Retirement

The relief for 78,000 Americans is made possible through regulatory changes at the Education Department that make it easier for borrowers to qualify for forgiveness, bringing the president's student loan forgiveness total to $144 billion.

When managing retirement plan options, employers should prioritize generative AI, fraud/cyber concerns, inflation and a convergence of retirement planning and wealth management, according to a new Marsh McLennan report.

The DOL offers guidance to assist fiduciaries in navigating a world where cyberattacks have become more and more commonplace, but plan sponsors also need to take the necessary steps to defray unwanted liability.

The RDS program has been the go-to choice for plan sponsors who offer group coverage to retired employees, however, the Inflation Reduction Act makes it difficult now for plans to meet the creditable qualification criteria.

Target date funds are becoming a crowded space in the marketplace and managers are looking for ways to differentiate their products through personalization and retirement income, says a Mercer report.

Martin O'Malley, the new Social Security commissioner, is promising to overhaul the agency's system of clawing back $23 billion it claims was wrongly sent to beneficiaries, saying it "just doesn't seem right or fair."