Retirement Plans
Australia's CareSuper and Spirit Super will merge to create a roughly $29.9 billion superannuation fund, the plans said in a joint statement.
Dutch sponsoring employers and pension fund providers can switch assets to defined contribution plans after the Senate approved a new law.
Pennsylvania's House of Representatives passed a bill that would create the Keystone Saves Program, a state-run automatic IRA program.
China's private pension system has been "slowly gaining traction," due to unattractive tax benefits and other issues, according to Morningstar.
The Internal Revenue Service has raised the annual contribution limit to a health savings account to $4,150 for an individual and $8,300 for a family.
Australia's Cbus Super will look to manage half of its portfolio in-house by 2027 while strengthening partnerships.
The Minnesota Senate passed a bill that will create a state-run retirement program for employers that do not currently sponsor their own plans.
Cbus Super has become a $54 billion superannuation fund after completing a merger with EISS Super.
Americans' insufficient retirement savings could cost state and federal budgets $1.3 trillion over the next 20 years, according to a Pew study.
Bill requires employers without plans to enroll workers in federal plan.
