June 24th, 2015

On the Beat: CPAs Observe Increased Fraud Financial fraud and abuse targeting older Americans is on the rise, a new report suggests, and the top sources of fraud might surprise you. Almost half of certified financial planner professionals have seen evidence of increased elder fraud and financial abuse during the last five years, as shown by a new survey from the American Institute of CPAs. Read more > Liability Protection for Plan Sponsors It starts with identifying plan fiduciaries, formally defining their roles in writing, and training them to properly perform their functions, says Barb Van Zomeren at Ascensus in Brainerd, Minnesota. Read more > Personal Analysis Needed for Faculty Reluctant to Retire The retirement patterns of senior faculty are an issue of ongoing interest in higher education: If a significant share of tenured faculty works past “normal” retirement age, challenges can arise for institutional leadership. Read more > IRS Publishes Information for Cycle E Plan Restatements The Internal Revenue Service has released subject matter packages that employee plans specialists use when reviewing retirement plan documents. Plan sponsors and adviesrs can also use these packages as a review tool before submitting a determination letter application to the IRS. Plans in Cycle E submit determination letter applications for their plans beginning February 1, 2015, through January 31, 2016. Read more > MOST READ ARTICLES

Sponsored message from PLANADVISER 2015 Participant Survey PLANADVISER checks in with workers on the path to retirement—finding more than three-quarters feel at least “mild” financial stress in their lives, including almost half citing “moderate” or “severe” anxiety about financial topics. Our interactive research results can help inform advisers’ understanding of clients and prospects across business models and market segments. Read more > Investor Confidence at 7-Year High U.S. investor confidence reached a seven-year high in the second quarter, with the Wells Fargo/Gallup Investor and Retirement Optimism Index registering +70 in May. For some perspective, the index had a baseline score of +124 when it was launched in October 1996. Read more > S.F. Firm Rolls Out Simplified 401(k) Solution ForUsAll has created a simple and inexpensive 401(k) product for small businesses with 3(16) and 3(38) fiduciary services. Read more > Manning & Napier Releases QDIA Sync A fee tool from Manning & Napier helps advisers consider a retirement plan’s demographics when selecting a target-date fund TDF for their plan clients, considering five key population metrics: age characteristics, risk appetite, savings levels, outside sources of retirement income, and participant behavior in terms of when they are most likely to exit the TDF. Read more > Anova Consulting Expands with Three Hires Louise Revers, Laurie Grabner and Mardan Flynn have been named to new positions at Anova Consulting Group, a market research and consulting firm serving the retirement space, based in Brookline, Massachusetts. Read more >

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