Nuveen closes $13 billion Schroders deal, creating a $2.6 trillion manager
The TIAA-owned firm will keep Schroders as a separate unit for 12 to 18 months and reorganize a combined $400 billion private-markets book by asset class.
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Treasury draft rules would auto-open 63.36 million child accounts
A Goldman survey finds 14% of workers cut retirement savings, while ERIC asks Treasury to make BNY the clearinghouse for employer contributions.
TIAA study ties AI and GLP-1 longevity to retirement funding worries
The survey of 1,000 people finds more than 80% concerned about the cost of longer lives, and 43% doubting traditional planning will stretch that far.
Ascensus announces advisor referral platform; Edward Jones plans 2027 AI plan tool
Ascensus cited Cerulli research that 63% of active 401(k) participants operate without access to a financial advisor; Edward Jones says its tool will span prospecting, recordkeeper analysis and plan servicing.
TIAA survey finds 53% of adults fear outliving savings
The insurer's KRC Research survey of 1,000 adults aged 18 to 65 also finds 43% doubt traditional planning methods keep pace with longer lifespans.
Guardian survey finds 13% on track to save for the retirement they want
The insurer's 2026 Mind, Body, and Wallet report recorded its lowest well-being and financial health readings in 15 years, and 41% of respondents doubt their savings will last.
TIAA survey: 53% of adults fear outliving savings more than underspending
The 2026 survey of 1,000 U.S. adults aged 18 to 65 finds 83% carry some financial concern about living longer, with Gen Z most worried about AI's effect on careers.
Ascensus announces advisor referral platform for more than 16 million plan participants
The company cites Cerulli research that 63% of active 401(k) participants operate without access to a financial advisor.
T. Rowe Price's Wyatt Lee says private credit is becoming a big piece of annuity holdings
He spoke on a Goldman Sachs Asset Management panel discussing a 2026 retirement survey in which 83% of respondents said they want guaranteed income, as Fitch put the trailing default rate on U.S. private credit borrowers at a record 6.3%.
Edward Jones plans 2027 release of AI workplace retirement plan tool
The firm is building the Retirement Plan Management Center with Aboon and RPAG, whose platform supports more than 120,000 plans, according to the announcement.
Edward Jones to launch AI-powered workplace retirement platform with Aboon and RPAG in 2027
The Retirement Plan Management Center spans prospecting, recordkeeper analysis and servicing, drawing on plan data from RPAG's 120,000-plan platform.
Goldman retirement survey ties second jobs to a drop in workers raising 401(k) savings
Almost a third of full-time workers say their job only just covers expenses, and the share who raised their retirement savings slipped to 39% from a year earlier.
Treasury draft proposes auto-opening 63.36 million child Trump Accounts by Social Security number
The rules would replace a March proposal and let the Secretary enroll children without parental election, but they do not name the data source that would identify eligible children.
Goldman survey finds share of respondents raising retirement savings falls to 39%
The share who reduced their savings rose to 14% from 8%, and on-track readings fell in all four generations.
Vanguard finds 26% of small plans auto-enroll, against 61% of large plans
Participation reaches 79% at small plans that use automatic enrollment, still short of the 94% at large plans.
IRS proposes letting Treasury create 63.36 million Trump Accounts without parental election
Draft rules would replace the March proposal by letting the Treasury Secretary open accounts automatically, and the regulations do not say which data would identify eligible children.
Treasury moves to auto-open Trump Accounts for children with Social Security numbers
Treasury projects more than 60 million accounts will be added this year under temporary regulations that let the secretary open them on a child's behalf.
IRS Notice 2026-49 proposes standard forms for plan-to-plan rollovers
The proposal would supply four model forms and a five-step process, and 401(k) Specialist columnist Tom Hawkins calls it a constructive step.
California's Proposition 42 would shield 401(k), pension and IRA assets from new personal-property taxes
The measure responds to state tax proposals from 2019, 2022 and 2024, and its backers cite a study estimating that a 1% asset tax could cost retirees $225,000 to $1.2 million over a lifetime.
Vanguard proxy voting choice passes 500,000 investors as nearly 80 plans sign on
Retirement plan sponsors in the program represent $120 billion in assets and more than one million participants, per Vanguard's 2026 voting report.
Fidelity's real estate debt fund files $451 million; Värde and Barings leave size blank
Invesco's summer poll put defined contribution participants at 3.4 out of 5 on naming private assets, leaving the education job to target-date funds.
Fidelity files $451 million real estate debt fund; Northern Trust files $33 billion vehicle
The platform-scale filers arrived with numbers, while Värde and Barings filed credit vehicles with names and no stated size in the same 48 hours.
Asteri Collective names Sheri Fitts executive director as founder Ann Slotwinski retires
Fitts, a 30-year industry veteran who founded Sheri Fitts & Co. and the Sway conference, will lead an alliance whose members service more than 51,200 retirement plans.
Asteri Collective names Sheri Fitts executive director as Slotwinski retires
Slotwinski leaves the retirement plan consultant collective at more than 51,200 plans, 2.2 million participants and $158 billion in assets under administration, 401(k) Specialist reported.
