Retirement Regulation

The Council issued recommendations to the DOL to create a "tips document" to help fiduciaries in choosing QDIAs with lifetime income options, improve QDIA guidance, and provide for QDIAs in IRAs.

So far, 17 states have passed laws to limit environmental, social and governance investing, and there have been over 150 bills on ESG investing in 37 states.

The lawsuit alleged UnitedHealth CFO John Rex interfered with the company's decision to drop "one of the worst-performing target date options in the entire market."

Most employers understand the basics of annuities but need help getting conversational about them with employees, similarly to when target-date portfolios were first offered in 1994, according to TIAA's report.

Some of the biggest changes that employers must comply with will go into effect in 2025 – required auto-enrollment into new retirement plans, higher catch-up contribution limits, student loan payment matching and updates to long-term part-time worker retirement eligibility.

The IRS reminded account holders, and their beneficiaries, with employer-sponsored retirement plans and IRAs, of the upcoming Dec. 31 deadline — or face penalties.