| Strong Support Voiced for Further Fiduciary Rule Delay |
| The first of two deadlines has passed for the DOL’s information request about a potential second fiduciary rule delay, but the window is still open for advisers to address key aspects of the rulemaking.
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| Trustee Ordered to Sell Real Estate to Replay Plan |
| A federal district court ordered a profit-sharing plan trustee to sell personal real estate to meet restitution requirements, after the trustee failed to ensure proper diversification and liquidity of plan assets.
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| Aon Pulls Company Stock From 401(k) Plan |
| In a Form 11-K filing with the SEC, Aon plc announced the divestment of company stock from the Aon Savings Plan. According to the filing, effective April 1, the Aon Stock Fund was discontinued as an active investment option in the plan. After March 31, participants were not able to contribute or transfer any savings into the Aon Stock Fund.
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| Retirement Income Literacy Remains a Challenge |
| Women at retirement age, those between the ages of 60 and 75, understand the components of retirement income far less well than men of the same age, although even men don’t grasp the topic very well, the RICP Retirement Income Literacy Survey from The American College of Financial Services found. Only 18% of women passed the quiz, compared to 35% of men.
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