| Connecticut District Court Tosses Voya Stable Value Suit |
| The lawsuit challenged how Voya set its crediting rate on certain stable value accounts offered to a 403(b) plan.
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| Avoidance Strategies |
| Plan sponsors sometimes get complacent and put their plans on autopilot operationally, says Lisa Tavares, a Washington, D.C.-based partner at law firm Venable LLP. So a disconnect may exist between a plan’s operations and what the plan document says, as well as what federal regulations require. That can lead to operational mistakes.
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| SEC Weighs In On ‘Robo-Advisers’ |
| The SEC challenges robo-advisers to review how they provide advice and whether the technology employed appropriately replaces services a human adviser representative might otherwise lend. It also suggests that robo-advisers, in how they provide services, may be noncompliant with the Advisers Act, particularly when no human representative is involved.
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| Clear Benefits of Offering Longevity Annuities in DC Plans |
| Researchers from the finance department at Goethe University and from the Wharton School at the University of Pennsylvania developed a model to quantify the impact of the availability of longevity annuity contracts for a range of retiree types.
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