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Risk Management

Until recently, the federal law governing most private retirement was seldom a subject of national headlines—let alone the subject of an Instagram reel by the Speaker of the House.    But Speaker Kevin McCarthy and others have proclaimed that it now allows investment managers for many workplace... READ MORE
Today is Valentine's Day — and, as usual, there’s been the typical seasonal promotions for flowers, candy, and even pajamas.  I’ve been pretty good over the years remembering those type events — anniversaries (wedding AND dating), birthdays and, yes — Valentine’s Day. But sometimes the time gap... READ MORE
The SPARK Institute recently updated its Industry Best Practices for Cybersecurity and released a new Plan Sponsor & Advisor Guide to Cybersecurity to accompany it. As part of its efforts to help strengthen cybersecurity throughout the retirement industry, the organization’s Data Security... READ MORE
After a year of solid gains, price declines and turbulence in bond and equity markets took a heavy toll on defined contribution investment-only (DCIO) assets in the first half of 2022, according to an annual study of the DCIO market. Now in its 16th year, Sway Research’s “The State of DCIO... READ MORE
As if there wasn’t enough to worry about regarding retirement—a new research paper suggests we’re not worrying about the “right” things. More precisely, that paper, published by the Center for Retirement Research at Boston College, was titled, “How Well Do Retirees Assess the Risks They Face in... READ MORE
One of the keys to financial security in retirement is behavior; in particular, before retirement—and the earlier the better. According to John Iekel in MarketBeat, that was the underlying message of an expert panel in a webinar concerning retirement readiness. READ MORE
Consumers and financial professionals are worried about the impact that inflation, market trends and a possible recession will have on spending power in retirement, according to the results of a new survey.    In fact, the Protected Retirement Income and Planning Study by CANNEX and the Alliance... READ MORE
Hawaii has joined the states that provide retirement plan coverage for private-sector employees whose employers do not offer one—and with a twist. Gov. David Ige (D) signed legislation creating the program into law on July 12. It went into effect immediately.  The program has two unique features.... READ MORE
There is growing interest among plan sponsors in offering a retirement income solution. But how does a DC plan sponsor go about choosing the right one? To assist in evaluating suitable product options, Russell Investments has put together a Retirement Income Buyer’s Guide for DC Plans. The guide... READ MORE
A key House Republican has released a discussion draft of financial data privacy legislation that could impact how retirement plan providers and administrators collect and share consumers’ personal information.  Rep. Patrick McHenry (R-NC), who serves as the top Republican on the House Financial... READ MORE
Hurricane season is looming on the horizon, but that is just one of the natural disasters that can affect a retirement plan and its sponsor. The IRS has issued some tips to aid in being ready for any eventuality.  Documents  Place original documents inside waterproof containers in a secure space... READ MORE
Spurred by the recent cryptocurrency “compliance assistance release,” nearly a dozen industry trade groups—including the U.S. Chamber of Commerce—have expressed concern about “a trend at EBSA away from rulemaking based on a robust notice and comment process.” While the cryptocurrency CAR may have... READ MORE
While few target date funds currently include strategies to reduce volatility with the ability to enhance returns, which are principles of stable value, there appears to be significant interest in features that can do both, according to MetLife’s 2022 Stable Value Study.  If a TDF provider could... READ MORE
A new study identifies a set of scorable retirement income factors that can help define preferences for an overall retirement income style, which can point toward an appropriate retirement income strategy. In MarketBeat, Ted Godbout writes that the researchers explain how they developed a... READ MORE
A couple of Saturdays back I discovered that one of my online accounts had been “hacked,” writes Nevin E. Adams, JD in MarketBeat; he discusses the importance of taking steps to make sure such breaches don’t happen.  READ MORE
If the threat of a cybersecurity breach wasn’t enough cause for concern to take action, an inquiry by the Department of Labor might do the trick.  “We can confirm that the DOL has begun issuing information and document requests under this new initiative, and the requests are probing and indicate... READ MORE
In a recent webinar, an industry expert offered some insights on cybersecurity in light of the Department of Labor’s (DOL) recent guidance on cybersecurity.  Speaker Mark Strosahl, Business Information Security Officer at Principal Financial, set the table by noting that Infosecurity Magazine has... READ MORE
Tech Talk discusses some terms that the Department of Labor suggests including in a contract with a cybersecurity service provider. READ MORE
Tech Talk discusses some best practices for reducing the risk of fraud and loss to retirement accounts.  READ MORE
Editor’s Note: This is the fourth in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here; the third is here.  The Department of Labor’s Employee Benefits Security... READ MORE