Articles tagged "Craig Watanabe"


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The White House puts its best Obamacare minds behind cleaning up the 401(k) business -- starting by issuing a withering memo

The executive branch's endorsement of the fiduciary rule is based on finding that Americans may have to work for an extra three years because of Wall Street overbilling

January 30, 2015 — 9:50 PM UTC

'Paradigm shift' in 401(k) flows opens the DOL door for annuities in 401(k) plans and RIAs are split

In the wake of DOL and Treasury rulings, some fiduciaries, certainly not all, seem willing to give the oft-reviled instruments a chance

October 28, 2014 — 6:27 PM UTC

Phyllis Borzi tightens the noose on 401(k) providers that flout DOL disclosure, not without critics

The idea is to have a de facto big red arrow pointing to key disclosures on revenue sharing but it'll add to the verbiage surplus

March 11, 2014 — 9:04 PM UTC

The 401(k) industry braces itself for fruits of a CalPERS rethink that reflects a cut-the-crap mentality about active investing

A giant staff of researchers and managers -- not always in accord -- manages $260 billion of assets exerts psychological weight, and active management is losing friends in a place where it once thrived

September 12, 2013 — 8:30 PM UTC

Fidelity Investments puts hard numbers on the disgruntlement of 401(k) plan sponsors -- and launches Z shares with ETF-like prices

Advisors are gaining some ground but the crunch of fees and service on plan purveyors gets worse and worse

August 16, 2013 — 5:32 AM UTC

Fidelity Investments recognizes power of RIAs in 401(k) market and has increased efforts to work with advisors

With plan sponsors demanding advice, the Boston-based king of DC retirement plans decides to go with the fiduciary flow -- and some experts see it as a blink while others call it a Fidelity bonanza

June 5, 2013 — 5:18 AM UTC

Erring 401(k) plan advisors seek do-overs from DOL to ward off potentially crippling fines

A proposal from leading ERISA attorneys would let RIAs say mea culpa on misinterpretations and technical fouls in the wake of new fee disclosure rules

October 22, 2012 — 3:02 AM UTC

RIAs join move to right a 401(k) wrong: Lopsided plan expenses -- a non-DOL issue

Participants using mutual funds with active management pay for their passively managed brethren; with fiduciary issues being taken for real, this is a problem

September 20, 2012 — 5:01 AM UTC

New DOL rule effectively kills off open-architecture option favored by some big plan participants -- and sets off the 401(k) industry

The wrinkle aimed at self-directed accounts is seen as an unnecessary eleventh hour blindsiding by Fidelity, TD and the CFDD among a broad constituency

June 20, 2012 — 5:44 AM UTC

DOL tells employers when they must fire advisors to 401(k) plans

The new teeth in the rules went unnoticed by many people amid other changes

February 10, 2012 — 5:26 AM UTC

Report of a possible delay in DOL's fee disclosure rule sparks apprehension among advisors and industry observers

Advisors say they can't comply with the rule until they know what's in it but one delay could lead to another

January 5, 2012 — 3:57 PM UTC

Fidelity, Vanguard and Schwab have top 401(k) brands but plan sponsors like the service of off-brands better, study shows

In market share wars for retirement plan dollars, big and small brands alike have much to learn

July 8, 2011 — 2:23 PM UTC

Schwab's CEO engages in a Q&A about how his company's deep-discount, more-advice 401(k) plan will work

It's the fees and the index approach that's important, Bettinger says -- not that Schwab plans to offer the capacity to trade

February 16, 2011 — 5:39 AM UTC

Tom Bradley makes the case for regulatory efficiency -- and maybe, FINRA, especially for the dually registered

TD Ameritrade's chief says it's too soon to reject any idea out-of-hand.

February 11, 2011 — 1:40 PM UTC

Schwab to make long-awaited move in 401(k) market with an all-indexed mutual fund and ETF strategy

Market leader Fidelity not likely to mirror the move because of its legacy structure

February 10, 2011 — 2:50 PM UTC