Consumers Need Harmonized Fiduciary Rule

In a recent Bloomberg Law article, Jim Jorden, a partner with Faegre Drinker Biddle & Reath LLP, reviewed the Department of Labor’s (DOL) latest fiduciary effort, a proposed exemption to permit investment advice fiduciaries to get paid. With more Americans living longer and needing guaranteed lifetime income offered by annuities, this DOL effort can affect consumer … Continue reading “Consumers Need Harmonized Fiduciary Rule”

What Can Be Done For Caregivers’ Retirement Security During COVID-19?

The economic downturn triggered by the COVID-19 pandemic has impacted millions of Americans. It has also illuminated the strain on caregivers, especially women. Women have long shouldered an unequal burden of child-care responsibilities, and that trend has intensified during the pandemic. Women have also been disproportionately affected by job losses due to COVID-19, with mothers of … Continue reading “What Can Be Done For Caregivers’ Retirement Security During COVID-19?”

‘Saver’s Tax What?’ A Key Tool for Retirement Savers – Who Knew?

Since October is National Retirement Security Month, let’s hear it for everyone giving their all on the job, and saving for the day when they can finally retire. They deserve cheers — especially those earning moderate incomes.   But let’s also consider educating these workers about an important tool known as the “savers tax credit” or … Continue reading “‘Saver’s Tax What?’ A Key Tool for Retirement Savers – Who Knew?”

The Road to Economic Empowerment and Racial Equity

In today’s “get it done, what comes next” hyperspeed world, it’s not easy to find time for reflection. But from time to time we need to pause, gather our thoughts and ensure we’re headed in the right direction. Because of the coronavirus pandemic, ACLI just conducted its first-ever virtual annual conference. And after two days … Continue reading “The Road to Economic Empowerment and Racial Equity”

Financial Security for Underserved Communities

Life insurers’ most critical mission is helping people take care of those they love. Our mission has never been more important.  Our nation is grappling with three vexing and overlapping societal crises: the COVID-19 pandemic, a severe economic downturn and systemic racial inequality. Fully recognizing the magnitude of this moment in history, life insurers are doubling … Continue reading “Financial Security for Underserved Communities”

Game Changer: The Retirement PEP Rally

A critical challenge in enhancing Americans’ retirement security is expanding access to workplace retirement savings – especially for those working for small employers. In response, Congress included a pooled plan solution in the SECURE Act. With a pooled plan, most of the administrative and fiduciary responsibilities are handled by the pooled plan provider – not … Continue reading “Game Changer: The Retirement PEP Rally”