PLANADVISER Weekend Newsdash
Week ending January 8th, 2016
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers. It may be a new calendar year, but the professionals running retirement plans are still concerned with the same serious fiduciary risks that have long-troubled the 401(k) industry. They’re also facing renewed rounds of market volatility and a global economic picture that has many worried about what comes next. Whatever happens in 2016, stick with www.PLANADVISER.com for the latest news and breaking information.
Editor's choice
'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. Even more concerning, he says, “there’s no plan design panacea that will prevent all possible challenges. It’s unpredictable who will get sued.” Read more >
Bob Doll Peers Into His Crystal Ball for 2016
Recent equity price swings aside, Bob Doll predicts the economy will keep on muddling through in 2016; investors will have to jump some hurdles, but there is still room for optimism. Read more >
A New Look at Social Security Income Replacement Rates
The Congressional Budget Office has performed a new analysis of pre-retirement income replacement rates limited to workers’ “last five years of substantial earnings, adjusted for growth in prices.” Not as grim as other analyses, the report still shows many will have to save much more for a comfortable retirement.  Read more >
PPA Vision of More Informed Investors Has Progressed
A short series of papers published by Vanguard shows knowledge of investing principles and fund features directly impacts the likelihood of investing success, even in product categories designed to put most decisionmaking in the hands of professionals. Read more >
Clients Will See Little Effect from SEC Liquidity Risk Efforts
The agency explains that it is proposing a new rule 22e–4 under the Investment Company Act, which would require mutual funds to establish liquidity risk management programs. Read more >
MOST POPULAR STORIES
Many Retirees Spending More Than They Expected

However, retirees spend 32% less than non-retirees.

First Deadline Looming for SEC Electronic Disclosure Compliance

When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period that starts in January, during which "funds that choose to implement the new delivery method for shareholder reports provide prominent disclosures in prospectuses and certain other shareholder documents that will notify investors of the upcoming change in transmission format.”

Progressive Plan Design Features Have Moved Down-Market
These are streamlining plan administration, increasing investment diversification and improving participant outcomes.
MetLife Pension Calculations Questioned in ERISA Complaint

The complaint suggests MetLife is failing to meet its obligations to ensure different annuity options offered to pension plan participants are actuarially equivalent default benefit, as required under ERISA.

Employee Knowledge Levels Indicate Need for Financial Wellness Education

Employees expressed concerns about budgeting, health care and emergency funds, and low levels of knowledge about financial and retirement topics were reported.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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