The damage an overreliance on financial jargon can do to participant confidence and, by extension, the advisor’s business is well-documented. Still, a new survey brings it (yet again) into stark relief. It might make the advisor sound smart while making the client anxious and overwhelmed, and some... READ MORE

Not your grandparents’ retirement? Actually, it is. A little-reported finding from Schroders’ recent US Retirement Survey 2023 is that Millennials are inexplicably investing in much the same way as their grandparents. The surprising fact doesn’t bode well for the younger generation, which should... READ MORE

“Small market startups, that’s where the growth and opportunity are,” Stephen Daigle said. “It really comes down to how efficiently you can set them up. The reality is that small businesses and plans are very complex, different, and unique.”  Daigle, Co-Founder and CEO at retirement plan... READ MORE

Political risk as a pecuniary factor is one the rise, at least according to one large public pension fund. The New York State Common Retirement Fund announced on Thursday that it will require “enhanced disclosure” on political spending from seven companies in its portfolio.  After reaching the... READ MORE

The Senate Banking Committee passed the Recovering Executive Compensation Obtained from Unaccountable Practices (RECOUP) Act on Wednesday. Spearheaded by Senators Sherrod Brown, D-Ohio, and Tim Scott, R-S.C., the bill would “hold senior executives of failed banks accountable by clawing back their... READ MORE

Small business tax credits contained in SECURE 2.0 make starting a 401(k) plan “essentially free,” a powerful incentive that offsets costs for employers who traditionally might have balked at the burden.   And if business owner prospects still need to be convinced, new tools from Mobile, Ala.-... READ MORE

Rep. Jim Banks, R-Ind., introduced a bill on Monday to block private pension plans under the Employee Retirement Income Security Act (ERISA) from making new investments in companies controlled by or based in foreign adversaries. The Protecting Americans’ Retirement Savings Act (PARSA) would also... READ MORE

[Update: The House Ways and Means Committee passed the Tax Cuts for Working Families Act on Tuesday.] On Friday, Republicans on the House Ways and Means Committee proposed a comprehensive package of tax cuts targeting “workers, families, farmers, and small businesses.” As part of a new... READ MORE

Digital platform 401(k) provider Human Interest announced it will offer a 3% cash back reward to participants who start saving for retirement. Essentially acting as a match, the San Francisco-based company said the incentive is available to all eligible participants on its platform “making at or... READ MORE