PLANADVISER 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
TOP 100 Retirement Plan Advisers
Noteworthy retirement plan specialists, based on number of plans and total assets under advisement.
What Is a DOL Adviser Investigation Like?
The number of Department of Labor investigations of financial advisers has steadily increased over the years; here is a primer on the DOL’s sources of authority, and what to expect when examiners come knocking.
Managed Account QDIA Mechanics Challenge Plan Sponsor Clients
ERISA attorneys and plan design consultants say they are hearing more questions from sponsors about using managed accounts as a plan’s default investment, but the most common use case remains opt-in managed accounts.
Assessing Likely Impacts of IRS Hardship Withdrawal Rule Changes
New rules established by Congress and the IRS simplify the process for participants to request a hardship withdrawal of DC plan assets; some experts say this could increase “leakage,” while others anticipate more positive effects, such as lower debt among cash-strapped participants.
Court Returns Mixed Ruling in Schwab ERISA Self-Dealing Suit

The detailed ruling comes after Schwab defendants moved to dismiss in part the plaintiff’s second amended complaint. 

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

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

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