Alight CEO Plans to Step Down After Firm Appoints Successor

Also, Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into Proprietary Annuities

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Deals & People Alight CEO Plans to Step Down After Firm Appoints Successor Alight announced that Stephan Scholl will continue as CEO and director until a replacement is confirmed. News Feed Quick Links Deals & People Practice Management Products Client Service Data & Research Investing Compliance

Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into Proprietary Annuities A proposed class action complaint filed by law firm Schlichter & Bogard claims TIAA's strategy steered participants to its own retirement investment offerings.

Today's Most Read 1. US Households Face Significant Financial Advice Gaps 2. 401(k) Trading Hit Four-Year High on Monday 3. Market Sell-Off Highlights Need for Ongoing Participant Education

Lincoln Adds to In-Plan Retirement Income Offerings A new guaranteed lifetime withdrawal benefit can be offered through a managed account and is part of a diversified fund.

Prime Pensions Acquires Pennsylvania-Based TPA, Adds 350 Plans The addition comes after Prime Pensions received PE backing from Lightyear Capital earlier this year.

Are District Court Rulings the 'Final End' For DOL's Fiduciary Rule? Two federal courts in Texas halted the DOL's new fiduciary rule. An appeal is likely, but ERISA experts say Congress may be the next best stop for the DOL.

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