PLANADVISER Weekend Newsdash
Week ending July 29th, 2016
Editor's choice
Data and Research
Social Security is Key, Even for Affluent Investors
For nearly one-third of affluent investors, Social Security will provide half their retirement income, according to a study. Read more >
Data and Research
Spending Rates in Retirement Are Modest
Since retirees are spending less than they withdraw from financial accounts, they are accumulating money in checking accounts and may need to reinvest those assets, says Steve Utkus with Vanguard Center for Retirement Research. Read more >
Data and Research
Providers Expect Fiduciary Rule to Deter Rollovers
Nearly two-thirds, 64%, of the nation’s top retirement plan recordkeepers and providers believe that the new Department of Labor (DOL) fiduciary rule will deter rollovers from retirement plans into individual retirement accounts (IRAs), thus helping them to retain assets, the LIMRA Secure Retirement Institute found in a survey. Read more >
Data and Research
Sponsors Warming Up to Lifetime Income Solutions
Employers are gradually warming up to lifetime income solutions in their retirement plans, Willis Towers Watson found in its Lifetime Income Solutions survey.  However, they are more interested in educating participants about drawdown strategies or partial withdrawals than using guaranteed insurance-backed products. Read more >
Data and Research
Retirees Wish They Had Delayed Collecting Social Security
Unexpected health care costs and other life events have 23% of retirees—those retired 10 years or less—wishing they had waited before collecting Social Security, according to a survey by the Nationwide Retirement Institute. Read more >
MOST POPULAR STORIES
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
Advisers can assist plan sponsors with mitigating and preventing claims for benefits and other Employee Retirement Income Security Act claims.
T. Rowe Price Agrees to Settle Proprietary Funds Lawsuit for $7 Million

The lawsuit against T. Rowe Price had accused the firm of filling its retirement investment menu with proprietary funds.

Retirement Industry People Moves

Financial Planning Association 2022 president announced; Northwestern Mutual appoints new managing director; Nationwide names retirement solutions distribution leader; and more.

Judge Dismisses Most Claims in Intel ERISA Lawsuit

The new ruling, filed in favor of the defendants, is just the latest action in what has been a long-running series of complaints and cross motions involving Intel’s retirement plan.

Employees More Concerned About Immediate, Rather Than Future, Financial Needs

However, a survey suggests engagement with financial wellness programs boosts retirement confidence.

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