Still, the good news seems to be driven mostly by the falling fortunes of boomer men, since they had long bouts of unemployment during the Great Recession, according to a new report.
SECURE 2.0 includes changes to retirement plans that will push up the age investors are required to start withdrawing from their 401(k)s to 73 in 2023 (from last year's 72).
While the ABA opposes a fiduciary role, Schroders has supported lobbying for it by the Association of Institutional Investors, whose members oversee more than $10 trillion in mutual funds, pensions and other accounts.
Western Asset Management Co., a unit of Legg Mason Inc., will pay more than $21 million to settle charges of defrauding clients.
DebugScreen: mobile
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