July 17th, 2015

ESOP Sponsor May Have Had Heightened Duty to Disclose A federal court has found questions exist as to whether a privately-held company anticipating a sale or merger should have disclosed business information to a retirement plan participant who sold his shares of company stock he held in the plan after resigning. Read more > Bill Extends Provision for Using Surplus Pension Funding Under legislation pending in the U.S. House, over-funded pension plans would have a longer time period in which they could use surpluses to pay for retiree health and life insurance benefits. Read more > Voya Asks DOL to Ease Up on Fiduciary Rule Voya Financial says it understands it is the Department of Labor’s intent to better protect workers and retirees, but it is “very concerned” that the DOL’s new fiduciary proposal would likely do the opposite. Read more > Delivering Advice Through Managed Accounts The retirement planning industry for years has pondered how to bridge the gap—how to transform nominal participants into committed investors and savers. Managed accounts are one powerful approach, according to Steve Dorval, vice president of wealth solutions for John Hancock Retirement Plan Services. Read more > MOST READ ARTICLES

Sponsored message from Riskalyze Using Risk to Manage Client Expectations One of the biggest challenges that advisers face when working with their clients is properly setting and managing expectations for portfolio returns. Learn how to gain ROI by talking about risk instead of returns, leading to greater practice efficiency, increased productivity and higher levels of client trust. Read more > Communicating Complicated Benefit Packages It’s a significant challenge for sponsors of both DB and DC plans to take charge of communications and participant education. Read more > Overspending Means Retirement Trouble Two in ten employees say spending too much is the biggest financial mistake they have made—about double the number citing a lack of retirement savings as their biggest financial problem. The numbers belie some serious cognitive disconnections between retirement and the other financial challenges faced by the typical American. Read more > Pension Funds Top Alternatives Investors Real estate is the most popular alternative asset class for pensions, a survey shows. Taken together, total assets managed by the top 100 alternative investment managers globally reached $3.5 trillion in 2014—up from $3.3 trillion in 2013. Read more > Social Security Strategies Look at Angle for Same-Sex Couples Prudential’s 2012 “Innovative Strategies to Help Maximize Social Security Benefits” has been updated to address concerns for same-sex couples in the wake of the Supreme Court decision. Read more >

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