Investment Instruments

Rising gas prices pushed one new estimate for retirees' annual raise to 4.2%, up from 2.8% this year.

Janus Henderson US (Holdings) Inc. has agreed to a $6.5 million settlement to resolve a proposed class action alleging that its 401(k) retirement plan improperly favored proprietary investment funds, according to filings in the U.S. District Court for the District of Colorado.

Stifel Financial violated the Employee Retirement Income Security Act by retaining two underperforming retirement plan funds, plaintiffs allege in a class-action lawsuit filed in U.S. District Court for the Eastern District of Missouri.

Overall behavior remained steady and notably disciplined during a period that could have easily triggered more reactive decision-making.

The Insured Retirement Institute says workers need more protection against outliving retirement savings.

The executive order reportedly directs Treasury to create a new website, TrumpIRA.gov, to allow workers to find private-sector plans.