Retireholics - Courtenay Shipley
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Headlines:
Auto Portability Consortium Adds Empower
Launched last fall, the Portability Services Network also includes major recordkeepers Fidelity, Vanguard and Alight Solutions. The fledgling Portability Services Network added another major recordkeeper this week with the news that Empower has joined the consortium in an effort to help accelerate the nationwide adoption of auto-portability with 401(k) accounts.
-401k Specialist
Collective Trusts Expected to Top Mutual Funds as Primary Target-Date Vehicles in 2023
Most target-date providers saw losses in 2022, with gains coming mostly from CIT-based funds. Collective trusts are projected to top mutual funds as the primary target-date vehicles this year, according to the latest analysis from Sway Research.The number of lower-cost collective investment trusts, known as CITs, in target-date funds has surged past those that are mutual-fund based, Sway found in a report released Monday. As CIT-based solutions have produced the most asset gains in non-custom TDF portfolios, providers are increasingly placing assets in collective trusts, according to the Newton, New Hampshire-based firm run by founder and principal Chris Brown.
-Planadvisor
Auto Portability Consortium Adds Empower
Launched last fall, the Portability Services Network also includes major recordkeepers Fidelity, Vanguard and Alight Solutions. The fledgling Portability Services Network added another major recordkeeper this week with the news that Empower has joined the consortium in an effort to help accelerate the nationwide adoption of auto-portability with 401(k) accounts.
-401k Specialist
Collective Trusts Expected to Top Mutual Funds as Primary Target-Date Vehicles in 2023
Most target-date providers saw losses in 2022, with gains coming mostly from CIT-based funds. Collective trusts are projected to top mutual funds as the primary target-date vehicles this year, according to the latest analysis from Sway Research.The number of lower-cost collective investment trusts, known as CITs, in target-date funds has surged past those that are mutual-fund based, Sway found in a report released Monday. As CIT-based solutions have produced the most asset gains in non-custom TDF portfolios, providers are increasingly placing assets in collective trusts, according to the Newton, New Hampshire-based firm run by founder and principal Chris Brown.
-Planadvisor
