PLANADVISER Weekend Newsdash
Week ending October 19th, 2018

Happy Friday, readers! Please note that today is the deadline for making nominations for the 2019 PLANSPONSOR Retirement Plan Adviser of the Year awards program. If you work with or for, or know of, a great plan adviser or plan adviser team, please help us recognize the best in the business. It doesn’t take long to make a nomination—more comprehensive information will be solicited from the candidates later this year. Thanks for your help! 

Editor's choice
2019 PLANSPONSOR Adviser of the Year Nominations Close Friday
The nomination process is still open for the 2019 PLANSPONSOR Retirement Plan Adviser of the Year Awards, but not for long! The nomination form will only be available through Friday at 11:59 p.m. EST.  Read more >
The Roll of the Adviser
It’s back to the old days for advising on rollovers, right? Maybe not. The Department of Labor (DOL)’s revised fiduciary rule, vacated by a 5th Circuit Court of Appeals mandate in June, no longer applies—but don’t be surprised if it has a lasting impact on how plan sponsors scrutinize rollover advice from advisers. Read more >
Advisers Need to Focus on Relationship Management, Vanguard Says
This means building trust by underscoring that they are acting in the client’s best interest and also getting to know them personally. Read more >
How Advisers Can Expand Their Prospecting Methods
With all of the lawsuits being filed against retirement plans, sponsors are more likely than ever to look for an adviser who can help them with their fiduciary responsibilities, says Brian Hart, president of Flackable, a public relations and digital marketing agency in Philadelphia. “Now is the time to invest in prospecting,” he says. Read more >
Future Faces of Advising
As a whole, the retirement plan industry needs to figure out a way to attract women and minorities to join the field, according to speakers at the 2018 PLANADVISER National Conference.  Read more >
MOST POPULAR STORIES
Half of Households Likely to Face a Retirement Shortfall

Looking at whether retirees will be able to replace 75% of their final-year earnings, the Center for Retirement Research at Boston College found the number of households at risk of facing a shortfall range from 42% to 60%.

Proposed Hardship Withdrawal Amended Regulations Issued by IRS

Under the proposed regulations, 401(k) plan sponsors could choose to make additional accounts available for hardship withdrawals.

Wells Fargo’s Annual Retirement Study Portrays an Industry in Transition

Executives overseeing the survey report agreed that the U.S. is just beginning to see the real impact of decades of public policy decisions and private employer efforts to fundamentally reshape the retirement landscape.  

Average Age Americans Plan to Retire Is 62

However, only 56% of people have calculated how much income they need to retire, MassMutual learned in a survey.

High-Net-Worth Individuals Would Like to Use RMDs to Offset Taxes

They also say they will not need the money for day-to-day living expenses, Allianz Life found in a survey.

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

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

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