Now that the online tools are available, approximately 10% of plan participants are receiving some form of advice from TIAA each year, a four-fold increase relative to an earlier period.Read more >
There are strategies plan sponsors can adopt to make the most of technology and digital tools, so that participants can boost their retirement readiness.Read more >
“Aren’t IRAs exempt from the Employee Retirement Income Security Act (ERISA), and thus any of ERISA’s fiduciary provisions? And what about the many 403(b) plans that are also not subject to ERISA? If the fiduciary does not apply to those plans, why would it apply to IRAs?”Read more >
Kelley Long, a member of the AICPA Consumer Financial Education Advocates group, has a few suggestions for plan sponsors and plan advisers to help participants not react to unreliable financial news.Read more >
The U.S. Senate has quietly approved President Trump’s Secretary of Labor nominee, Alexander Acosta. Acosta, working with whomever is named to fill the role of head of the Employee Benefits Security Administration (EBSA), will oversee the implementation of the Department of Labor (DOL) fiduciary rule reforms.Read more >
While effective in reducing acts of fraud, voice biometrics is also 80% faster to authenticate compared to PINs, passwords and security questions, Transamerica says.Read more >
