Tools, Training to Address DOL Fiduciary Definition
A DALBAR training program anticipates the best interest contract (BIC) exemption.
News
Court Rejects Excessive Fee Claims Against Principal
Among other things, the 8th Circuit found Principal’s adherence to its agreement with a plan sponsor does not implicate any fiduciary duty.
JP Morgan Will Pay $150 Million Over Risk Disclosures
Retirement plans across the U.S. argued they were misled about the riskiness of funds exposed to the firm’s much-maligned “London Whale” trading losses in 2012.
Most Americans Rely on Their Spouse for Retirement Advice
The next most common resource is their financial adviser, a John Hancock survey finds.
The Stable Value Conundrum
Why do so few DC plans offer stable value funds on the investment menu?
Effects Clients Will See from SEC Liquidity Risk Efforts
John Hollyer with Vanguard sees the SEC’s new efforts having a minimal effect on retirement plan investors.
Social Media Attitudes Shifting Among Advisers
As financial services companies enter the new year, LIMRA finds their use of social media is rapidly shifting to include more business development.
PBGC Releases Modified Reportable Events Forms and Instructions
On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation about reportable events.
IRS Guidance Shows Anticipation of Pre-Approved 403(b) Plans
The IRS has issued updated procedures for requesting letter rulings and has made changes to VCP fees.
Bob Doll Peers Into His Crystal Ball for 2016
The economy will keep on muddling through; investors will have to jump some hurdles, but Bob Doll says there is still room for optimism.
Client Motives Differ in Broad Financial Wellness Trend
Driven both by employer paternalism and pragmatism, financial wellness programs are rapidly expanding among U.S. companies, according to Aon Hewitt.
Individuals Want Help with Current Financial Challenges
A long-term financial plan must take into account financial bumps along the way.
Fidelity Launches Personal Retirement Score
On a scale of zero to 150, the score lets people know how well prepared they are for retirement.
Percentage Able to Afford Essentials in Retirement Rises
Forty-five percent can meet these expenses, up from 38% two years ago, Fidelity says.
'Largely Unpredictable' Which Clients Could be Sued by Participants
One attorney specializing in ERISA litigation suggests the pace of lawsuits has increased fairly substantially in the last year, with signs of even more momentum in 2016.
Money Is No Longer Top Resolution
Most cite appreciating family, enjoying life and losing weight as January 1 goals.
Retirement Industry People Moves
Arnerich Massena transitions some of its plan services business line to SageView Advisory; new hires at Macquarie Group and more.
IRS Issues New User Fee Schedule for Employee Plans
The agency has added references to 403(b) pre-approved plans in its user fee guidance.
New Year Brings Familiar DC Plan Litigation Actions
Two new large retirement plan fee complaints have already emerged in the first week of 2016, highlighting the substantial amount of fiduciary litigation risk still faced by plan...
A New Look at Social Security Income Replacement Rates
A new analysis suggests new numbers for pre-retirement income replacement from Social Security benefits.