PensionBee Analysis Says Looming Social Security Cuts Could Cost Americans $138,000 Each
The analysis finds that a 23% cut would require $138,000 in added savings to replace the lost income; a 19%...
News
Senator Warren Wants Information About Empower’s Push Into Private Equity for 401(k) Plans
Democratic Senator Elizabeth Warren wrote to the company’s CEO, Edmund Murphy III, outlining concerns about the asset class and demanding...
Despite Fintech Advances, Users Remain Reluctant to Try New Products
A Nationwide survey also found that annuity sellers want a simplified suitability process and better digital tools for accepting and managing applications.
Private Equity Sponsors ‘Cautious’ Amid Market Uncertainty
A Churchill Asset Management survey found PE firms remain cautiously optimistic about the outlook for dealmaking, exits and returns.
Michael Liersch Named Chief Planning Officer at Edelman Financial Engines
In the newly created role, Liersch will focus on financial planning, advice and solutions.
Investors, Advisers Take Different Approach to Initial Retirement Years
A Global Atlantic survey showed mismatched priorities between financial professionals and clients during the critical ‘Fragile Decade.’
Advisers’ Next Task? Learn About Crypto
A CoinShares study found the majority of wealthy investors are seeking expert guidance about digital asset investments.
Former CFA Institute CMO Accused of Embezzling $6M
An indictment alleges that Michael Collins stole funds from multiple employers by invoicing them for nonexistent services from companies he...
Automatic Plan Features Help Participant Savings Rates Stay Resilient in 2024, Says Vanguard
The average 401(k) deferral rate was 7.7% in 2024—an all-time high and nearly one percentage point higher than the 6.8%...
Large Plan Sponsors Highly Satisfied With Advisory Services
Nearly all plan sponsors surveyed by Callan offer some form of investment guidance to participants.
The Math Behind Why the Senate Tax Bill Seems Cheaper Than House Version
Even though both bills share many provisions, the estimates from the congressional Joint Committee on Taxation are based on different...
401(k) Forfeiture Complaint Against Wells Fargo Dismissed
The District of Minnesota ruling, released June 18, closely resembled the dismissal of an ERISA complaint against J.P. Morgan on...
Democratic Senators Urge DOL to Reconsider Elimination of 401(k) Plan Crypto Guidance
In a letter, four Senators expressed concern that rescinding the 2022 guidance removes essential protections for American workers’ retirement savings.
Brian Funk Named President of MetLife Investment Management
The firm’s global head of private capital has been serving as interim president since May.
Employer Sues Blue Cross Blue Shield of Michigan for Alleged ERISA Violations
Wesco Inc. alleges BCBSM exploited self-funded health plans by charging fees to fix its own billing errors, in violation of...
Retirement Industry Deals and People Moves – 6/20/2025
CBIZ appoints Seth Goldblum to lead advisory services; Aidentified hires Dan Cavanaugh as head of wealth management; ADISA names new...
Asset Managers Predict Global Equities Will Be Best Short-Term Asset
Bank of America’s June Global Fund Manager Survey found that, over the next five years, a significant number of investors...
Workers Don’t Expect to Succeed in Saving for Retirement
A new Transamerica report considers generational differences in retirement expectations.
Senate Advances GENIUS Act to Regulate Stablecoins
The measure, which introduces new compliance standards for issuers of stablecoins, passed with bipartisan support.
Social Security Trust Fund Predicted to Fall Short One Year Sooner
Social Security's largest trust fund may be depleted in 2034, one year earlier than estimated in 2024, and what had...