June 5th, 2015

PSNC 2015: Designing Plans for Optimal Outcomes Industry pros weighed in on the nature of optimal plan outcome, from results—participants being able to retire when they want—to helping participants replace  income in retirement, to an adequate contribution rate. The guiding principle to use in choosing plan design features, one said, should be “simplicity above all.” Read more > PSNC 2015: Using Plan Design to Help Drive Engagement “We have tremendous opportunity to influence the next generation of retirees,” Steve Anderson, head of Schwab Retirement Plan Services, said in the keynote address. There is a shift taking place in the retirement industry, Anderson said, and plan sponsors can be at the forefront of the next stage of investment evolution. Even if participant behavior is not within a plan sponsor’s control, plan design is. Read more > PSNC 2015: Retirement Readiness Benchmarks Beyond participation and deferral rates, benchmarking retirement engagement is also critical, according to one panelist. Equally important: How much annualized income can participants expect at retirement? Does an employee’s tenure factor into his individualized projections? If not, sponsors may want to reconsider what variables they use in success calculations, and what participants need to hear to make that data meaningful to them. Read more > MOST READ ARTICLES 1 DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans 2 Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers 3 Advisers Get Long-Awaited Clarity on ESG in Retirement Plans 4 Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity 5 AARP Finds Major Gap Between Retirement Goals and Preparedness

Robo-Advisers Still Spark Adviser Ambivalence Advisers’ views are nearly tied on whether digital advice is irrelevant or competition to their business, according to a study of adviser concerns, but cost still raises alarms. In general, advisers cited price as one of the most threatening aspects of digital online financial providers. More than three-quarters of those surveyed say the low cost of digital advice will pose some sort of threat to their practice. Read more > Climate Change Could Alter Investment Strategies Climate change will give rise to investment winners and losers, says a new report that models the potential impact of climate change—rises in global temperature of 2°C, 3°C and 4°C above preindustrial-era temperatures. How might these temperature changes affect investment performance? Which sectors will be more profitable—or less? Investors cannot ignore the implications for investment returns, but they can guard portfolios against various scenarios. Read more > Looking to Recruit Advisers? Try LinkedIn “Social” seems the way to go when screening young candidates for adviser jobs. Whether it’s social network profiles or just a social contact, these hires often have more staying power and success, according to a new report. Read more > TRA Debuts All-Platform-Friendly Website In response to the growing use of smartphones and tablets, The Retirement Advantage Inc. (TRA) has redesigned and refreshed its website to make all of its features equally accessible, whether by smartphone, tablet or desktop computer.   Read more >

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