PLANADVISER Weekend Newsdash
Week ending October 30th, 2015
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers! We are pleased to bring you this inaugural edition of PLANADVISERweekend, a new newsletter that we know will make a great addition to our daily mailings and bi-monthly print publications. Here you will find a selection of the week’s top-clicked articles and other selected content curated by the PLANADVISER staff—all to help you stay informed and prepare for another busy week running your businesses and improving retirement plans. 
Editor's choice
Retirement Preparedness Needle Not Moving
Financial Finesse offers suggestions for improving employees’ retirement preparedness and making sure Millennials do not end up in the same situation many Baby Boomers are in now. Read more >
Technologically Savvy Advisers Reap More Assets
Technologically savvy advisers, which Fidelity Clearing & Custody is dubbing “eAdvisers,” reap several advantages. They have nearly 40% more assets under management, attract more Gen X and Gen Y investors and are more adept at expanding their geographic reach. Read more >
Income Planning Requires Annuity Know-How
With Senator Elizabeth Warren’s (D-Massachusetts) annuity report grabbing headlines this week, readers told us it’s important for lawmakers to remember there are big differences between retail and institutional advisory practices. Here’s what it takes to bring annuities to clients.  Read more >
OCIO Market Expansion Reaching Public DBs
This week we heard from Cerulli Associates that asset managers and advisory firms are benefitting from strong growth in outsourced chief investment officer business among a relatively untapped client bases—public defined benefit plans. Read more >
Rx Costs Drive Up Amount Needed for Retirement
Plan sponsors are charging headlong into open enrollment season—and chances are they are feeling some pain from premium growth. Research released this week finds one real source of pressure is the cost of prescription drugs.  Read more >
MOST POPULAR STORIES
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

Judge Finds Participant Data Is Not a Plan Asset in Case Against Fidelity

As part of an excessive fee lawsuit against Shell Oil, Fidelity was named as a defendant and accused of breaching its fiduciary duties by sharing participant data with affiliates for solicitation of other products.

Many Near-Retirees Don't Understand Social Security Benefits

More than one-third failed a basic Social Security quiz administered by MassMutual.

Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
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