Brian Croce

More than a third of the U.S. Senate on April 17 co-sponsored a resolution to overturn the Securities and Exchange Commission's new public company climate disclosure rule.

The U.S. economy is back on its pre-pandemic growth track, as indicated by strong labor market and gross domestic product figures, but with inflation

View Key Data: Goldman Sachs Group Executives at two major financial institutions on April 18 said the private credit market currently poses

View Key Data: South Carolina Retirement Systems South Carolina Retirement System Investment Commission, Columbia, committed $275 million

The Department of Labor on April 23 finalized its much-anticipated fiduciary investment advice rule with the aim of modernizing protections for retirement savers, though not all stakeholders think it will help.

Under the Retirement Security Rule and related amended prohibited-transaction exemptions the department finalized, investment advice providers must adhere to high standards of care and loyalty when they recommend investments and avoid recommendations that favor the providers' interests at the retirement savers' expense. The rule, which takes effect Sept. 23, covers one-time advice, such as rollovers to individual retirement accounts or annuity purchases.

Pension Benefit Guaranty Corp. Director Gordon Hartogensis will leave the agency when his term ends on April 30. Get FREE access now!

The Department of Labor is out with a new fiduciary investment advice rule that make it so one-time advice, such as rollovers to individual retirement accounts or annuity purchases, must be in the investor's best interest.

The Department of Labor's new fiduciary investment advice rule will be challenged in court, according to stakeholders with competing views and interests.

Federal Reserve officials on May 1 held interest rates steady days after a key inflation gauge showed a higher-than-expected increase.