With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
A House bill aims to expand the availability of retirement plans, while in the Senate, another proposed by Senators Elizabeth Warren (D, Massachusetts) and Mike Lee (R, Utah) is focused on removing the barriers to setting aside money for retirement.
The Labor Department fiduciary rule is expected to lead to increased technology budgets across the financial services industry, according to a survey by SS&C Technologies.
Advisors overall are more optimistic about the Labor Department fiduciary rule, a Schwab study shows, though they think it will increase competition, too.
As trade groups for fixed indexed annuity providers challenge the Labor Department's fiduciary rule in court, at least one insurance company is adjusting its FIA product lineup.
Millions of retirement savers may actually lose money by not rolling over assets from 401(k) plans to IRAs, according to research from the American Action Forum.