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It is routinely reported that 10,000 Baby Boomers are retiring every day, and yet surveys continue to indicate that Americans plan to postpone retirement.   This raises the question: are more older Americans working? A recent Wall Street Journal article notes (subscription required) that... READ MORE
The DOL’s ERISA Advisory Council wrapped up a three-day series of public meetings Aug. 21 with a focus on lifetime plan participation. The Council’s final session honed in on whether and how communications and specific plan design features may be used to enhance participants’ decisionmaking... READ MORE
Jean-Dominique Butikofer joined the fixed-income team as head of emerging markets at Voya Investment Management. Butikofer will direct the firm’s investment strategy for emerging markets, including sovereign and corporate debt, macro analysis, country research, sovereign risk, currencies, local... READ MORE
It doesn’t take a lot of deep thought to determine the primary drivers of fees that are still largely based on asset size, but a new report takes a look at the “all-in” fees for 401(k) plans, and what drives — and doesn’t drive — those trends. The study, released by Deloitte and the... READ MORE
Participants in 401(k) retirement plans who work with financial advisors save more and have clearer financial goals than their peers, according to a study by Natixis Global Asset Management.  On average, workers contribute 8.6% of pay to their 401(k)s, but those who work with advisors... READ MORE
On the heels of a GAO report on issues with managed accounts and the offer nine months ago by Schwab to rebate fees to unhappy clients, TD Ameritrade made an interesting guarantee to rebate losses to investors in their managed account program.  After receiving an “approval” from regulators... READ MORE
The newly founded Financial Advocacy Network (FAN) has joined the LPL Financial custodial platform. FAN, an independent hybrid RIA group based in the Washington, D.C. area, supports four independent financial advisory practices with a total of 13 financial advisers and about $450 million in... READ MORE
Despite their lack of retirement savings, a new survey finds that Millennials feel more financially secure than any other age group. Not only do Millennials — those between 18 and 29 years old — feel more secure in their jobs and more optimistic about their current financial situation than... READ MORE
Advisors know that wellness programs — and increasingly financial wellness programs — are all the rage in corporate HR departments across the country. But one recently drew the attention — and a lawsuit — from the Equal Employment Opportunity Commission (EEOC). The EEOC said that Orion... READ MORE
The way an advisor looks at the world will determine the type of clients they attract, financial advisor blogger Michael Kitces notes. Kitces suggests that advisors who have an abundance mentality versus a scarcity mentality do better because they attract likeminded clients.  Clients with a... READ MORE
With the official report not due until September, a draft report released by the Oregon legislature's Task Force on Oregon Retirement Savings offers a blueprint of a proposed new mandatory auto-IRA program for the state. According to a report in the Oregon Statesman-Journal, the proposal calls for... READ MORE
In a recent Wall Street Journal article, “Hedge Funds in Your 401(k): Do they Fit,” (subscription required) Jason Zweig discusses the possible “place” of alternatives in 401(k) plans. In the article, “alternatives” refers to “anything other than plain old stock or bond portfolios.”  This... READ MORE
If you’ve been hiring, odds are you’ve stumbled across an embellishment or two. After all, a new CareerBuilder survey notes that 58% of hiring managers have caught a lie on a resume — and a third of these employers have seen an increase in resume embellishments post-recession.  According to... READ MORE
Pete Schroedle has been named regional vice president of retirement sales for the central region of the companies of OneAmerica. In this newly created role, Schroedle will oversee the Chicago, Cleveland, Detroit, Indianapolis, Kansas City, Minnesota, San Antonio and St. Louis offices. He will be... READ MORE
This week the ERISA Advisory Council turned its attention to the issue of outsourcing employee benefit plan services, how that might impact and influence fiduciary responsibilities, and even touched on how an accreditation program could help fiduciaries make more informed outsourcing choices... READ MORE
Nearly 8 out of 10 investors say they are tapping into some form of financial advice in planning for retirement, but there’s a wide variety in how that is happening, and who is taking advantage of it, according to a new Gallup poll. A plurality — 44% — say they turn to a dedicated financial... READ MORE
To sue or not to sue your employer over your 401(k) plan? That is the question that a Forbes guest columnist poses to plan participants, providing red flags that participants should look out for when determining whether to sue or not.  Citing abuses like high fees charged to federal... READ MORE
The U.S. Department of Labor has published a request for information on the use of brokerage windows, self-directed brokerage accounts and “similar features” in 401(k)-type plans.  “We promised employers and other plan sponsors and fiduciaries that we would look into the use of brokerage... READ MORE
On the heels of the CFP’s ongoing debate about the definition of a “fee only” advisor and pending SEC and DOL rules on the definition of fiduciary, ThinkAdvisor editor-at-large Bob Clark raises the question of whether a fiduciary advisor can or should accept commissions. The question was... READ MORE
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with an advisor in Minneapolis, MN is representative of... READ MORE
A new survey claims that 401(k) participants are more likely to have someone change the oil in their car than to have someone help them choose their 401(k) investments. The nationwide survey of 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services, found that 87%... READ MORE
While plan sponsors and workers are not always aligned on issues of plan design, a new survey finds agreement on the number one reason for lack of plan participation — a lack of understanding. According to Deloitte’s Annual Defined Contribution Benchmarking Survey, the most-cited reason by... READ MORE
Lincoln Financial Group’s Retirement Plan Services has announced enhancements to its Ibbotson Insight Series investment lineup available in the Lincoln Director employer-sponsored retirement plan program. The Ibbotson Insight Series now offers three preset lineups and, for plans looking to select... READ MORE
MassMutual’s Retirement Services division has added seven regional sales directors to support sales of defined contribution retirement plans in the emerging market — typically retirement plans with less than $15 million in assets — raising the firm’s total number of sales representatives for both... READ MORE
Two weeks, two acquisitions. RCAP, the parent of soon-to-be 11 IBDs with almost 10,000 reps including Cetera, has acquired Girard Securities and VSR.  Girard has $10 billion in AUM and 250 reps; VSR has 264. The chairman emeritus of Girard, Richard Woltzman, is considered to be a pioneer in... READ MORE

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