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Plan Sponsors Need Help Communicating Benefits to Employees
Plan sponsors should be aware of the financial literacy levels of their employees and make sure messaging is clear and understandable , according to experts.
DCIIA Courting Retail Investment Advisers
The well-known industry association opens its umbrella in yet another sign of retirement and wealth advisement drawing closer.
Complying With SEC Marketing Rule: Don’t Say What You Can’t Prove
SEC officials and compliance experts say that proving statements of fact should be at the top of advisers’ to-do list under the SEC's new marketing rule.
The PLANADVISER Interview: Anne Lester, TDF Pioneer, Debut Author
The former J.P. Morgan retirement solutions head discusses TDFs, retirement income, and her forthcoming book on financial wellness.
Financial Finesse to Launch Financial Literacy Certification Program for All US College Athletes
The program aims to help students maximize their endorsement deals, prepare for the future and navigate financial uncertainty.
401(k) Participant Drops Data Breach Suit Against Transamerica
Class action plaintiff complaint files a motion to dismiss the suit against the retirement recordkeeper.
As US Awaits Biden Veto to Keep ESG Rule, Advisers Shrug
Much ink has been spilled over legislation to overturn a DOL rule that allows ESG investing in retirement plans. Plan advisers say that no matter what happens, they...
Senators Propose Repealing Social Security Cuts to Public Pensioners
The Social Security Fairness Act would repeal two provisions that reduce payments to many retirees collecting public pensions.
Recordkeeper Consolidation: Good or Bad News for Small Managed Accounts?
Industry participants are mixed on whether recordkeeper consolidation will help or hinder business opportunities for managed accounts.
Senate Joins House in Refuting DOL’s ESG Rule
A resolution to nullify the DOL's rule permitting ESG investing in retirement plans will now go to President Joe Biden, who has said he will veto.
House Passes Resolution to Repeal DOL 401(k) ESG Rule
The resolution catalyzes the debate over whether to allow ESG investing considerations in retirement savings plans, with the Senate next to weigh in.
EBSA Head Says Disclosure, SECURE 2.0, ESG Are Key Priorities
EBSA’s Lisa Gomez identified upcoming regulatory priorities related to SECURE 2.0 and the importance of effective disclosure at a conference hosted by the NIRS.
IRS Proposes Rules That Require Retirement Forfeitures Be Used in 12 Months
A new IRS proposal formalizes guidelines on how plan administrators should manage and use retirement plan forfeitures.
IRI to Push for Annuities as Default Retirement Investment Option in ‘23
The retirement insurance industry group is calling for legislation that would do away with a liquidity feature that limits certain annuities in retirement plans.
DOL Updates Form 5500 for 2023
This year’s changes include reporting modifications for PEPs and small plans.
Embattled DOL ESG Rule Receives Democratic Congressional Support
A DOL rule permitting ESG considerations in retirement plan investing has been challenged by two separate lawsuits. House Democrats are now trying to legislate it.
Top Economist: Recession Coming, But Boomer Retirees to Mitigate Job Cuts
The US is expected to enter a “short and shallow” recession in 2023, according to the Conference Board’s top economist.
Legal Complaint Says DOL’s ESG Rule “Jeopardizes” Retirement Savers
A second lawsuit in less than a month has been brought challenging the legality of the DOL’s rule concerning ESG in retirement plans.
CAPTRUST Survey Shows Nonprofits Ignore Benefits of Select Investments
New research shows organizations often overlook alternative assets, ESG and DEI.
Social Security Expansion Act Would Guarantee Solvency for 75 Years
The Democrat-sponsored bill has been referred to the Republican-controlled House Committee on Ways and Means.