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The American Council on Life Insurers and eight other insurer groups are still seeking an injunction against the Department of Labor's controversial new Retirement Security rule, set to go into effect September 23.

Despite 47% of employees feeling financially well, there is still lingering concern over inflation, which is why employers need to implement retirement education programs and offer online financial tools, says a new report.

While Congress is interested in making it easier for employers to offer pension plans since DC plans might not provide enough retirement income, employers need to think "more holistically" about programs, says NIRS.

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.

Since 2012, every state except Alabama has either enacted or introduced legislation that would establish state-facilitated retirement savings programs, and 10 states already have fully operating auto-IRAs.

The American Council of Life Insurers and others are seeking to overturn the fiduciary rule finalized last month because it "undermines the expertise of state authorities who are responsible for overseeing annuities."

Women earn less than men, often take time away from work for caregiving and live longer, which is why they say Congress needs to shore up Social Security and employers should contribute more to their plans, says a new survey.

Just 31% of Americans believe they are on track with retirement savings, and this only increases to 40% for those who are 60 or older, according to economist Kathryn Edwards on the National Institute on Retirement Security's webinar.