Blogs

As of May 2022, annual inflation hit 8.6%, and the Fed hiked interest rates by .75%, begging questions about the future of CRE and equipment loans. Find out more as we pick apart CRE loans, diving into what business leaders across all branches of industry need to know moving forward. For those looking to expand or even break ground, understanding how inflation and rising rates will affect your CRE and equipment loans is crucial to financial success. Everyone has felt inflation's sting in one way or another. Supply chain issues persist in the waning days of the pandemic; meanwhile, the...

Nearly one-third of retirement plan recordkeepers expect to increase their cybersecurity staff, according to a recent survey. According to findings in the latest Cerulli Edge U.S. Retirement Edition, the threat of retirement account fraud has increased in recent years — particularly during the remote work environment. As a result, 31% of plan recordkeepers intend to increase staffing capacity to address cybersecurity initiatives. According to the Cerulli report, the Internet Crime Control Complaint Center of the Federal Bureau of Investigation reported 791,790 cybercrime complaints in 2020 — a...

A survey of fiduciary liability insurance carriers offers insights on prioritizing and managing fiduciary duties. In the spring of 2021, Aon Investments surveyed 12 top carriers for fiduciary liability insurance to better understand how plan management typically impacts pricing for fiduciary liability insurance. The ultimate goal was to identify the biggest sources of fiduciary risk within the control of fiduciaries for Employee Retirement Income Security Act of 1974 (ERISA) defined benefit and defined contribution plans. Survey findings were published in Aon’s July 2021 white paper, “ What...

A recent survey sheds light on the state of financial wellness since the pandemic. According to the TIAA 2022 Financial Wellness Survey, Americans currently define financial wellness as simply feeling comfortable with their financial situation. Over 50% believe wellness is defined as having the means to take care of family, not worrying about money or debt, and feeling protected financially from life’s unexpected events. In fact, 51% of Americans are now more aware of their overall financial wellness since the pandemic. Over the past two years: 37% say their financial wellness increased 42%...

Try these morning rituals to get your day off to the right start. What’s your current morning routine? Maybe it goes something like this: mutter an expletive as the alarm goes off, begrudgingly pull yourself out of bed, throw on a robe and take the dog out, while suddenly realizing that you forgot to set up the coffee maker last night (again)? Or maybe it’s something like this: you don’t mutter an expletive at the alarm clock (because you already woke up at 4 a.m. and couldn’t go back to sleep), pour yourself some coffee (because you did remember to set it up last night), turn on the news...