Investment Management
Plan design features, such as auto-enrollment, auto-escalation and target-date funds, helped DC plan participants stay the course and improve retirement outcomes, according to the most recent edition of the firm’s How America Saves study.
The adoption of automatic enrollment has more than tripled...
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I think interest rates—now at historic lows—are going to remain low (perhaps with some transitory upticks for inflation) for a very long time. And that means that it will be harder, that is, it will cost more, for Americans to retire.
Here’s why.
The Impact on Retirement(s)
Let’s begin with why...
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The Department of Labor’s (DOL) newly released Spring 2021 regulatory agenda confirms that a fiduciary rule rewrite is in the works and provides other key insight for the department’s regulatory plans for the coming months.
Fiduciary Rule Recast
The 10-year saga of the fiduciary rule will...
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The Securing a Strong Retirement Act (SSRA)—a.k.a. SECURE 2.0—is wending its way through Capitol Hill. The measure contains a wide range of provisions that would affect retirement saving, plans and participants. A recent Plan Sponsor Council of America (PSCA) webinar zeroed in on some key...
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In what may be their final act teaming up on retirement security legislation, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) on May 21 reintroduced their Retirement Security and Savings Act (S. 1770).
Like the previous version introduced in the last session of Congress, the...
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Amid ongoing questions surrounding the use of private equity investments in professionally managed funds within 401(k)s, a senior Department of Labor (DOL) official confirmed that the department is conducting stakeholder outreach to assess the issue.
Speaking May 10 at the first day of EBRI’s...
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While there’s no sign of anything specifically retirement-related in the materials shared thus far, the tax plan that President Joe Biden released April 28 would impose significant tax increases on high-income earners to pay for his $1.8 trillion American Families Plan.
Detailed in a fact sheet ...
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The American Retirement Association has offered its support for newly introduced legislation that seeks to help employees save for retirement as they repay their student loans.
The Retirement Parity for Student Loans Act (S. 1443) introduced April 29 by Senate Finance Committee Chairman Ron Wyden...
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It’s back! A legislative proposal has reemerged in Congress seeking to use proceeds from a tax that would hit retirement savings to pay for making public colleges and universities tuition-free.
Sen. Bernie Sanders (I-VT), chairman of the Senate Budget Committee, and Rep. Pramila Jayapal (D-WA),...
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Legislation has been introduced in the House that would expand the options for how 403(b) plan funds can be invested. Rep. Jimmy Panetta (D-CA) introduced H.R. 2741 on April 21.
Panetta introduced similar legislation, the Public Service Retirement Fairness Act (H.R. 6257), about a year ago, on...
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Several factors are placing pressures on the U.S. retirement system, leaving the industry facing a decelerating revenue growth outlook, but a new report suggests there are “opportunities hiding in plain sight,” writes Ted Godbout in MarketBeat.
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Several states have programs up and running to make retirement plan coverage available to those whose employers do not offer it. So where do they stand? A recent report provides a look.
The Center for Retirement Initiatives at Georgetown University’s McCourt School of Public Policy in a Monthly...
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A fierce and powerful Democrat will be joining one of the Senate’s most powerful committees.
On Feb. 2, Sen. Ron Wyden (D-OR), who is the new, incoming chairman of the Senate Finance Committee, announced that Sen. Elizabeth Warren (D-MA) will join the Committee in the 117th Congress.
“I’m...
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After the economic strains of 2020—and all that has meant for retirement plans and those who serve and participate in them—there are signs of hope for 2021, said an industry expert in a recent webinar.
In the PenChecks webinar “The US Economy in 2021—Implications for the Pension Industry,” Alex...
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Democratic Governor Phil Murphy and the Democratic-controlled legislature are set to approve a $32 billion budget for fiscal year 2021 before the Sept. 30 deadline that will increase taxes on high-income individuals and reinstate a 2.5% corporate surtax to help address the state’s widening budget...
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The circumstances in which retirement plan professionals—like everyone—have found themselves spells opportunity to develop new ways of working with and serving clients. An Aug. 6 NTSA webcast offered practical ideas on how to capitalize on that opportunity and serve clients virtually—and in the...
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The stock market has been a veritable rollercoaster in the last year. Three recent studies outline some of the effects of that volatility on retirement plans.
The ride predates 2020, T. Rowe Price observes in its Reference Point Annual Benchmarking Report. It notes that in 2019, stocks...
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Legislation has been introduced in the New Jersey state legislature that would impose a tax on financial transactions—including those in your 401(k)—to fix the state’s widening budget gap.
Unlike other financial transaction tax (FTT) proposals, however, this bill takes a slightly different...
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A group of Senate Democrats is calling on the Labor Department to withdraw its proposal clarifying the investment duties of ERISA plan fiduciaries in relation to environmental, social and governance (ESG) criteria, saying the proposal would discourage financial advisors from supporting racial...
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The NTSA offers an exclusive series of podcasts — the NTSA Elite Advisor WOWcasts — recorded by NTSA Elite Advisors, sharing insights on ways to build, expand and enhance your practice.
NTSA Elite Advisors are the “best of the best” — excelling in advocacy, practice management and leadership....
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