Retirement

A House bill aims to expand the availability of retirement plans, while in the Senate, another proposed by Senators Elizabeth Warren (D, Massachusetts) and Mike Lee (R, Utah) is focused on removing the barriers to setting aside money for retirement.

The Department of Labors fiduciary rule will be one of the market forces exerting downward pressure on publicly traded life and annuity insurers, according to A.M. Best.

The Labor Department fiduciary rule is expected to lead to increased technology budgets across the financial services industry, according to a survey by SS&C Technologies.

Complying with the Labor Department's fiduciary rule will require additional work for many financial services firms.

Advisors overall are more optimistic about the Labor Department fiduciary rule, a Schwab study shows, though they think it will increase competition, too.

Almost half of millennials surveyed said they had neither a pension nor a retirement investment account.