Ron Wyden bill would double the Saver's Match to $2,000 a year
The Savers Match Enhancement Act would lift the federal matching rate to 100% of the first $2,000 contributed and index that ceiling to inflation, with the program's first payments not scheduled until 2027.
Tavarez, Barnett & Steen leave UBS for Frost Investment Services
The three-advisor liftout landed at a bank-owned brokerage in a week when Modern Wealth added 10 advisors and LPL pulled the Fowler team from Raymond James.
SEC proposes to rescind adviser pay-to-play rule for government clients
The 2010 rule barred compensated advisory work for government clients for two years after certain political contributions; the SEC would also drop the related recordkeeping requirements.
ERIC asks Treasury to make BNY the clearinghouse for employer Trump Account contributions
Employers cannot fund accounts they cannot verify, and the request would settle whether BNY becomes the single payroll connection for doing both.
ERIC asks Treasury to make BNY the Trump Account clearinghouse for employers
Employers can't fund accounts they can't verify, so the permanence of the government's clearinghouse decides whether contributions ever reach payroll.
CBO's 26 percent cut is the planning number now
Two government estimators sit four points apart on the same 2032 insolvency date, and the decumulation machinery of the DC system has no input for either of them.
Wagner to PBGC: price the sponsor's conduct, not its adviser's error
A 20-page comment letter from two authors of the old penalty guidance asks the agency to make relief a documentation question before the per-diem ladder hardens into a final rule.
The corner office is now a distribution job
AllianceBernstein's succession, MFS's shelf argument and Vestwell's CIT hire point the same way: the target-date product is settled, and the fight is now over who controls the default.
Vestwell staffs for disclosure; CITs get a distribution specialist
Two finance seats on a retirement platform's board and a one-woman CIT consultancy point at the same shift: the 401(k) business is spending on org charts and files, with the product decisions already made.
AllianceBernstein hands its CEO job to its distribution chief
The succession puts a target-date and DC manager in the hands of an executive built on client coverage and private markets, leaving the retirement menu a defensive position.
Captrust and LPL are buying whole practices now
Two seven-advisor teams landed at Captrust the same day, LPL pulled four advisors off Northwestern Mutual, and a $385 million book left Wells—moves that read better as practice acquisitions than recruiting.
The U.S. retirement slide is now a healthcare problem
Natixis's 2026 index shows America spending more per person on healthcare than any of the 44 nations it ranks, and finishing 25th on health.
NAPA's farewell address names four forces education can't answer
The outgoing president's list of what is changing runs past the tools her association sells, and the coverage gap sits outside the adviser's reach entirely.
EIG puts the coverage gap at 76.2 million workers
The updated estimate splits into roughly 61 million employees and 15 million self-employed, and EIG's match data show employer money landing well above the typical worker.
FIS's cloud launch is a SECURE 2.0 change-management pitch
Architecture is invisible to sponsors; the cost of configuring the next SECURE 2.0 feature is not, and the RFP should say so.
Trump Accounts enroll millions, but only 5% of the families they target
Treasury counts 7 million sign-ups; Commonwealth finds 5 percent among the low- and moderate-income households the account was written for.
Edelman hires recordkeeper product chief to own the rollover
Edelman's new retirement chief shows the 401(k) advice fight has moved from legal permissibility to distribution control.
A 60 claiming age leaves the occupation list to three agencies
Three agencies would have a year to name the qualifying jobs, and that list — not the age — decides which clients get the earlier claim.
Invesco participants score 3.4 out of 5 on naming private assets
Demand for private markets in DC plans has now been measured twice; the summer poll shows participants cannot identify the assets they say they want, which pushes the education job onto the target-date fund.
HSA assets climb 19% on fee cuts the law didn't deliver
Growth is coming from lower fees and brokerage windows rather than expanded eligibility, while four in five employees never buy a fund.
Edelman puts a recordkeeper product chief in charge of its workplace-retail handoff
The newly created chief retirement officer role spans two businesses whose real prize is the rollover moment; Edelman filled it from the recordkeeper side of the market.
Advisers say they ask for more assets; 71% of clients say they were never asked
Three studies trace a gap built from unbilled hours, unquantified planning value and thin staffing at the moment clients say they are ready to move assets.
LeafHouse's last symposium closes the year its advice business sold
The fiduciary layer keeps consolidating while the platform layer keeps the capital, and the final LNRS is the most legible move either side has made.
A manufactured comment file is the rule's real exposure
Three lawmakers want the FBI and Labor's inspector general to test nearly 12,000 supportive submissions, which turns a policy fight into an evidentiary one.
CITs answer to bank examiners. Sponsors answer for the rest.
Collective investment trusts won the default slot with no SEC registration, which puts the monitoring file, not the fee quote, at the center of the decision.
The U.S. retirement slide is fiscal, and plan design can't fix it
The U.S. fell to No. 24 in Natixis's 2026 index, and an eight-place drop in its finances category puts the repair with Congress, not with plan menus.