About 67 percent of people with household annual income between $30,000 and $100,000 have made at least one ‘really bad financial decision.’ Those stumbles cost families an average $23,000.
Articles by Mark Jr.
The financial industry and members of both parties of Congress have urged the agencies to combine their efforts and “harmonize” the controversial rule making in order to produce consistent guidance for investment firms.
The U.S. Labor Department first proposed an enhanced fiduciary-duty rule in October 2010, citing the need to update federal retirement law to improve the protection of millions of 401(k) and individual retirement account investors from tainted advice.
Putnam Investments’ Robert Reynolds laid out a three-point plan—making Social Security solvent, providing employer savings programs to everyone who pays Social Security taxes and raising workplace savings rates to 10 percent—that he said should be addressed in every federal campaign.
At a House hearing, neither Dems nor Republicans seemed eager to tinker with main selling point of 401(k)s and IRAs.
In its latest timetable for implementing the Dodd-Frank financial reform law, the commission put fiduciary duty on the list of rules labeled ‘dates still to be determined.’ Many other rules are designated for release during specific time periods.
Among other things, the National Association of Plan Advisors plans to fight to keep tax breaks for retirement savings.
The food and facilities giant improves hiring speed and quality by building a “recruitment culture” that makes talent scouts of all of its employees.
The drugstore chains forges alliances with government agencies and nonprofits that help meet business needs and also serve the communities in which it operates.
A far-reaching initiative centralizes HR operations for three dozen federal agencies, eliminating duplication of effort and strengthening recruitment and succession planning.