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Student Loan Burden Lingers Beyond Repayment—Especially for Private Sector Workers
A new study revealed key differences in how student debt impacts the financial well-being of public and private sector employees, with implications for employer support strategies.
Retirement Industry Deals and People Moves – 6/27/2025
SBA names Andy Clonts as senior benefits consultant; Cheryl Morrison Deutsch joins 401GO as chief experience officer; Lincoln Financial hires three for retirement services team; and more.
Product and Service Launches – 6/27/25
Nationwide launches RetireAssist, Envestnet expands alts access; ETFs from Macquarie, WisdomTree, AllianceBernstein hit the market; and more.
Do Private Markets Present a Lucrative Opportunity ‘Fraught With Peril’?
Jerry Schlichter says fiduciaries’ responsibilities have been complicated by provider desires to make private market investments available via 401(k) plan managed accounts.
Investment Advisers Optimistic About Inflation Amid Recession Fears
RIAs noticed a spike in clients looking to diversify their assets, with almost half reporting an increase in international equities allocations and 3 in 10 increasing allocations to...
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 details of the firm’s plans.
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.
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 owned.
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% rate one decade ago.
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 accounting methods.
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.
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 federal fiduciary duties.
Voya Collaborates With Savi for Student Loan Debt Offerings
The company said it will offer many Savi guidance features at no charge to employers or their employees.
PBGC Inspector General Warns of Added $6B in Costs to SFA Program
A recent court ruling allowed previously excluded terminated and insolvent plans to resubmit applications for special financial assistance, enacted by the American Rescue Plan Act.
Senate GOP Releases Tax Plan, With Some Key Changes From House Version
The bill calls for raising the U.S. debt limit by $5 trillion, up from the House version increase of $4 trillion.
Investors Concerned About the Big, Beautiful Bill’s Section 899
Experts say the provision, which would raise taxes on the U.S. income of foreign businesses and individuals, is likely to hurt capital markets.
Gen Z, Millennials Redefining the Future of Work
A Deloitte survey explores what drives Generation Z and Millennial workers and what leaders must understand to build future-ready workplaces.
Athene Names CEO and Several Senior Promotions
Apollo’s retirement services arm named Grant Kvalheim CEO and elevated Mike Downing and Sean Brennan to co-presidents of Athene USA.
What’s Next for Managed Accounts?
Technological evolutions could help the personalized options become more efficient—and more popular.