Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 3rd, 2015
Terminated Participants Require Fiduciary Care
“For ERISA purposes, a terminated employee is still a participant in the plan,” says Jeffrey Capwell, a partner at McGuire Woods and leader of the firm’s employee benefits and executive compensation group. “The employer still has all of the same fiduciary and other ERISA obligations for a terminated participant that has an account balance in the plan as it does for active participants who have an account balance under the plan.” Read more >
Annuitization Costs Dropped During Q2
BlackRock summarizes Q2 by observing that the quarter saw “the first real improvement in retirement prospects since 2013, when we started tracking the cost of retirement income with the CoRI Retirement Indexes.” But the positive aspects of the quarter were tempered by wider uncertainty about market performance in Europe—Greece especially—and China. Read more >
Cetera Confirms Winding Down of J.P. Turner
The news that JP Turner will be shuttered comes only about a year and a half after its parent company, RCS Capital Corporation, first said it would move to buy it. Cetera Financial Group CEO Larry Roth tells PLANADVISER the firm “is winding down JP Turner in order to enable advisers at that firm to more rapidly access the full range of services and support our network offers through Pershing.” Read more >
Alternatives, ESG Continue Gaining Traction
Alternative investments come under Cerulli’s scrutiny in the July 2015 issue of “The Cerulli Edge -U.S. Monthly Product Trends Edition,” which takes a look at alternative investing in the form of environmental, social, and governance considerations. Read more >
MOST READ ARTICLES
1
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
2
Excessive Fee Suit Filed Against Multiemployer Plan
3
Spouses Play Increasingly Influential Role Alongside Advisers
4
CenturyLink Sued by Plan Participants Over Large Cap Stock Fund Construction
5
Retirement Industry People Moves
Tech Firm Says Calculators Can Improve Savings
One key to better engagement in the retirement savings effort is improving knowledge about how assets and liabilities accumulate, according to financial technology provider SmartAsset. Read more >
Retirement Industry People Moves
Among this week’s people moves, Jamie Ohl leaves Edward Jones for Lincoln Financial Group; Daniel Caffrey joins The Retirement Advantage; Barbra A. Byington and Christopher Jarmush receive promotions at Gallagher Fiduciary Advisors; and Brett Dutton comes to PNC. Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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