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The CEO and president of MissionSquare discussed plans to expand emergency savings for public sector workers, as well as the opportunity that could come through investing in CITs.

The initiative aims to provide clearer, more accessible guidance on federal labor laws across five agencies, including the Employee Benefits Security Administration.

Uncertainty and confusion about products, plan design and longevity all present obstacles to turning retirement savings into regular income.

‘Guaranteed income’ offerings are popular with retirees because they reduce the need for a do-it-yourself approach to retirement finance.

With more recordkeepers embedding artificial intelligence capabilities into their platforms, many hope it will help participants select retirement income solutions.

Simpson Thacher adds a partner to its executive compensation team; Russell Investments announces new investment division appointments; and IRI announces executive committee changes.

The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer contributions.

PensionBee launches SEP IRAs designed for gig workers; Vanguard adds four equity index funds to its Investor Choice program; Jackson adds Nasdaq 100 Index option; and more.

Plan fiduciaries were accused of breaching their duties of prudence by investing some of the retirement plan’s assets in hedge funds and private equity funds in the 2019...

The decision marks the second reversal of a Biden-era rule from the department this week.

Daniel Aronowitz was nominated in February to serve as assistant secretary of labor for the Employee Benefits Security Administration.

The new guidance rescinds the previous administration’s 2022 compliance direction to plan sponsors, urging them to exercise ‘extreme care.’

The departments sought information and released updated guidance aimed at creating nationwide cost consistency for medical services and prescription drugs.

Education and tools plan sponsors can reference to help protect retirement plan assets and ensure the financial security of plan participants and beneficiaries. 

The initiative seeks to identify and explore what qualities will define the future leaders in the sector.

A new report from the Institutional Retirement Income Council urged employers to equip pre-retirees with tools for sustainable income planning. 

The legislation would establish an independent inspector general for the agency that administers the retirement plan for more than 7 million federal employees. 

TIAA expands its retirement product team; Mutual of America names a CFO; FINRA appoints a new public governor; and more.

The external breach occurred last summer and may have exposed retirement plan participants’ personal data, such as Social Security numbers and bank information.

Tiara Yachts Inc. accused the health insurance administrator of overpaying medical providers and collecting fees directly tied to ‘inflated’ payments it authorized.