Retirement Trends

Fiserv CEO Frank Bisignano's nomination was advanced by the Senate Finance Committee, despite strong opposition from Democrats who voiced concerns over his relationship with DOGE officials.

Given the steep plunge in Tesla shares this year, the AFT President is urging money managers to "safeguard retirement assets" and urgently review their current holdings in electric car Tesla, which is a target of political protests amid growing animosity for the brand.

Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties," however, district courts issued split rulings on these 2 cases.

Larry Fink, CEO of the world's largest asset management firm, said "unlocking private markets" is key, and asks investors in his annual letter, "If private assets perform so well, why aren't they in your 401(k)?"

Amid recent Social Security uncertainties, employers and plan sponsors might need to ramp up efforts to secure their employees' financial futures.

The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target date funds, according to the class action lawsuit filed by plan participants.