| Retirees Were Preyed on by Miami Ponzi, SEC Says |
| A retired grocer and a retired schoolteacher had one thing in common: the bad luck to hand their retirement assets to Phil Donnahue Williamson, a Miami investment adviser who allegedly used a Ponzi scheme to siphon his investors’ retirement assets. He assured his investors of 8% to 12% returns, but funneled the money into his personal accounts.
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| Top Advisers Talk Current Client Service Trends |
| J.P. Morgan suggests top advisers are feeling energized by the current market environment. Interest is growing around improving plan participant outcomes through continuing plan design innovation, with most advisers at the firm’s annual DC Advisor Summit noting their biggest concern for sponsors is not unmitigated fiduciary liability or runaway investment fees-but “participants not having saved enough.”
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| Retirement Plan Fees? They Haven't Got a Clue |
| About 42 million people-unaware they pay any fees at all on their work place retirement plans-pay an estimated $35 billion in fees, according to the National Association of Retirement Plan Participants. In its new findings on what plan participants do and don’t know, the association cautions the importance of investors understanding the fees they pay.
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| PSNC 2015: The Regulatory Environment |
| Lifetime income, service provider process changes and privacy of retirement plan information are just a few things for which plan sponsors and service providers need to prepare.
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