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BY Ted Godbout 10/20/2017
A new study shows that the face of wealth is changing and is beginning to “tip” to Gen X and Millennials (Gen Y), who look and act much differently than older generations of millionaires do.Fidelity Investments’ ninth Millionaire Outlook study finds that today’s younger millionaires differ from...
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BY Ted Godbout 10/19/2017
While plan sponsors express a high level of satisfaction with their retirement advisors, that satisfaction does not necessarily translate to commensurate levels of loyalty, according to a new white paper.Chatham Partners’ study, “The 2017 Advisor Cx,” which looks into plan sponsors’ perceptions of...
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BY Rebecca Hourihan 10/19/2017
Did you know that Missy Schoedel is a competitive power lifter? She held two state records and competed at Worlds last year in Las Vegas. However, if you meet her at a 401(k) conference, you could never tell by merely looking at her.It’s the commitments of our life that make us unique – the little...
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BY Nevin E. Adams, JD 10/18/2017
It’s taken more than a decade to get there, but the parties in the case of Tibble v. Edison have agreed upon a fee for the plaintiff’s attorneys in the case.The recommendation of the parties to the court is that the law firm of Schlichter Bogard & Denton LLP will receive $5.8 million for all...
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BY NAPA Net Staff 10/18/2017
A substantial number of retirees are spending more than they expected to on living expenses — and their confidence in being able to meet their lifestyle goals in retirement is taking a hit, says a recent study.Retirees are spending more than they expected since they left the workforce in a variety...
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BY John Carl 10/18/2017
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and executive compensation arrangements. A recent call with an advisor in Washington is representative of...
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BY NAPA Net Staff 10/18/2017
In his most recent blog post on the fiduciary rule, Fred Reish notes that the fiduciary and best-interest standards of care, as well as the prohibited transaction rules, will affect advisors in some unexpected ways – and he offers an example.When plan or IRA assets are held by a custodian, Reish...
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BY Ted Godbout 10/17/2017
A biennial global finance report gives the U.S. the highest overall grade in terms of global best practices for mutual funds from the perspective of fund shareholders, but says the U.S. lags in its regulation and taxation practices.Morningstar’s 209-page Global Fund Investor Experience Study covers...
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BY NAPA Net Staff 10/17/2017
A new survey of large plan sponsors highlights the challenges of – and possible solutions for – structuring and running plan committees.Investment committees reporting that timeliness of making decisions was a challenge also reported a higher-than-average member tenure (9.1 years, compared to 5.9...
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BY NAPA Net Staff 10/17/2017
One might have thought that the momentum behind municipality-run auto-IRA programs for private sector workers was undermined by legislation signed by President Trump in April that blocked the Obama-era DOL’s safe harbor exempting states’ and municipalities’ auto-IRA programs from ERISA.Instead,...
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