Retirement

The new fiduciary rule, which mainly applies to 401(k) plans, expands the definition of fiduciary advice to HSA providers or employers, who should avoid recommending how account holders should invest their funds.

Financial advisers will play a critical role in educating plan sponsors, who have been a little reluctant to put annuities inside of a 401(k) plan until SECURE 2.0 now makes it more advantageous for employers, says trade group LIMRA.

It's been 50 years since the passage of the Employee Retirement Income Security Act of 1974, and while experts agree the law has been beneficial to retirement savers, many say it also contributed to a decline in pension plans.

More than half of both Gen Z and millennials say they are excited about AI and generative AI tools that could benefit their financial lives.

Many firms have some misconceptions about the costs of offering and administering a retirement plan and were not aware that they can claim a tax credit of up to $5,000 for 3 years to help offset the start-up costs, says a new study.

Since employees generally go along with most retirement plan provisions, adding plan design features, such as auto-enrollment and auto-increase, are some of the fastest ways to help boost participation rates, says a new survey.

The wealth management firm breached its fiduciary duties because of the "systematic efforts on TIAA's part to drive members from their ERISA plans and into TIAA-sponsored offerings," ruled a New York District Court Judge.

Brokers and distributors predict chaos. CMS asks why they took so long to sue.