DB Income Linked to Slower Drawdowns for Low-, Middle-Asset Retirees
An EBRI study tracking post-retirement income found that a guaranteed source such as defined benefit payments could curb asset declines.
Faith Advocacy Group Joins Fight for 403(b) Investments in CITs
Retirement industry groups and nonprofit advocates and plan sponsors are also pushing for Congress to allow 403(b) plans to invest...
One-Third of Financial Fraud Victims Did Not Contact Law Enforcement, per CFP Board
The nonprofit’s survey found that embarrassment, shame and uncertainty of whom to contact all contributed to an underreporting of financial...
Plaintiffs Suing Nationwide Could Lose Class Certification
The insurance company asked an Ohio federal judge to consider a recent appeals court ruling against class status in ERISA...
Blackstone Private Wealth Names Michael Miller as Head of Retirement Solutions Sales
Miller is tasked with encouraging retirement plan sponsors and wealth managers to invest in private markets.
IRIC Head Kevin Crain Joins OpenArc as Consultant
Crain will provide original research and thought leadership for the combined registered investment advisory and wealth management firm.
Vanguard: DC Plan Designs Drive 25-Year Record Outcomes
Participation and default rates—among other measures of accumulation success—continued to rise last year.
2027 Budget Cuts for DOL, EBSA Approved by House Committee
The budget bill proposes slashing the Department of Labor’s discretionary spending by 27%.
Managed Accounts Can Improve Plans That Have Lower Defaults, No Escalation
According to Morningstar, younger savers especially can benefit from compounded interest.
Guiding Plans Through Private Market Decisions
Fees remain a concern with alternative assets, but experts say even modest gains could compound meaningfully over a worker’s career.
Most Savers Lack Clear Plan for Retirement Spending, per Corebridge
Pre-retirees will need to save six-figure sums to make up for gaps caused by cut Social Security benefits.
Employer Groups Seek Class Certification Reversal in Tobacco-Use Surcharge Case
The ruling from the 8th Circuit Court of Appeals could impact a growing wave of ERISA litigation targeting employer wellness...
Reading 45,000 Comments on DOL 401(k) Investment Selection Rule
There is a sharp divide about how far plan fiduciaries should be allowed to go when considering alternative investments.
House Hearing Scrutinizes Social Security Commissioner’s Agenda
House Democrats raised questions over Commissioner Frank Bisignano’s claims that his agency is having its ‘best overall performance.’
Social Security Trust Fund Faces Depletion in 2032
The current estimate says the agency will have enough revenue to pay 83% of benefits due at that time.
AI Governance Grows at Uneven Pace
A corporate survey found 80% of respondents said their managers had a ‘hands-off’ approach to artificial intelligence.
$23M Settlement Ends MetLife’s Mortality Table Case
Plaintiffs alleged that MetLife had given them fewer benefits after using actuarial tables dating back to the disco era.
Oregon, Vermont Lead US Adviser Salary Bumps
According to Bureau of Labor statistics, the median salary of financial advisers rose in more than half of US states...
Appeals Court Stands by Class Certification Denial in 401(k) Case
The U.S. 4th Circuit Court of Appeals will not rehear Trauernicht v. Genworth, which could impact plaintiffs’ chances for class...
Young Americans: Open About Money, Generous With Donations
Recent reports revealed that Generation Z savers budget openly with friends and that Millennials are giving more to charity.