PLANADVISER Weekend Newsdash
Week ending March 18th, 2016
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers. Another week of watching and we still have yet to see the final fiduciary rule language emerge from the Department of Labor. Judging by our top-clicked articles, the industry is waiting with baited breath for a final rule that will likely look a lot like the proposed version published last year. In the meantime, our weekend newsletter will help you catch up on the latest fiduciary rule expectation and speculation. 
Editor's choice
DC Plan Fees Down Another Notch
While retirement plan fee litigation seems to be heating up and up, retirement plan fees actual fell last year, as they have each year since 2010.  Read more >
TDFs Affect Retirement Plan Participant Trading Activity
Overall, 1.52% of participant balances was transferred in 2015—well below the historical average of 2.88%, thanks in large part to the ever-expanding influence of target-date funds. But does less trading overall mean less bad trading?  Read more >
Goldman Sachs Investment Management Acquires Honest Dollar
Writing the next page in the book of industry consolidation and client service technology-based acquisitions, the Investment Management Division of Goldman Sachs has agreed to acquire the web and mobile-based retirement savings platform Honest Dollar, which specializes in the start-up and micro-plan markets. Read more >
In-Person Meetings Best Retirement Plan Participant Motivator
A Lincoln Financial survey found a significant decline in participant engagement and a sharp rise in instinctive decisions in the last year—two trends tempered by the influence of in-person financial advice.  Read more >
Retiring at 75
The class of 2015 faces a retirement age as late as 75—two years later than what the Class of 2013 could expect—because of increasing student loan debt, rising rents and Millennials’ approach to money management, according to analysis by NerdWallet. Read more >
MOST POPULAR STORIES
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges

A new lawsuit suggests the individual advisory program TIAA clients were rolled into was significantly more expensive and generated hundreds of millions of dollars in fees for TIAA—without providing commensurate performance benefits.

DOL Announces Anticipated ESG Fiduciary Investing Rule

Agency leaders say the principal idea of the new proposal is that climate change and other ESG factors can be financially material and, when they are, considering them will inevitably lead to better long-term risk-adjusted returns.

Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns

The important federal benefit increases when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers, or the ‘CPI-W.’

Retirement Industry People Moves

Impax appoints Ed Farrington as head of distribution for North America; Prudential forms new Prudential Retirement Strategies business; Northern Trust appoints Gary Paulin as head of global strategic solutions; and more.

Calmer Summer Yields to Volatile Fall for U.S. Investors

Individual and institutional investors were feeling better about market risks before getting a Delta-driven reality check.

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