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BY NAPA Net Staff 11/1/2013
It’s abundantly clear the 2014 NAPA 401(k) Summit, to be held in New Orleans, March 23-25, 2014, will be the conference to attend in the retirement plan industry next year. Attendance is the doorway to accessing a vast audience of industry players, big and small alike. This year, NAPA is launching...
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BY Fred Barstein 11/1/2013
There’s a saying that if you’re a hammer, the whole world looks like a nail. For plan advisors focused on 401(k) plans, they might be offering K plans to all clients — even those that might be too small or as a one-stop solution for all retirement needs. Cash balance plans, on the other hand, might...
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BY Fred Barstein 10/31/2013
There always seem to be certain events or cycles where some experts say that wire houses will not be able to compete against RIAs and independent advisors because of their more restrictive model. That conversation arose after the imposition of 408(b)(2), which requires advisors to disclose in...
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BY NAPA Net Staff 10/31/2013
By Mike BushnellWhile calling it her office’s “highest priority” and saying it was near completion, Assistant U.S. Secretary of Labor Phyllis Borzi declined to say on Tuesday exactly when her agency will submit a long-awaited proposal for revising the definition of fiduciary, a rule that could...
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BY John Ortman 10/31/2013
In last week’s Reader Poll we asked, "What percentage of funds on the investment menu change within 6 months of taking over a new DC plan?" Here are the results of the voting, expressed in percentages:Less than 10%: zero10-20%: 20%20-40%: 15%More than 40%: 65%This week’s Reader Poll is: “What...
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BY NAPA Net Staff 10/31/2013
PIMCO announced Oct. 30 that it has hired Virginie Maisonneuve as its new global head of equities, replacing Neel Kashkari, who left the company at the beginning of the year to pursue a political career. Maisonneuve was formerly head of global and international equities at London-based global asset...
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BY Nevin E. Adams, JD 10/31/2013
At some point in just about every police drama, potential suspects are vetted against the following criteria: Did they have the motive to commit the crime, and did they have the opportunity? Those who lack either are generally quickly dismissed as suspects because it is assumed that, lacking those...
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BY Fred Barstein 10/31/2013
Many DC plans are going through dramatic changes that promise to greatly improve participant outcomes, with new features like auto-enrollment, auto-escalation and stretch matches. As a result, most participants are ending up in managed investments. But what about employees who may be stuck in...
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BY John Ortman 10/30/2013
The U.S. House of Representatives approved legislation Tuesday evening that would delay – or possibly kill – the Department of Labor’s regulatory initiative to expand the definition of a fiduciary to encompass retirement plan advisors. The bill passed by a 254-166 margin, including 30 Democrats.The...
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BY Fred Barstein 10/30/2013
Conventional wisdom says that interest rates will rise, so it makes sense to move away from long-duration bonds and into equities. That wisdom has played out this year, with flows into stock mutual funds and ETFs reaching $45.5 billion in October and $277 billion for 2013 -- both of which are highs...
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