PLANADVISER Weekend Newsdash
Week ending June 10th, 2016
NOTE FROM THE EDITOR
Happy Friday, readers! The editors of PLANADVISER and PLANSPONSOR are hard at work prepping for next week’s PLANSPONSOR National Conference in Washington, D.C., one of our flagship annual events bringing together plan sponsors and providers from across the United States. Fair to say it’s been a whirlwind year for the industry, with even greater changes potentially right around the corner. This week’s editor’s picks spotlight some of the top trends and challenges we’ll explore next week at the conference.
Editor's choice
Bird’s Eye View of Evolving Asset Management Landscape
Could Google one day be a top provider of investments or financial advice? What about Facebook, or Amazon? It may sound farfetched, but one industry expert says such a future might not be far off.  Read more >
Emerging Blockchain Technologies Could Reshape Asset Data Security
New research from State Street Corporation finds a majority of asset managers believe they’ll be using “blockchain” data security technologies within five years. So, what’s blockchain? Read more >
Taking the Pulse of Top-Performing DC Advisers
The strongest-performing advisers are leading the way on aggressive plan design, embracing re-enrollment, stretching the match and making sure plans work for participants as they’re designed to. Read more >
Shift in Provider-to-Adviser Communication
Reflecting the change in their own clients’ expectations, more financial advisers say they prefer to receive general thought leadership and market commentary from service provider partners, in lieu of more product-specific updates. Read more >
Advisers Already Moving to Overcome DOL Fiduciary Rule Challenges
“This is hardly the first time regulation will change the way advisers get paid and disclose important information to clients,” one industry executive observes, “so in that respect I am confident firms will be able to make it work under the new rule.” Read more >
MOST POPULAR STORIES
Supreme Court Rules Against Northwestern University in Fee Case

The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments to excuse allegedly imprudent decisions by the plan sponsor.

Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock

The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments under a group variable annuity contract.

What the Supreme Court’s Northwestern Ruling Means in Practice
Expert ERISA attorneys say the new opinion in Hughes v. Northwestern University, while important, is far from earth-shattering when it comes to its likely impact on the pace or character of retirement plan fee litigation.
Another Stressed Union Pension to Get PBGC Support

The plan was projected to run out of money at some point this year, but the special financial assistance from PBGC should prevent this outcome.

Advisers Can Address Participant Savings Gaps With New Retirement Readiness Calculator

The tool was launched to bolster retirement planning resources and offer personalized support, customized solutions and best practices. 

 

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