Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 12th, 2016
Technical Updates to Fiduciary Rule ‘BIC’ Published by DOL
The DOL published a pretty substantial list of technical corrections to the Best-Interest Contract Exemption—including mostly minor clarifications but also a few potentially substantial adjustments. Read more >
Thoughts on Advice Models After a Career in Software
It’s not just investment gurus and behavioral scientists who have big ideas about helping individuals and institutions prepare for the financial future. Read more >
BlackRock Index Measures Cost Spike for Deferred Retirement Income
Correlation does not always imply causation,  especially in finance, but you can count among the peripheral consequences of ‘Brexit’ a serious spike in the price of  future retirement income. Read more >
Most Americans Have Not Done Much Retirement Planning
The majority of Americans do not appear to have done much retirement planning, according to FINRA’s report, “Financial Capability in the United States 2016.” According to the research, the percentages of those who have planned for retirement or have a retirement account are little changed since 2009.  Read more >
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth
Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs
Congressional Democrats Continue Push on Butch Lewis Act
Education on Lifetime Income Needed in Not-for-Profit Sector
Paper Reveals Benefits of Auto Features for DC Plan Sponsors
Discussions with DC plan sponsors reveal key benefits to the employer include improved employee satisfaction and engagement, as well as the ability to negotiate lower fees, including reduced recordkeeping and asset management fees due to greater plan participation. Read more >
The largest DCIO manager in the survey is BlackRock, with $630.2 billion in assets; second is TIAA Global Asset Management – Nuveen, with $451.0 billion; and Capital Group/American Funds, with $274.3 billion, is third. Read more >
From the Magazine: Assessing Value
To grow their business the right way, advisers call it imperative to calculate the profitability of their client relationships. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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