Fidelity Investments has been taking advantage of new changes to 403(b) regulations to expand its presence in the higher education retirement business, adding more than 50 new plans this year.

“The new regulatory environment has resulted in institutions taking a closer look at their 403(b) providers and making the changes necessary to make sure they are well equipped to handle the administration of their plans,” said John Begley, executive vice president of Fidelity.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.