| 'Church Plan' Cases to Be Heard by Supreme Court |
| The U.S. Supreme Court has agreed to review three cases in which federal appellate courts found health care institutions’ pension plans were not ‘church plans’ under the definition in the Employee Retirement Income Security Act.
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| ERISA Stock Drop Suit Filed Against Exxon Mobil |
| The plaintiff claims defendants’ breaches of fiduciary duty occurred when they knew or should have known that Exxon’s stock had become artificially inflated in value due to fraud and misrepresentation, thus making Exxon stock an imprudent investment under ERISA and damaging the plan and those plan participants who bought or held Exxon stock.
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| Millennial Essentials |
| When it comes to recruiting Millennial advisers, Michael Liersch, head of behavioral finance and goals-based consulting at Merrill Lynch, has some insights. “They have different ideas about the income risks they are willing to take. Many of them want a salary as opposed to a production-based commission.”
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| Reforms in United Kingdom Offer Guidance for U.S. Policy |
| Retirement reforms being implemented in the UK through 2018 represent an important testing ground for government-backed savings efforts.
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