PLANADVISER Weekend Newsdash
Week ending December 9th, 2016
NOTE FROM THE EDITOR
This week’s news that President-Elect Donald Trump would name Andy Puzder, chief executive officer of CKE Restaurants, as Secretary of the Department of Labor answered weeks of speculation in the retirement plan services industry. The fate of the fiduciary rule rests largely in the hands of the next DOL chief—and whoever is subsequently named leader of the Employee Benefits Security Administration. It is still unclear how the CEO of a company known for operating the Hardee's and Carl's Jr. burger brands will view the complex and controversial regulation, but we will likely soon find out. 
Editor's choice
Investment Industry Must Double Down on Fairness and Transparency
In the retirement planning and investment industry of the near- and long-term future, providers’ motivations will play a deep role in determining success. Read more >
Consultants Reflect on Fiduciary Rule Progress
There has been a marked proliferation of defined contribution plans in which individuals take on much more responsibility around saving for retirement. The spirit of the fiduciary rule is to ensure that plan participants and plan sponsors get the best possible advice in this challenging new environment. Read more >
New Shade of Doubt Cast on DOL Fiduciary Rule Implementation
One early commentator tells PLANADVISER he expects the new DOL fiduciary rule will still be implemented, yet there is undoubtedly a new atmosphere of uncertainty with the presidential election result. Read more >
Participants Not Up to Speed on 401(k) Features
Two-thirds failed Fisher’s 401(k) IQ in the Workplace Quiz. The results show retirement plan participants can benefit from fiduciary services, given their lack of investing prowess.  Read more >
MOST POPULAR STORIES
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges

A new lawsuit suggests the individual advisory program TIAA clients were rolled into was significantly more expensive and generated hundreds of millions of dollars in fees for TIAA—without providing commensurate performance benefits.

DOL Announces Anticipated ESG Fiduciary Investing Rule

Agency leaders say the principal idea of the new proposal is that climate change and other ESG factors can be financially material and, when they are, considering them will inevitably lead to better long-term risk-adjusted returns.

Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns

The important federal benefit increases when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers, or the ‘CPI-W.’

Retirement Industry People Moves

Impax appoints Ed Farrington as head of distribution for North America; Prudential forms new Prudential Retirement Strategies business; Northern Trust appoints Gary Paulin as head of global strategic solutions; and more.

Calmer Summer Yields to Volatile Fall for U.S. Investors

Individual and institutional investors were feeling better about market risks before getting a Delta-driven reality check.

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