Retirement Regulation

Later this year, the department will likely "begin work on a more robust fiduciary definition," said ERISA attorney Fred Reish.

These areas could potentially be used as a legislative roadmap toward greater retirement security, says Senior Citizens League policy analyst.

One attorney has filed a motion before the U.S. Judicial Panel on Multidistrict Litigation to coordinate 42 class actions into multidistrict litigation in the Northern District of California. Robinhood is one of 35 defendants and their subsidiaries facing lawsuits over the Jan. 28 trading halt, according to court papers.

The Consolidated Appropriations Act of 2021 did not continue much retirement-related relief into the new year.

Of the participants offered the option to withdraw assets, a small number accessed a portion of their savings.

Look for more emphasis on decumulation, advisory industry experts say.