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An end to conflicted investment advice?

An end to conflicted investment advice?

A proposed regulation takes steps toward protecting 401(k) and IRA investments.Read our statement.
New law allows cuts to retiree pensions

New law allows cuts to retiree pensions

A new law allows cuts to retiree pensions. Will you be affected?Read our summary
Karen Friedman discusses retiree pension cuts on C-SPAN

Karen Friedman discusses retiree pension cuts on C-SPAN

Karen Friedman takes Q&A about retiree pension benefit cuts on C-SPAN's Washington Journal.Watch now.
States get in on the action

States get in on the action

Illinois becomes the first state to offer automatic retirement savings plans to workers. Learn what other states are up to. Read the fact sheet

Latest News

Which are the best countries in the world to grow old in?

Pensions and healthcare benefits vary widely across the globe as do people’s perception of their happiness

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DOL Fiduciary Re-Proposal Fires Up Foes, Supporters, as They Brace for Battle

Opponents and supporters of the Department of Labor's fiduciary rule began gearing up for battle as soon as President Barack Obama said that he was throwing his support behind it.

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DC execs expecting big changes from Obama push on fiduciary standard

With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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Can They Grab Your Pension?

Clawbacks become more common as plans discover they overpaid recipients.

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Participants Need Better Information When Offered Lump Sums That Replace Their Lifetime Benefits

Since 2012, a number of large pension plan sponsors have given selected participants a limited-time option of receiving their retirement benefits in the form of a lump sum. Although sponsors' decisions to make certain lump sum “window” offers may be permissible by law, questions have been raised about participants' understanding of the financial tradeoffs associated with their choice. More...

A common-sense update

President Obama calls for new consumer protections

At a briefing hosted by AARP yesterday, I had the privilege of watching President Obama announce his support for a proposed rule to put a brake on conflicts of interest in investment advice for retirement acco More...

Groups Debate Effects of Plan Fee Litigation In Competing Supreme Court Amicus Briefs

The effect of plan fee litigation on workers’ retirement savings has sharply divided various industry groups, which filed competing amicus briefs with the U.S. Supreme Court in an upcoming case involving Section 401(k) plan fees (Tibble v. Edison Int’l, U.S., No. 13-550, arguments scheduled 2/24/15).

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Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule

Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule

Take two. President Barack Obama today called on the Department of Labor to move forward with a proposed rulemaking to require retirement advisers to put their clients’ best interest before their own profits. It’s a rewrite of the dropped 2010 rewrite of the 40-year-old fiduciary rule. (The 2010 rewrite was withdrawn in 2011 amidst industry furor.)

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Justices Wrestle With Monitoring Duties Of 401(k) Fiduciaries During Oral Argument

Whether 401(k) plan fiduciaries in monitoring investments must look for cheaper options was the question dividing justices and litigants when the U.S. Supreme Court heard oral argument Feb. 24 in a case involving the time frame in which plan participants can challenge their plan's investment options.

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Retirees Facing Severe Pension Cuts [VIDEO]

Whit Wyatt of Washington Court House worked as a teamster truck driver for 33 years. Now Whit and his wife Barb have a comfortable retirement living on Whit's teamster pension and social security. But Wyatt is one of hundreds of thousands of union retirees who may soon see severe cuts to their monthly pension checks.

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