PLANADVISER Weekend Newsdash
Week ending December 8th, 2017

Happy Friday, readers! Heading into the second weekend of each month we compile the timeliest and most informative articles filed under the heading of Investing in recent weeks. With broad market indices riding once again near record highs, clients must be reminded of the importance of maintaining their risk tolerance carefully. And while returns in the last year have been quite strong, asset managers continue to pare down their long-term capital growth expectations, some to the low single digits. We hope the reporting collected below offers helpful context for navigating the markets as 2018 quickly approaches.

Investing
U.S. Market Index Records Offer Food For Thought
Few retirement plan investors may actually mirror their portfolios to a U.S. total market index—but there are still some important implications to be found in the record-setting performance of the Wilshire 5000, beyond the relative growth of small-cap and large-cap. Read more >
Growth in TDF Market Underscores Proprietary Product Debate
The drivers behind a target-date manager offering open architecture most commonly include the belief that participants benefit from asset manager diversification and the need to outsource allocations to access best-in-class strategies, Cerulli reports. Read more >
Sidecar Savings Accounts Could Support DC Plan Success
One clear way to help prevent retirement plan leakage is to help families cope with financial shocks and income volatility in the short term; one way to do this is to encourage use of “sidecar accounts.” Read more >
Responsible Investing Strategies Still a Challenge for Advisers
Only 21% of advisers surveyed reported feeling very well informed about responsible investing strategies, and the survey found accessing ESG data is a challenge for advisers. Read more >
Assessing U.S. Retirement Allocations in a Global Context
MFS data show that relative global growth trends have held steady since 2012: Developed economies have hovered between 0.5% and 2% gross domestic product (GDP) growth while emerging economies have ranged between 3.5% and 5% over that time. Interesting in the current political environment, manufacturing performance indicators have been more even across global and developed economies. 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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