The legislation improves benefits for public service retirees but raises concerns over Social Security’s solvency. President Biden signed the Social Security Fairness Act this past weekend. The legislation…
Read MoreRetirement Plans
Labor Department Launches Online System for Abandoned Plan Program
The new platform simplifies the benefit distribution process for retirement plans abandoned by sponsoring companies. The Department of Labor announced that the Employee Benefits Security Administration has introduced…
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House Judiciary Chair Requests Details on Companies’ Environmental Goals
Representative Jordan wrote to 130 investors regarding ESG in money management. House Judiciary Chair Jim Jordan wrote letters to 130 investors, requesting an explanation for their proposed environmental,…
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SEC Launches Campaign to Promote Investor Protection
The educational initiative is meant to help investors avoid scams. The Securities and Exchange Commission’s Office of Investor Education and Advocacy has launched a public awareness campaign called…
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Treasury Department Requests Public Comment on Financial AI Policies
The agency seeks to increase understanding of current AI use within financial services. The Department of the Treasury recently released a request for information and insight on the…
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DOL Requests Public Input on Retirement Plan Disclosures
Federal agencies are looking at how many and how often workers receive retirement disclosures, as well as their effectiveness. The Department of Labor announced that the Employee Benefits…
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Administration Updates Rules on Junk Fees in Retirement Planning
SEC regulation will close loopholes allowing advisors to recommend products that do not offer benefits. President Joe Biden and administration officials have announced tightened rules to clamp down…
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SEC Chair Warns of AI Threat to Financial Systems
Investment advisors should not overly rely upon artificial intelligence for financial data interpretations. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently warned of the current risks artificial…
Read MoreSuit Filed to Block ESG Investing Rule
25 state attorneys general filed to stop progressive governance over retirement plans. Utah and Texas led a court filing signed by 25 states, requesting that a federal judge…
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President Vetoes Bill on ESG Investing
The legislation would have reversed the Labor Department rule. “I just vetoed my first bill,” President Biden announced Monday. The Labor Department had previously issued a rule allowing…
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