Retirement

Senator Elizabeth Warren wants to know what safeguards the plan provider will put in place to protect 19 million participants who choose to invest in private markets, in letter to Empower’s CEO.

Larry Fink, CEO of the world’s largest asset management firm, supports the $1,000 “Trump Accounts,” a provision in the One Big Beautiful Bill.

The Guiding and Establishing National Innovation for U.S. Stablecoins Act for the first time establishes federal guardrails for stablecoin, which are digital assets pegged to the U.S. dollar designed to maintain a stable value that would be under regulatory supervision.

A federal court overruled the Pension Benefit Guaranty Corporation’s decision not to offer financial assistance to the bakery fund, but it now opens the door to 100 other previously ineligible pension plans to apply for special financial assistance, says the risk advisory letter.

Weeks after the Department of Labor rescinded its crypto guidance warning for 401(k) plans, four Senators sent a letter to Labor Secretary Lori Chavez-DeRemer, urging her to reinstate that guidance “to ensure retirement security for millions of hardworking Americans.” 

That’s one year sooner than previously forecast, according to the just-released Social Security Administration’s annual Social Security and Medicare Trustees Reports, which urge lawmakers to “quickly enact legislation to make the necessary adjustments.”