Defined Benefits

While AI is a powerful tool, the best approach is a hybrid one—leveraging AI for quick, data-driven insights while consulting human experts for major financial decisions, according to a new Pearl study.

The challenge is to find ways to create pension-like incentives within the context of a defined contribution retirement plan, according to the Society of Actuaries report.

The Securities and Exchange Commission has placed more restrictive regulations on asset managers that may attempt to influence shareholders with a large equity stake in a company on ESG topics.

The Labor Department was granted its motion to pause two federal court cases challenging its Retirement Security Rule, which was finalized last April and had been set to go into effect last September, but has been beset by lawsuits.

The industry nonprofit has launched a Financial Planning Hall of Fame to honor financial planners, academics and policymakers who have advanced the profession in “meaningful and enduring ways.”

After a federal judge ruled that American Airlines violated its ERISA duties by focusing on ESG factors in choosing investments, a coalition of Democratic city and state officials sent letters to the SEC and DOL, urging them to protect ESG investing.

Seven GOP-led states had filed suit against former President Joe Biden's SAVE student loan relief plan, arguing that debt cancellation should be addressed through legislation, and the judge agreed, saying “ that a taxpayer-funded bailout is blatant executive overreach."

A third of Americans don’t believe retiring in their current location makes financial sense, which is why Nationwide Financial Research’s new data can help advisors offer specific financial guidance to those in the Northeast, Midwest, West and the South.