Electronic Disclosure Bill Introduced in Senate
The House version of the bill, prioritizing electronic delivery of SEC-required disclosures, has already cleared committee.
News
EBSA Budget Request for FY26 Down 5% from FY25
The Pension Benefit Guaranty Corporation, which provides financial assistance to distressed pension plans, also requested a smaller budget at $21.8...
U.S. Wealth Soars as Millionaires Multiply and Migration Trends Shift
The U.S. leads the world in private wealth growth and millionaires, according to Henley & Partners, while a growing share...
CAPTRUST Names New Head of M&A
Mike Wunderli joins CAPTRUST from boutique investment bank Echelon Partners.
PensionBee Says Safe Harbor IRAs Are ‘Cause for Concern’
Research from PensionBee founds more than 29 million “left-behind” 401(k)s currently exist in the U.S. retirement system, costing workers up...
Pension Risk Transfer Cost Drops in April
Average costs of a competitively bid pension risk transfer declined to 101.1% of a plan’s accounting liabilities in April from...
Bringing Advice to the Masses
When offered, managed accounts can provide a full financial planning experience—from accumulation through retirement.
Survey Explores Unrealized Tax Credits
A report from the New Practice Labs suggests how more low-income households can realize available tax credits.
Court Affirms Dismissal of Intel Investment Lawsuit Over Alternative Investments
In a 2019 suit, plan fiduciaries were accused of breaching their duties of prudence by investing some of the retirement...
DOL Introduces Multi-Agency Opinion Letter Program
The initiative aims to improve compliance assistance by providing more accessible guidance about federal labor laws across five agencies, including...
Latest 401(k) Forfeiture Lawsuit Filed Against UBS
The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer contributions.
Retirement Industry People Moves – 5/30/2025
IRI announces executive committee changes; Simpson Thacher adds a partner to its executive compensation team; Russell Investments announces new investment...
Making Decisions About AI Adoption
Firms express cautious optimism about artificial intelligence tools in a recent survey.
Bringing AI to Practice Management
Firms seek to solve bottlenecks and streamline opportunities by leveraging the power of artificial intelligence.
Product and Service Launches – 5/30/25
PensionBee launches SEP IRAs designed for gig workers; Vanguard adds four equity index funds to its Investor Choice program; Valmark...
DOL Announces Intentions to Craft New ESG Retirement Investing Rule
In April the department stated it was considering rescinding the 2022 ESG rule and asked the 5th Circuit to pause...
EBSA Head Nomination Hearing Scheduled for June 5
The hearing, for Daniel Aronowitz as assistant secretary of labor for the Employee Benefits Security Administration, was scheduled by the...
Moving Toward AI, Both Ethically and Responsibly
As AI is integrated into financial services, the industry must grapple with how to review and manage oversight.
Younger Americans Rewriting Rules of Retirement
Members of Generation Z and Millennials are saving and planning for retirement much earlier than previous generations, and they’re doing...
Government Agencies Continue Push for Increased Health Care Pricing Transparency
The Departments of Labor, Health and Human Services and Treasury sought information and released updated guidance aimed at creating nationwide...