| PBGC Selects Firms for Smaller Asset Manager Program |
| Each firm will be given a core fixed income mandate because “research indicates that smaller asset managers are likely to add value relative to the benchmark with these assets.”
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| Latest DOL Fiduciary Rule Lawsuit Spotlights Insurance Industry Concerns |
| Two national insurance advocacy groups have “reluctantly” joined the growing list of plaintiffs asking the federal courts to declare the DOL’s new fiduciary rule arbitrary and capricious.
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| Most Americans Plan to Take Social Security Early |
| Despite the fact that it can lower their Social Security benefits by as much as 30%, collecting Social Security before their full retirement age is the plan for more than four in 10 Americans age 50 or older, an Associated Press-NORC Center for Public Affairs Research poll found.
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| Committee Strongly Suggests IRS Not End Determination Letter Program |
| The IRS announced in July 2015 its intent to eliminate the staggered five-year determination letter remedial amendment cycles for individually designed retirement plans and limit the scope of the determination letter program to initial plan qualification and qualification upon plan termination.
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