April 6th, 2017

DOL Delays Fiduciary Rule by 60 Days The Department is making the move in response to the Trump memorandum. Read more > Consumer Groups Vow to Continue Fighting for Fiduciary Rule Their “Retirement Ripoff Counter” shows that without the protections of the fiduciary rule, investors are losing $1.9 million an hour, $46 million a day—and $17 billion a year. Read more > EBRI Calls for Auto Plan Portability If workers could automatically roll their 401(k) plan over to a new employer, the Institute says this could generate an additional $2 trillion in retirement savings. Read more > Majority of Plan Auditors Handle Five or Fewer Audits This lack of experience can lead to mistakes, ERISApedia.com says. Read more > MOST READ ARTICLES 1 The 2022 Retirement Landscape Takes Shape 2 Employees Favor Retirement Plans That Substitute Annuities for Bonds 3 NFP’s Wealthspire Acquires Private Ocean 4 Plaintiffs File ERISA Excessive Fee Lawsuit Against VCA 5 Retirement Industry People Moves

HSA Use Growing Although more people are enrolling HSAs today, misconceptions still hold back many from making the most out of these accounts. Read more > Americans Lack Knowledge in Financial Literacy A survey found, among other findings, that 40% of respondents have little knowledge about inflation, 38% have no familiarity with compounding, and 16% cannot make a decision whether they would choose a higher or lower interest rate on their mortgage. Read more >

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