The White House has recently finalized a new rule by the Labor Department aimed at regulating retirement advice provided by financial professionals, sparking opposition from Wall Street. This regulation is part of broader efforts to ensure financial advisers act in the best interests of their clients, amid growing concerns over the management of retirement savings. The rule has been introduced at a time when confidence in retirement security is reportedly increasing among U.S. workers and retirees, who express a desire to save more. Additionally, discussions around enhancing Social Security benefits, the Hickenlooper bill, and ensuring equitable contributions from wealthier Americans are gaining momentum, alongside concerns about the limitations of Secure 2.0.
"More Americans are working past age 65—and that’s good news for employers," @AARP chief marketing and communications officer @MarthaBoudreau writes in a new commentary. https://t.co/R5SSmz3qIO
Pleased to share my latest out today w/ @ProSyn, examining "The Perils of Retirement in America," hope you'll have a look. @TheNewSchool @NSSRNews @NIRSonline @EBRI @EconomicPolicy @PensionRights @ProtectPensions @UChicagoPress #retirement #pensions #workers #SocialSecurity https://t.co/CxItOYipCG
Is your financial adviser on your side? There are new rules for managing retirement savings — why investors should care. https://t.co/8FfMLwpePq
Is your financial adviser on your side? There are new rules for managing retirement savings — why investors should care. https://t.co/7CINR9cxRi
I’ve worked with a lot of individuals persuaded to move their retirement out of an employer’s plan that was serving them well. A new Labor Department rule wants to ensure financial professionals are acting in the best interest of clients. https://t.co/oZ4y3gdtOk
Important column by @SingletaryM of the @washingtonpost on @USDOL's new rule to protect Americans' retirement savings. @MicahHauptman of @ConsumerFed points out that without the rule "“A person could receive a much larger commission for recommending one product over another,…
U.S. workers, retirees feel better about retirement, but want to save more – survey https://t.co/ocXqxgw5PY via @pensionsnews
Are we on the verge of flash crashes, asks @shuli_ren? These carry trades are too lucrative for comfort https://t.co/RKXYOnK2Up via @opinion
"The Hickenlooper bill would do more to boost retirement income security for working people who need the most help, and certainly for all the people left behind by Secure 2.0. In addition to these important reforms, we also need Social Security expansion." https://t.co/S8dbSkTPuV
Retirement confidence in the US ticks up; new rule for financial advisers is set to start https://t.co/t9UmFzNJxE by @KerryHannon
A brisk new trade in the financial futures of millions of retirees is unnerving some US workers, regulators, and politicians who worry that private equity firms will invest corporate pensions recklessly. New from @lizrhoffman in Semafor Business: https://t.co/C0BMXIwWDT
It’s clear – the vast majority of Americans agree that the wealthy should pay their fair share. We can enhance benefits and extend the program's solvency by ensuring the wealthy pay into #SocialSecurity like everybody else. It's time to pass Social Security 2100! https://t.co/CYxwZOcVJ2
Workers Need Both Retirement Savings (RSAA) And Social Security via @forbes https://t.co/ovJEm6463c
Retirement confidence in the US ticks up; new rule for financial advisors is set to start https://t.co/QXV8grsMF3 by @KerryHannon
NOT SO GOLDEN YEARS: The White House has finalized a new rule to crack down on retirement advice given by financial professionals — and Wall Street is already fighting back. Everything to know: https://t.co/Furgvqukeq https://t.co/NohenCslaI