PLANADVISER Weekend Newsdash
Week ending November 27th, 2015
NOTE FROM THE EDITOR
The shortened work week still brought plenty of news for retirement planners. We heard from one provider how student loans can wreck retirement savings, while researchers at another firm measured the first bounce in U.S. adviser headcount in nearly a decade. One top of it all, PLANSPONSOR released its annual DC Survey, giving critical insights into recordkeeper popularity and performance.
Editor's choice
Firms Partner with Colleges to Recruit Young Advisers
We learned this week financial services firms are increasingly partnering with colleges and universities to develop financial planning curriculum in order to attract new graduates to the profession. Edward Jones, for example, has partnered with 11 universities to prepare students to take the Series 7 exam. Read more >
Student Loans Wreck Retirement Savings
It’s almost hard to believe, but LIMRA Secure Retirement Institute Research finds paying down $30,000 in student loan debt, if prioritized over retirement savings, can rob a given worker of up to $325,000 in potential savings by retirement. Read more >
Bounce in Adviser Headcount First in Nine Years
Kenton Shirk, associate director at Cerulli, says many positive developments led to the headcount growth last year. From the adviser perspective, there is a heavier focus on teaming and onboarding rookie advisers into multi-adviser practices. Read more >
Many Investors Focus on Wrong Performance Factors
No way around it—new research from TIAA-CREF into the way U.S. retirement savers think about their investments is downright troubling. Many know to look beyond daily or monthly performance, but there is still too much of a focus on annual trends and themes. Read more >
PLANSPONSOR Defined Contribution Survey
The 2015 Defined Contribution Survey from PLANSPONSOR measures and evaluates satisfaction levels with 401(k) and other DC providers, according to feedback from their plan sponsor clients across 23 distinct areas of participant and sponsor services. How did your preferred service provider partners do? Read more >
MOST POPULAR STORIES
Many Retirees Spending More Than They Expected

However, retirees spend 32% less than non-retirees.

First Deadline Looming for SEC Electronic Disclosure Compliance

When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period that starts in January, during which "funds that choose to implement the new delivery method for shareholder reports provide prominent disclosures in prospectuses and certain other shareholder documents that will notify investors of the upcoming change in transmission format.”

Progressive Plan Design Features Have Moved Down-Market
These are streamlining plan administration, increasing investment diversification and improving participant outcomes.
MetLife Pension Calculations Questioned in ERISA Complaint

The complaint suggests MetLife is failing to meet its obligations to ensure different annuity options offered to pension plan participants are actuarially equivalent default benefit, as required under ERISA.

Employee Knowledge Levels Indicate Need for Financial Wellness Education

Employees expressed concerns about budgeting, health care and emergency funds, and low levels of knowledge about financial and retirement topics were reported.

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

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

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