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
Fidelity Faces a Myriad of Allegations in New ERISA Lawsuit

In addition to self-dealing allegations, the complaint calls out Fidelity for not negotiating revenue sharing refunds for its 401(k) plan participants and not considering stable value options for its plan investment lineup, among other things.

Education About Tax Treatment and Fees Could Boost 401(k) Participation

Findings from a Capital One survey about why employees do not participate in their employer-sponsored retirement plan offers opportunities for education, according to Stuart Robertson.

AARP Launches Social Security Resource Center

The new website is designed to be a one-stop place for investors and retirees to have their Social Security retirement questions answered, including when to claim.

Open MEPs Could Create Many Opportunities for Advisers
Should Congress or federal regulators eliminate the common nexus and bad apple rules that have held back open multiple employer plans, experts anticipate many more small businesses will jump in.
Retirement Industry People Moves

Voya hires regional sales vice president; Northern Trust names former employee its new strategy director; Broadridge announces a series of changes to its global operations team; and more.  

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

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

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