Retirement Regulation

On Wednesday, the Federal Reserve left its benchmark interest rate unchanged – in the 5.25%-5.50% range – for the second meeting in a row.

The Labor Department proposed new rules on Tuesday that would ensure financial advisors make recommendations "in the saver's best interest" and not sell them lower-returning products in order to maximize their own fees.

Aside from the wealth of provisions offering everything from tax credits to reduced administrative burdens, the new law will be critical in building savings for part-timers, nonprofit workers and those saddled with student debt.

The stimulus checks landed automatically in beneficiaries' mailboxes or bank accounts in 2020 and 2021, but now, the SSA has been sending notices in an attempt to claw back $21.6 billion in "overpayments."

Litigation is on the rise around employer retirement plans, so an understanding of the most common mistakes made by others is a great way to avoid losses for both your employees and your organization.

The repeated use of small loans by participants to cover immediate expenses is draining retirement funds, however, implementing an emergency savings program is one way employers can help address this issue, says a new report.

Citibank's Diverse Asset Manager Program has received approval from the DOL to offer guidance to other firms if they wish to pursue DEI initiatives while working with service providers in ERISA-compliant retirement plans.

A House panel has scheduled a hearing next week to review the SSA's "overpayment" process, after it was revealed that the agency clawed back $4.7 billion in overpayments, while another $21.6 billion remains outstanding.