Retirement Benefits Adjustment Upheld by Court: Key Insights
Court rules on retirement benefits adjustment, setting a key precedent for regulatory compliance in annuity payments and QDRO interpretations in ERISA cases.
INVEST Act Advances to Enhance 403(b) Retirement Plan Options
Bipartisan INVEST Act advances to House, expanding 403(b) access to collective investment trusts and annuity options, enhancing retirement security and reducing costs.
Willis Towers Watson in Talks to Acquire NatWest-Owned Retirement Platform Cushon
Willis Towers Watson is in advanced talks to acquire Cushon, NatWest's workplace retirement platform managing £3.7bn assets, signaling consolidation in pension services.
Federal Judge Allows Lawsuit Against Bank of America Over 401(k) Vesting Practice
Federal judge permits lawsuit alleging Bank of America's 401(k) forfeiture policy breaches federal vesting laws, spotlighting retirement plan compliance.
DOL Proposes Rescinding Regulatory Safe Harbor for Retirement Annuities
The Department of Labor proposes rescinding a regulatory safe harbor for annuity selection in retirement plans, raising fiduciary concerns and market impact ahead of SECURE 2.0 implementation.