News

Callahan Financial, Richard Bernstein and other registered investment advisors made untrue or unsubstantiated claims or lacked required disclosures, according to the Securities and Exchange Commission.

In a report released last month, the Government Accountability Office estimated that about 10 million borrowers – more than one-quarter of the total – were behind on payments as of the end of January.

The aging of the population has stabilized employer plan numbers for people over 65.

Per-employee spending for the other 90% has been flat since 2012.

They softened a fiduciary analysis provision for ERISA plans but want parity provisions in TPA agreements.

The Internal Revenue Service and the Department of the Treasury are requesting comments on this new SECURE 2.0 provision, which takes effect in 2027, that will provide low-income employees with an annual $1,000 match.