Even though a recession never materialized, 2023 ended up being a challenging year for investors with the Fed calling the shots, Bob Doll observes in looking back on his 2023 predictions. As things currently stand, he will have achieved just 5 out of 10 correct predictions for 2023, which he notes... READ MORE

As the impact of unpaid family caregiving takes a toll on the ability to save for retirement, newly introduced legislation seeks to alleviate some of that stress. Reps. Claudia Tenney (R-NY) and Chris Pappas (D-NH) on Dec. 13 introduced the Expanding Access to Retirement Savings for Caregivers Act... READ MORE

American workers are benefiting from higher savings account rates, a rebounding equity market and a strong employment market, but economic and financial conditions are making it hard for many to manage day-to-day finances, a new study finds. One thing that’s making it hard is inflation, which is... READ MORE

Despite widespread industry and congressional opposition, the Securities and Exchange Commission (SEC) apparently has not given up on pursuing its proposal to require open-end funds to use “swing pricing” and require a daily “hard close” for relevant funds. According to the SEC’s newly released... READ MORE

While institutional investors are decidedly bullish on bonds, private equity and private debt, what speaks volumes about their mindset heading into 2024 is the degree to which they are worried about the geopolitical landscape. According to Natixis Investment Managers’ annual survey of large... READ MORE

In a positive sign that lawmakers are committed to fixing several errors contained in the SECURE 2.0 Act, the House and Senate have just released a draft technical corrections bill, including changes to allow catch-up contributions and provide parity for Starter 401(k)s championed by the American... READ MORE

The ranking Republican member of the Senate Health, Education, Labor and Pensions (HELP) Committee has taken aim at the Department of Labor’s (DOL) proposed changes to the Qualified Professional Asset Manager (QPAM) exemption. In a Nov. 29 letter to Acting Labor Secretary Julie Su, Sen. Bill... READ MORE

The self-regulatory organization has filed with the Securities and Exchange Commission (SEC) a proposed rule change allowing broker-dealers to provide projections of performance in institutional communications and specified communications to qualified purchasers. More specifically, the proposal (... READ MORE

While contribution levels have remained consistent, a troubling trend is that many individuals increasingly have been tapping their retirement savings through hardship withdrawals or loans. This is according to the latest data from Fidelity Investments’ Q3 2023 retirement analysis, which shows... READ MORE