The payout ranks among the middle tier of settlements reached by other asset managers in similar lawsuits.
The secretary of the commonwealth is proposing a fiduciary standard in response to an SEC investment-advice rule he views as too weak.
The overall savings rate has hovered around 10% of income for the past decade and a half, despite improvements in plan design.
The outcome could have big implications for 401(k) disclosures made to employees.
Advisers think the law, which goes into effect July 1, will result in higher costs for investors.
Center for Economic Justice argued in a comment letter to the NAIC that insurers are incentivized to develop indexed annuities with disingenuous product illustrations.
Just one in five employers solicits HSA rollovers from new hires, which could have negative consequences
The high court could have a significant impact on how such retirement plan suits involving company stock play out.
The regulation can't mirror the SEC's advice rule, but could borrow many of its key concepts.
Individuals without a securities license are increasingly, and unlawfully, soliciting business.
