Last Week on NAPA Net

The week of Feb. 4 included these highlights: Surveys and Industry News • Stock and bond fund inflows hit all-time records in January • The Wall Street Journal reported that more people will be delaying retirement due to losses incurred during the great recession • EBRI reported record high account balances for January • LIMRA projected that investible retirement assets for people over 50 will hit $22 trillion in 2020, nearly double the 2010 total • There’s a digital divide among generations that requires different types of education, according to a OneAmerica survey • Millennials are more conservative than Boomers and less likely to trust an advisor • E*Trade launched a frontal advertising attack on advisors and “hidden” 401(k) fees • Pension envy has hit private workers jealous of public employees, according to the Wall Street Journal • Manulife reported strong financial earnings, driven by their U.S. record keeping division Analysis • Bill Gross warned about a crisis fueled by the overheated credit markets • Nevin Adams highlighted the difficulties facing advisors in projecting participant outcomes • Fred Reish explained why income projections that will appear in participant statements will be beneficial • Harvard professor Brigitte Madrian testified before Congress about the benefits of retirement income products in DC plans • Sarah Simoneaux and Chris Stroud described the practical effects of fee disclosure and project their impact Compliance • John Carl broke down a call with an advisor who inquired about the definition of an active participant for purposes of calculating IRA contributions • The DOL offers a helpful booklet about auto-enrollment 401(k) Summit Highlights NAPA Net reported on highlights from the upcoming 2013 NAPA/ASPPA 401(k) Summit, set for March 3-5 in Las Vegas: • In his keynote address, MIT Professor Simon Sinek will explain how advisors can differentiate themselves by focusing on the “why” versus the “what” • How to get reporters to call you * NAPA/ASPPA’s traditional charitable event this year will benefit the Las Vegas Boys and Girls Club The Summit — already the industry’s largest event — promises to break all-time attendance records this year. Have you registered yet?