A new Risk Alert from the Securities and Exchange Commission advises that some newly registered advisers need to improve their compliance procedures, disclosures and marketing practices. The findings outlined in the Alert are based on shortcomings that staff observed during recent examinations of... READ MORE

President Biden’s nominee to lead the Department of Labor (DOL) will get a shot to convince skeptical lawmakers that she is the best candidate to succeed Marty Walsh, who stepped down earlier this month to take a position with the NHL Players Association. Julie Su, who was nominated to serve as U.... READ MORE

Not ready to give up the fight, the Republican-led House of Representatives attempted to override President’s Biden veto of a resolution that sought to block the so-called “ESG rule” from taking effect but fell well short of the votes needed. To override a presidential veto, it requires a two-... READ MORE

Feeling cared for at work is a key driver of employee holistic health and happiness, and not prioritizing it can cause major issues in the workplace, according to a new study. MetLife’s 21st annual U.S. Employee Benefit Trends Study found that nearly half of employees (42%) don’t feel cared for by... READ MORE

A group of Senate Democrats has asked Congress’ watchdog agency to examine the impact of the pay gap between men and women on the ability of women to save for retirement. Released in conjunction with Equal Pay Day, the March 14 letter from Senate Special Committee on Aging Chairman Robert Casey,... READ MORE

In the post-SECURE Act 1.0 era, plan consultants are becoming more comfortable recommending retirement income options, but a new study suggests there are potential obstacles with newer solutions.  Following passage of the SECURE Act in December 2019, more than 8 in 10 (82%) defined contribution (... READ MORE

President Biden’s fiscal year 2024 budget proposes massive tax increases on corporations and upper-income taxpayers, including a proposal from the Build Back Better Act[1] to limit how much taxpayers are allowed to accumulate in their retirement plans. According to the Treasury Department’s... READ MORE

Although stress continues to dominate women’s feelings toward money and saving, new research finds that, through the help of peer-supported groups, they’re tackling stress head on by taking control of their finances. According to the study by Fidelity Investments, which was conducted in... READ MORE

After many years of saving in a defined contribution (DC) plan, what does a retirement-age participant typically do with the money they’ve accumulated? New research by Vanguard breaks it down. As an issue that has increasingly piqued the interest of policymakers, plan sponsors and recordkeepers,... READ MORE