Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 21st, 2016
Target Faced With Another Stock Drop Compliant
As in related “stock drop” cases argued post-Dudenhoeffer, plaintiffs will benefit from the fact that ESOP fiduciaries no longer have a “presumption of prudence” as it pertains to keeping employer stock in the plan—but they will still have to prove to the court that plan fiduciaries could have and should have known to take another action that would not have violated securities law.  Read more >
Cetera Named in Small Plan Excessive Fee Suit
As investment adviser to the Checksmart 401(k) plan, Cetera Advisor Networks, has been accused of breaching fiduciary duties by only making available high cost funds to the plan. Read more >
Steady Fund Flow Data Amid Equity Market Peaks and Troughs
Monthly long-term investment fund flow data from Strategic Insight, an Asset International company, shows net new investments to long-term mutual funds and exchange-traded funds totaled $17 billion in June. Read more >
Affluent Investors Prefer Face-to-Face Meetings With Advisers
Affluent investors’ No. 1 preferred method for working with their financial advisers is face-to-face meetings, followed  by phone calls and then emails, according to the second quarter 2016 John Hancock Investor Sentiment Survey. Read more >
The Most ‘Outrageous’ ERISA Complaints Yet Filed?
The New Vesting Schedule Debate
What Mutual Fund Fee Disparities Mean for Retirement Savings
Lawsuit Accuses Fiduciaries of Chasing Low Fees Without Regard to Performance
Meet SageView’s New COO, Fresh From Goldman Sachs
Outsourced Service: Multiple Approaches
In the first three years after debuting the PLANADVISER Defined Contribution Investment Only Survey, in 2012, investment managers reported fairly strong increases in assets each year. This trend changed in 2015, however, as the assets of the 38 participating DCIO investment managers remained essentially flat.  Read more >
CUNA Unveils ClearDirection Service Model
A new client service approach being rolled out by CUNA Mutual Retirement Solutions features “experienced relationship managers delivering support, thought leadership and strategic planning.” Read more >
OppenheimerFunds Launches CEO Advisor Institute App
OppenheimerFunds created the CEO Advisor Institute to help financial professionals “run their businesses like world-class CEOs and engage their clients as trusted global advisers.” Read more >
Empower Offers Retirement Planning App for Apple Watch
The app shows users their balances, the percentage of savings they have amassed toward their retirement goal and their projected retirement income via the Apple Watch.  Read more >
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