Recent research from the Investment Company Institute (ICI) sought to answer two critical questions on which retirement policy is often based—how do the amount and compositions of spendable income for individuals change from middle to old age? “There are constant proposals to overhaul Social... READ MORE

Congressman Bill Huizenga, R-Mich., Chairman of the House Financial Services Subcommittee on Oversight and Investigations, wants to know how the country’s (and the world’s) largest asset managers make investment decisions and if proxy power is driving those firms towards ESG at the expense of... READ MORE

“AI opens up tremendous opportunities for humanity, from healthcare to science to finance,” Securities and Exchange Commission Chair Gary Gensler said in a speech on Monday at the National Press Club. “As machines take on pattern recognition, particularly when done at scale, this can create great... READ MORE

Financial Finesse Ventures, a venture arm of financial coaching and wellness firm Financial Finesse, announced a new investment in OfColor, a “bold, minority-owned financial wellness platform that is available to all, but is unapologetically focused on the financial empowerment of employees of... READ MORE

The American Retirement Association (ARA) and its affiliates sent a letter to the Commonwealth of Massachusetts legislature opposing its House Bill No. 3031 and Senate Bill No. 2025, legislation that makes available the Massachusetts Defined Contribution CORE Plan to nonprofit organizations of any... READ MORE

The Department of Labor (DOL) announced a new initiative to help “create and promote business ownership by America’s workers.” The new Employee Ownership Initiative will fall under the Employee Benefits Security Administration (EBSA) as part of the Worker Ownership, Readiness, and Knowledge (WORK)... READ MORE

An extensive survey from Transamerica Center for Retirement Studies (TCRS) looks at generational priorities, attitudes, defining financial moments, and retirement plan coverage and savings rates. Forty-one percent of workers think that future generations of retirees will be worse off than those... READ MORE

U.S. wealth management firms have an “advisor engagement problem.” With volatile markets, growing compliance and administrative responsibilities, and an aging advisor population, many advisors are planning their exit strategies. Nearly one-third of financial advisors say they do not have enough... READ MORE

Happy Bobby Bonilla Day! It’s that magical time of the year when the former New York Mets great collects a gargantuan check for having done little more than extremely savvy financial planning. The 59-year-old MLB vet hasn’t played in a major league game since the late 1990s, but the Mets still pay... READ MORE