The appellate court stuck with its March ruling that claims involving individualized monetary losses cannot be pursued as mandatory class action lawsuits.
A new paper suggests investors focus on the meaning behind a retirement income product selection, instead of comparing the array of products in the market.
Supporters say the proposal would reduce litigation fears and expand retirement investment options, while critics warn it will weaken longstanding investor protections.
Baillie Gifford debuts US exchange-traded funds; Voya launches multi-manager alternative collective investment trust for defined contribution plans; and more.
According to Secretary of the Treasury Scott Bessent, the administration will turn to broader retirement access proposals after the July launch of the new investment program for children.
88% of plan sponsors said nonqualified deferred compensation plans effectively create long-term financial wellness, according to a survey from PLANSPONSOR and Newport.
Panelists at the 2026 PLANSPONSOR National Conference said new Department of Labor rules could give employers more room to innovate, but documentation burdens will rise.
Speakers at the PLANSPONSOR National Conference said employers are still evaluating guaranteed income products to create income from accumulated defined contribution balances.
One-fourth of respondents answered no more than 25% of financial questions correctly, according to the TIAA Institute and Global Financial Literacy Excellence Center.