Week ending November 18th, 2016

Editor's choice

Data and Research

Scorecard Reports Millennials Are Participating More in Retirement Savings

The key to the increase in engagement seems to be automatic and mobile enrollment. Read more >

Products

Capitol One Eliminates Commission-Based IRAs

As the implementation date for the Department of Labor (DOL)’s Conflict of Interest rule approaches, Capital One Investing will be moving away from commission-based products within its retirement-account services. Read more >

Investing

DC Specialists Embrace Custom TDFs

The number of DC specialist advisers making customized target-date fund recommendations has increased significantly in just the last year. Read more >

Compliance

Second Suit Targets Edward Jones Over Self-Dealing Claims

Edward Jones is being accused by another set of plaintiffs of favoring the investments of its “preferred partners” in its 401(k) plan, enriching the firm at the expense of performance. Read more >

Compliance

Financial Engines and Xerox Questioned in ERISA Suit

The latest ERISA lawsuit to be filed targets Xerox and Financial Engines for advice arrangements negotiated between the firms and several Ford Motor Company retirement plans. Read more >

MOST POPULAR STORIES

‘Secure Act 2.0’ Likely to Become a Reality

Retirement Plan Execs Confident Senate Will Pass the Bill Into Law

Excessive Fee Lawsuits Expected to Continue to Rain Down on Plans

Settlements have totaled more than $1 billion, making insurers think twice about new fiduciary insurance policies.

Stimulus Bill Extends Some Provisions of the CARES Act

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

Wake Forest University Baptist Medical Center Sued Over 403(b) Plan Fees

The lawsuit says plan fiduciaries failed to ensure reasonable investment fees and mismanaged revenue sharing to pay for administrative expenses.

Talking Digital Advice Trends With Morningstar and DFA

Morningstar Investment Management’s head of digital advice outlines his firm’s expanding collaboration with Dimensional Fund Advisors—the goal of which is to deliver a more customizable managed account service to market in support of financial advisers.

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