Technology

Managing participant data effectively is efficient, but it’s also more than that. Recent blog entries argue that it also provides a way to meet fiduciary responsibilities and address the problem of missing participants — if not obviate it in the first place. It’s not hard to get into that position... READ MORE

A recent analysis offers a fresh take on how to motivate individuals to save for retirement: wed technology and behavioral economics. In “How Digital Tools and Behavioral Economics Will Save Retirement,” an article published in the Harvard Business Review, Shlomo Benartzi, Professor of Behavioral... READ MORE

Bipartisan legislation that would allow for electronic delivery of pension and retirement plan information was introduced in the U.S. House of Representatives Dec 11.Introduced by Rep. Jared Polis (D-CO) and Rep. Phil Roe (R-TN), along with 26 cosponsors, the “Receiving Electronic Statements to... READ MORE

The technological revolution that has ushered in today’s electronic age is a thing of wonder. But it has also opened the door to theft and abuse of money and information, including from retirement accounts. A recent article discusses what can be done to address the threat. In “Cybersecurity... READ MORE

Fiduciary duties and functions have been discussed… just a little… over the last few years. But a recent blog entry suggests that cybersecurity should be added to them.Ariel Gaknoki argues that it should in “Fiduciary Obligations to Safeguard Plan Participants’ Data,” an entry appearing in Trucker... READ MORE

The responses in the private sector to the risks that cybercrime poses to retirement plans, service providers and participants are as varied as its myriad components. But while one may expect that there would be a more uniform response from the public sector to protect its plans and participants, a... READ MORE

Every day we hear news that is premised on a leak of some sort — the result of a breach of cybersecurity. Regardless of whether it has been publicized or is lesser known, a breach is a breach and it puts people and their assets at risk. And that includes retirement plan participants.A recent... READ MORE

Today there is a growing reliance on TPAs to deliver more technology-driven solutions that enhance an advisor’s ability to win new clients and keep existing ones. This high-cost proposition squeezes profit margins for small TPAs at a time when fee compression has already cannibalized revenues.In... READ MORE

“Data security is a team sport.” That’s how FIS Chief Risk Officer Greg Montana summed up cybersecurity efforts at a June 20 session of the SPARK National Conference held in Washington, DC. The panel included not only experts from the private sector, but also Deputy Assistant Secretary for... READ MORE