December 7th, 2016

Senator Asks That Implementation of Fiduciary Rule Be Ceased The Senator suggests that the new administration and Congress will likely unwind the rule, so the Labor Department should not impose unnecessary costs on advisers. Read more > Advisers and Clients Slow Innovation to Prevent Litigation The defined contribution retirement plan market saw an unprecedented number of lawsuits brought against plan sponsors and their providers in 2016, according to Cerulli Associates. Read more > Will HSAs Become the 401(k)s for Health Care Savings? HSAs are gaining more acceptance as concerns about health care costs in retirement increase, and interestingly, they seem to be following a similar path as 401(k) plan growth. Read more > Partnering on Holistic Advice Retirement plan advisers may consider teaming up with other professionals to offer complete, holistic advice about HSAs, 529 college savings plans, saving for a mortgage, developing a sound budget, paying down debt, caring for an elderly parent, estate planning and other topics. Read more > MOST READ ARTICLES 1 TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges 2 DOL Announces Anticipated ESG Fiduciary Investing Rule 3 Plaintiffs Claim Deloitte Breached ERISA Prudence Duties 4 Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns 5 Only 31% of Hispanic Workers Participate in a Workplace Retirement Plan

Sponsored message from Prudential Guaranteed Lifetime Income and the Importance of Plan Design Learn how guaranteed lifetime income options help positively impact enrollment and diversification. Read more > More Than Half of Americans Worry About Finances Only 37% are confident they are on the right retirement savings track. Read more > Middle-Income Workers' Financial Plans Fall Short People who have a financial plan reported saving a median of 10% of their salaries toward retirement. Those without a plan saved a median of 6% of their salaries toward retirement. Read more > Client Visions of Retirement Include Fears and Hopes World travel is a classic goal cited among many workers envisioning their retirement, yet few of today’s retirees say they can afford such luxuries. Read more > Interest Shown in Funding Emergency Savings Before Retirement The majority of both DC plan participants and sponsors are interested in a proposal to fund emergency savings for participants before putting savings into the DC plan. Read more >

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