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trendspotting
Trendspotting
A look at the latest concerns and actions among employees, and what they mean for advisers
Clients Want and Need Deeper ESG Insights
Enthusiasm about environmentally responsible investing has bloomed in the wake of recent DOL rulemaking, but a new TIAA survey shows a knowledge gap persists.
DOL Agrees Foot Locker Should Reform Cash Balance Plan
The agency filed a brief in a federal appellate court case about whether Foot Locker misled employees upon conversion from a traditional pension to a cash balance plan.
Another Appellate Court Allows Participants to Seek Plan Reformation
The appellate court noted that under Amara, if the participants cannot get relief with their benefit claims, they can seek an equitable remedy for breach of fiduciary duty...
Retirement Industry People Moves
Northern Trust Asset Management adds Public Funds and Taft-Hartley leader; Securian expands footprint in Michigan; The Retirement Advantage hires regional sales consultant, and more.
High Court Decision Could Have Implications for ERISA Litigation
The decision was already cited in the Supreme Court's order regarding the Verizon pension risk transfer lawsuit.
Simplicity and Nudges Can Help Employees Become Habitual Savers
The reasons people start saving for retirement can inform plan advisers and sponsors about educational nudges and plan design.
Workers Envisioning a Working Retirement
Employees globally are looking for more flexible retirement arrangements from employers and for governments to shore up Social Security programs.
Asset Owners Looking to Use Smart Beta Solutions
The roles assumed by investment managers, consultants and index providers in the evaluation of smart beta vary depending on AUM tiers of asset owners.
Sponsors Fail to Measure Retirement Readiness Success
Yet 91% say it is very or extremely important to help employees have a secure retirement.
More Guidance Needed to Help Participants Use QLACs
In a letter to the IRS, industry representatives say a couple of clarifications would help more DC plan participants take advantage of QLACs.
Fiduciaries of Small 401(k) Targeted in Excessive Fee Suit
The lawsuit argues that even a 114-participant, $9 million dollar 401(k) plan can get lower fees on investments and services.
Examining Financial Wellness Needs of Each Generation
Research has found that improvement in financial wellness improves retirement savings, but each generation has different needs and learning styles.
SCOTUS Gives Verizon PRT Suit New Life
The U.S. Supreme Court found an appellate decision regarding a Verizon pension plan risk transfer flawed, considering the trust law underpinnings of the Employee Retirement Income Security Act.
Considering Risk Transfer Top of Mind for DB Plan Sponsors
Many pension plan sponsors could use help overcoming misconceptions about transferring liabilities to an insurer.
Rumbles of SEC Uniform Broker Standard Growing Louder
The Securities and Exchange Commission has given several signs that it could soon introduce a uniform standard of client care for registered brokers and advisers.