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.
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.
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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.
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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.
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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.
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