In a class action lawsuit, the former employee alleges that 37% of his retirement savings were invested in BlackRock's Target Date 2045 fund, which uses ESG considerations.
After a lot of pushback from employers and retirement industry organizations on a key SECURE 2.0 catch-up contribution change for higher-income employees, the IRS announced an "administrative transition period."
The ability to fully detach from work helps employees improve their mental health, focus on personal relationships, and prioritize their own wellbeing.
Some overzealous programs could be viewed as giving a discriminatory preference to a particular minority or group, potentially leading to lawsuits from conservative activists.
China, Thailand, Hong Kong, and the UAE are collaborating to develop mBridge, a multi-CBDC bridge, that promises cross-border settlement in seconds rather than days.