August 25th, 2016

Use of Float Income Questioned in New Fidelity Lawsuit Just last month a federal appeals court ruled that float income Fidelity retained in the process of making distributions to retirement plan participants was not a plan asset. That ruling has clearly not deterred plaintiffs standing behind a new complaint, which levels many of the same allegations against Fidelity. Read more > Servicing Micro Plans While advisers’ skills are much needed in the micro-plan market, can the business be profitable?  Read more > Number of Families Investing in 529 Plans Reaches Record High The strong majority of American families are saving for their children’s higher education, according to Fidelity Investments’ College Savings Indicator Study. Also encouraging, 41% of families are invested in a 529 college savings plan, a 62% increase from 2007. Read more > The PPA: 10 Years Later Starting with the Pension Protection Act, the U.S. Congress has tweaked and amended pension funding rules a handful of times in rennet years, but has it work? Find our special coverage of the 10-year anniversary of the PPA here.  Read more > MOST READ ARTICLES

From the Magazine: Adviser Momentum Part of the challenge in understanding how prepared—or not—people are for retirement stems from what Drew Carrington,  senior vice president  at Franklin Templeton Investments in San Mateo, California, calls a “snapshot” mentality. Read more > The Right Pick When retirement plan advisers work with third-party administrators, they need to delineate each party’s—including the recordkeeper’s—respective roles.  Read more > Cadaret, Grant Releases Mobile-Friendly Website Cadaret, Grant has launched a new mobile-friendly corporate website, featuring a modernized look, easy navigation tools and an automatic design for each screen size, among other features. Read more >

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