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Trends
Early Retirement Health Costs
Strategies to keep medical bills from spiraling out of control.
Plan Design / Post-Retirement
New Territory for Income?
Advisers and providers need to help solve the decumulation challenge.
Trends
Buy Now Pay Later
Even if plan participants can pay their items off in time, will they really pay later, after they’ve overspent and their retirement nest egg is too small?
Compliance News
Legislative and Judicial Actions
The SEC favors proxy voting advice rule amendments; the PBGC issues final rule implementing the Special Financial Assistance program; appeals court rules in favor of defendants in CommonSpririt...
Plan Design / Participant Coverage
Greater Access
Adjust the plan—or craft a new one—to cover a client’s excluded workers.
ERISA vista
If Caught Off Guard by a Failure
Advisers can self-correct some violations of PTE 2020-02.
Compliance Consult
Compliance for Wealth Managers
PTE 2020-02 cannot resolve all conflicts of interest.
Plan Design / Investments
Next-Level Options
How advisers can make strategies they know, work better.
SEC, CFTC Propose New Private Fund Industry Reporting Changes
Regulators cite the increased complexity of the private fund industry and rapid growth for need to amend confidential filing rules.
IRS Private Letter Ruling Addresses DB-to-DC Asset Transfer
While it applies only to the immediate case, the IRS’ approval of a transfer of excess assets from a terminating pension plan to three ongoing defined contribution plans...
L Brands Settles ERISA Suit After Dismissal Motions Fail
The plaintiffs in the case alleged various plan fiduciaries breached their duties under ERISA by allowing the payment of excessive fees for recordkeeping and investments.
Milliman Partners With Turquoise Health for Health Care Data Transparency
The partnership seeks to automate health care price data to reduce administrative and contracting burdens for individuals, employers and health care providers.
GOP Attorneys General Question BlackRock on Fiduciary, Antitrust Concerns
Nineteen Republican state attorneys general signed a letter to BlackRock seeking ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
Could ‘Buy Now, Pay Later’ Trend Weaken Savers’ Financial Wellness?
Some ‘buy now, pay later’ services promise no interest or fees and no impact on a consumer’s credit score—but that is only if the user lives up to...
Pandemic’s Wake Draws Emergency Savings Accounts Into Focus
The pandemic and its impact on the global workforce have underscored the importance of—and increased demand for—a backup plan for unexpected expenses.
Emergency Savings Preparedness and Perceptions
According to EBRI, workers with household incomes of $75,000 or more are more than twice as likely to say they feel they can handle an emergency expense than...
Rocky Equity Markets, Moving Rates Help Annuities Shine
New LIMRA data shows continued equity market declines and rising interest rates drove investors to purchase record levels of fixed-rate deferred annuities in the second quarter.
6th Circuit Ruling Revives Parts of TriHealth ERISA Lawsuit
The district court ruling in the case granted full dismissal of the excessive fee lawsuit, but the 6th Circuit has now reversed parts of the ruling and remanded...
IRS Rules on Mergers Involving DB Plans That Have Received SFA
If a plan that received special financial assistance merges with an ongoing plan, the ongoing plan is not considered to be in critical status.
Retirement Income Evolution
Experts agree that few defined contribution retirement plan participants can successfully manage their retirement spending on their own, meaning it is crucial for advisers and providers to help...