Week ending March 3rd, 2017

NOTE FROM THE EDITOR

Happy Friday, readers! It seems hardly a week goes by during which the Department of Labor fiduciary rule doesn’t dominate the retirement industry trade press headlines. That was clearly the case this week, with the emergence of a new rule proposal aiming to delay implementation of the tighter conflict of interest standards championed by former President Barack Obama. Find our full coverage below—along with the latest features and research from our bimonthly print magazine.

Editor's choice

Experts Still Expect Private Enforcement of Fiduciary Standard

Even if the DOL leadership under President Trump declines to enforce a strict fiduciary standard, private litigators will undoubtedly pick up any slack if the administration fails to fully eliminate the Obama-era conflict of interest rulemaking. Read more >

Interpreting Recent 403(b) Litigation

Recent months have seen a wave of new litigation, against several large 403(b) plans maintained by prominent private universities. The lawsuits, which claim breaches of fiduciary duties under the Employee Retirement Income Security Act, are in some respects similar to 401(k) fee litigation cases. However, other aspects of these suits are relatively novel. Read more >

2017 PLANADVISER Micro Plan Survey

Data shows small plans are a big business. Read more >

Passing the Torch

How to start thinking about a succession plan for your practice. Read more >

Investing in Harmony

Following DOL guidance issued by the Obama administration, Millennials speak of big plans to invest in ESG strategies. Read more >

MOST POPULAR STORIES

Many Retirees Spending More Than They Expected

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

Butch Lewis Act Said to Fail to Address Multiemployer Pension Deficits

The Pension Analytics Group says the act would only temporarily mask the deficits, as opposed to reducing them and that the only solution is to reduce benefits across the board.

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.”

Bristol-Myers Squibb to Terminate $3.8 Billion Pension

It will offer lump sums to participants and transfer the remaining money to a group annuity contract from Athene Annuity and Life.

2019 Planning for DC Plan Clients

Willis Towers Watson offers nine actions for DC plan advisers to help their clients mitigate risks in 2019.

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

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

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