The downward trend in the expense ratios that 401(k) plan participants incur for investing in mutual funds continued in 2021, according to a new report from the Investment Company Institute.  For equity mutual funds, the average expense ratios incurred by 401(k) investors declined from 0.39% in... READ MORE

While most workers believe they are still on track for a secure retirement, the findings from a new survey suggest that many are not saving enough in light of the financial setbacks suffered during the pandemic.    According to the Transamerica Center for Retirement Studies’ (TCRS) 111-page survey... READ MORE

A key House Republican has released a discussion draft of financial data privacy legislation that could impact how retirement plan providers and administrators collect and share consumers’ personal information.  Rep. Patrick McHenry (R-NC), who serves as the top Republican on the House Financial... READ MORE

Investment advisers, institutional investment managers and certain other entities will soon be required to submit certain documents electronically under new rules finalized by the SEC on June 23.  According to the guidance, the rule and form amendments apply to registered investment advisers,... READ MORE

SEC Commissioner Hester Peirce has issued a scathing statement in response to the SEC’s Spring 2022 regulatory agenda, critical of the substance and pace of recent rulemaking.  “Just as certain wave and wind conditions can create dangerous rip currents, the pace and character of the rulemakings on... READ MORE

Paving the way for a year-end deal with the House of Representatives, one of the most powerful committees in the U.S. Senate has advanced comprehensive retirement reform legislation that has the support of the American Retirement Association. Serving as the foundation for the Senate’s counterpart... READ MORE

A new study suggests that the next generation of workers, led by Millennials and Gen Z, is more focused on addressing short-term financial challenges than longer-term goals.    Consequently, the next generation of employees, hindered by inflation and debt, has prioritized becoming financially... READ MORE

The Securities and Exchange Commission is requesting feedback on whether the activities of certain “information providers” constitute acting as “investment advisers” under the Investment Advisers Act.  According to the SEC’s June 15 announcement, the Request for Information (RFI) focuses... READ MORE

Mark Uyeda, nominated to fill the open Republican seat vacated by former Commissioner Elad Roisman, and Jaime Lizárraga, nominated to fill a slot being vacated by Democrat Allison Herren Lee whose term expires in June, were confirmed June 16 by voice vote.  Lee announced in March that she intended... READ MORE