PLANSPONSOR Weekend Newsdash
Week ending November 6th, 2015
NOTE FROM THE EDITOR
Another work week has come and gone, leaving us all plenty of market and regulatory news to digest. Whether you’re following the Financial Engines acquisition or the Boeing fee case settlement, this edition of PLANADVISERweekend has the information you need to get a jump on Monday.
Editor's choice
Financial Engines to Acquire Brick-and-Mortar Advisory
Not convinced that robo-advisers are shaking up the defined contribution retirement plan advisory space? This week’s news that digital-advice darling Financial Engines will acquire a firmly established traditional advisory chain, The Mutual Fund Store, might finally change your mind. Read more >
Settlement Terms and Price Tag Revealed in Boeing Fee Case
The retirement planning industry already knew Boeing would settle the nearly decade-old 401(k) litigation, but a trove of new details emerged this week as both parties agreed to final settlement terms.   Read more >
Does the Intel Retirement Plans Case Have Merit?
The Department of Labor itself encourages retirement plan sponsors to consider custom target-date funds in ERISA plans, yet this week the use of such funds was questioned by a lawsuit filed against Intel. PLANADVISER reached out to Marcia Wagner, principle with Wagner Law Group in Boston, for comments about the case. Read more >
Cerulli Forecasts $7.8T Robo Market
The rapidly expanding retail channel also means rapid growth in robo-advice providers, according to Cerulli Associates.  Read more >
Using ACA as Bridge to Retirement Health Coverage
There are some deep-seated and opposing opinions about what the ACA is doing to the American health care system, but Prudential says those who have left full-time jobs and are under age 65 might have the most to gain. Read more >
MOST POPULAR STORIES
401(k) Plan Participants Challenge Principal's Management of TDFs

The lawsuit alleges Principal used proprietary investment vehicles, rather than other investment vehicles, and share classes with higher fees for the underlying TDF investments, to produce more income for itself and its subsidiaries.

It’s Not Déjà Vu, It’s a Brand New Best Interest Rulemaking Debate

The release of a thousand-page "best interest" rulemaking package by the SEC applying to all brokers and investment advisers is being hailed as a victory by some and a deep disappointment by others; either way, it's the start of another long chapter in the epic industry battle over federal conflict of interest regulations. 

Why Are Retirees Spending Down So Slowly?

EBRI questions whether retirees are just determined to preserve their assets or whether they need more education about spending assets in retirement—both have implications for retirement plan advisers and sponsors.

A QDIA in Transition
Participants are moved to a managed account as they draw close to retirement
Retirement Industry People Moves

Wealth Management Solutions Firm Joins Kestra Financial; AXA Hires Executive for Life, Retirement and Wealth Management Business; T. Rowe Price Expands Retirement Plan Services Team with New Hires; and more.

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

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

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