Compounding the problem of low financial literacy is “low longevity literacy,” or a lack of understanding of how long people tend to live in retirement. According to new research from the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University... READ MORE

Are you helping teachers, first responders, and others in the non-profit sector with their retirement plans? It’s a fulfilling focus and one you’ll want to do right. It’s why you can’t afford to miss out on the second annual NAPA/NTSA ERISA 403(b) Advisor Conference, Oct. 1 – 3, 2023, in... READ MORE

The effect of skipping past Social Security’s looming solvency deadline without a solution is by now widely known. If payroll taxes are the only available funds, Social Security will pay 77% of scheduled benefits. While still a sizable portion of promised benefits, the cuts will nonetheless hurt.... READ MORE

“In 2022, the gap in flows for cheap and expensive funds grew into a chasm,” a new Morningstar report found. “For the first time since 2017, the cheapest quintile of funds pulled in over $1.1 trillion more than the remaining 80% of funds, as the cheapest 20% saw net inflows of $394 billion while... READ MORE

Is the litigation tide turning in favor of plan sponsors? That’s a growing perception but one contradicted by data, at least when it comes to dismissal motions.  Fiduciary liability insurance provider Euclid Fiduciary found that, as of the end of July, plan sponsors “are only winning approximately... READ MORE

Is it ESG for me but not for thee?  Republicans heavily criticized environmental, social, and governance (ESG) investing policies in recent months, arguing it does little more than serve a woke agenda at the expense of investment returns.  For instance, they say divestment from fossil fuels ... READ MORE

House and Senate Democrats quietly reintroduced bills on Thursday to require spousal consent for 401(k) distributions. H.R.5060 and S.2627 would “amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other... READ MORE

“Senator Ben Cardin has been beyond instrumental in making our retirement system work the way it does today,” American Retirement Association (ARA) CEO Brian Graff said at the outset of a ceremony at the 2023 NAPA DC Fly-In Forum honoring the Maryland Democrat. In May, Cardin announced that he... READ MORE

“NAPA is one of the most successful fiduciary organizations in the country,” Congresswoman Virginia Foxx, R-N.C., Chair of the House Committee on Education and the Workforce, said at the outset of her speech to DC Fly-In Forum delegates in Washington on Wednesday. Praising auto-enrollment, among... READ MORE