Edelman names director of institutional thought leadership; Manulife John Hancock Retirement makes leadership updates; New York Life appoints chief AI officer; and more.
Barriers to adoption reflect ‘misperceptions and information gaps,’ rather than ‘insurmountable economic realities,’ per a Boston College Center for Retirement Research study.
Private market investments often include no agreed-upon yardstick for benchmarking performance or determining whether fiduciaries made the right comparison.
Treasury plan would allow up to $2,500 in tax-free employer contributions while setting nondiscrimination, reporting and salary-reduction requirements for workplace programs.