PLANSPONSOR Weekend Newsdash
Week ending April 29th, 2016
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers! This week’s mailing takes a timely look at the Securities and Exchange Commission’s ongoing money market fund reform. Major changes are slated to take effect later in 2016, SEC leadership warns, meaning advisers and their service provider partners should already be moving to address the reforms. Below you’ll find our recent reporting on the reforms and their likely impact on retirement plan investment menus. 
Editor's choice
SEC Adopts Money Market Fund Reform Rules
New Securities and Exchange Commission rule amendments establish structural and operational reforms aimed at addressing “run risks” in money market funds, among other issues that came to light during the financial crisis.  Read more >
Clearing Up Money Market Fund Reform Misunderstanding
Retirement plans will not necessarily have to divest from retail money market funds under SEC’s pending reforms, but plan sponsors and advisers may decide it’s best. Read more >
Money Market Fund Reform Likely Warrants Changes
The recent money market fund reforms adopted by the SEC, which take effect in October 2016, will require retirement plan advisers to review the money market funds in their plan sponsor clients’ lineups and possibly recommend changes, experts say. Read more >
Don't Get Left Behind By Money Market Fund Reform
A survey of institutional asset managers highlights persistent uncertainty and lack of preparedness around pending SEC money market reforms. Read more >
MMF Reform and Stable Value
Some providers are predicting the changes to money market funds will drive renewed interest in stable value funds, leading to the question, what is most important to clients when considering stable value?  Read more >
MOST POPULAR STORIES
Some Millennial Retirement Expectations Unrealistic

One-third say they plan to save $200,000 or less to be comfortable in retirement; they only expect to live to age 81; and very few feel they will end up in an assisted living facility, according to a survey.

Congressional Democrats Continue Push on Butch Lewis Act

The legislation would take steps to provide additional anti-cutback protections for Teamsters, miners, and other unionized American workers who have paid significant sums into multiemployer pension funds.

DOL Sues Retirement Plan Fiduciaries for Misusing Plan Assets

A federal district court judge entered a judgment requiring Michael Lewis, former president of Acme Orthotics and Prosthetic Laboratories Inc., to restore $128,535.75 in losses owed to the company’s Profit Sharing 401(k) Plan and Trust.

Stanford Center for Longevity Proposes New Strategy for Retirement Income

While the researchers say advisers may need to modify their business models slightly, the strategy uses existing resources and capabilities plan sponsors and providers have.

Checking in With Verizon Pensioners Post Risk Transfer

PLANADVISER interviewed a spokesperson for a large group of Verizon retirees back in 2015, shortly following their defeat in appellate court in a case challenging the merits of pension risk transfers; we catch back up with Jack Cohen to talk shop and ask, how have things been going post annuitization?

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

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

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