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The guidance asks fiduciaries of retirementplans to remember their main responsibility: act solely in the financial interests of plan participants and adhere to an exacting standard of professional care. For example, as I write this article in May of 2022, Bitcoin has fallen over 50% since its high in November of 2021.
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Here’s how employers can help. What can employers do to help their teams? At every budget, there are ways institute financial wellness programming and resources, whether it be tax filing workshops or retirementplanning seminars. . Here’s how employers can help first appeared on Best Money Moves.
Employers cannot afford to bank on an improving economy reducing employee financial stress. Of that group, only about half (54%) believe there is a promising future for them at their employer, compared to 69% who feel more financially secure. 45% say they are worse off financially than five years ago.
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Access the article. This client alert highlights key updates from Canada, the European Union, the United Kingdom, Brazil, and other jurisdictions, and recommends steps companies should take to address them.
The platform covers a wide range of financial topics, from budgeting and saving to investing and retirementplanning. LearnLux also offers a library of educational resources, including articles, videos, and interactive tools, to further enhance employees’ financial literacy. Employers benefit from LearnLux as well.
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