and plan sponsors agree, saying participants will make little to no change to their 401(k) contributions, in a new 'State of the industry" report.

In the wake of SECURE 2.0, the Department of Labor has extended the public comment period for the Voluntary Fiduciary Correction Program that allows fiduciaries to self-correct late participant contributions.

Over half (55%) of these so-called "employment extenders" are interested in a guaranteed stream of income with regular payments to ensure they do not outlive their savings, according to a new report.