Retirement Advisor

The software provider was accused of mismanaging its profit-sharing 401(k) plan and failing to fulfill its fiduciary duties by diversifying the plan's assets, which resulted in significant losses, according to the Labor Department.

Consumers brace for recession, but turn to alternative sources for financial advice - family, friends, online resources, prayer and ChatGPT, which they say will provide better financial advice than a human advisor in the next five years, says a new survey.

In the past year, criticism of environmental, social, and governance investing has become louder and increasingly politicized in the U.S. and against this backdrop, new funds have emerged, called "anti-ESG funds," says Morningstar.

A second judge ruled the DOL's 5-part test to determine what defines "fiduciary" should be struck down, which was a victory for the Federation of Americans for Consumer Choice, an advocacy group for insurance distributors.

Plan sponsors need to compare different options for delivering financial security to plan participants, including those that utilize insurance, according to new research from AllianceBernstein.

The new plan counts more payments toward a forgiveness program that kicks in when borrowers have made either 20 or 25 years worth of payments – and the administration will begin notifying eligible borrowers Friday.

The majority of pre-retirees said inflation poses the greatest immediate challenge to their portfolio over the next year, while a recession is also a factor that poses immediate challenges, according to the Nationwide Retirement Institute.

SPAs play a vital role in helping companies manage equity compensation programs, which have a significant impact on retention and overall company success – and most people who end up in the field didn't set out to do so.