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
Education About Tax Treatment and Fees Could Boost 401(k) Participation

Findings from a Capital One survey about why employees do not participate in their employer-sponsored retirement plan offers opportunities for education, according to Stuart Robertson.

Fidelity Faces a Myriad of Allegations in New ERISA Lawsuit

In addition to self-dealing allegations, the complaint calls out Fidelity for not negotiating revenue sharing refunds for its 401(k) plan participants and not considering stable value options for its plan investment lineup, among other things.

AARP Launches Social Security Resource Center

The new website is designed to be a one-stop place for investors and retirees to have their Social Security retirement questions answered, including when to claim.

Open MEPs Could Create Many Opportunities for Advisers
Should Congress or federal regulators eliminate the common nexus and bad apple rules that have held back open multiple employer plans, experts anticipate many more small businesses will jump in.
Retirement Industry People Moves

Voya hires regional sales vice president; Northern Trust names former employee its new strategy director; Broadridge announces a series of changes to its global operations team; and more.  

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

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

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