Despite progress in terms of educational attainment and career opportunities, a new report suggests that women remain at greater risk of not achieving a financially secure retirement than men due to societal headwinds.  According to the report by the Transamerica Center for Retirement Studies (... READ MORE

The American Retirement Association (ARA) is calling on the Department of Labor (DOL) to make changes to its proposed amendments to the QPAM exemption, arguing that, as currently drafted, the proposal would needlessly disrupt plan relationships and increase costs. Testifying Nov. 17 before the DOL... READ MORE

Despite ongoing market volatility and growing financial concerns, one area where 401(k) plan participants have yet to put the brakes on involves saving for retirement. Although average account balances decreased, data from Fidelity’s third quarter, 2022 retirement analysis suggests that retirement... READ MORE

The Senate Finance Committee Chairman apparently remains bullish on the prospects that follow-on legislation to the original SECURE Act will be enacted this year during the lame-duck session.   Speaking to reporters Nov. 15 on a press call, Sen. Ron Wyden (D-OR), who is Chairman of the tax-writing... READ MORE

The Securities and Exchange Commission announced that it filed 760 enforcement actions and recovered a record $6.4 billion in penalties and disgorgement for fiscal year 2022. The total enforcement actions for FY 2022 represented a 9% increase over the prior year. These included 462 new, or “stand... READ MORE

A recent survey that looked at the experiences and perceptions of both women and men on the opportunities and challenges faced by female advisors in the financial services industry finds that female advisors confront different barriers to success than their male counterparts.   While female... READ MORE

The Treasury Department and IRS recently released their updated 2022-2023 Priority Guidance Plan showing that additional guidance on the SECURE Act, missing participants and student loan payments are among the priorities, while President Biden announced his intent to nominate a new IRS Commissioner... READ MORE

Advisor satisfaction with asset manager websites appears to be a key differentiator of whether they intend to invest with those brands, according to a new study. Among advisors who have overall satisfaction scores of 801 or higher (on a 1,000-point scale) with an asset manager’s website, 91% say... READ MORE

Regardless of the divided political pressure surrounding environmental, social, and governance (ESG) investing, asset managers apparently remain committed to considering such factors, with climate change remaining a top priority for firms, a new report suggests.  According to The Cerulli Report—U.... READ MORE