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Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams1/17/2014 • 1 Comments

Plan sponsors are increasingly looking at benefit costs, both health care and retirement. After all, in many organizations — and in most participant households — those costs must all be paid from the same budget. In a growing number of firms, “wellness” is a concept that has been extended to encompass not only health but financial matters as well. READ MORE

By Nevin Adams1/13/2014 • 0 Comments

Leaving a job brings with it nearly as much paperwork as joining a new employer does. Granted, you’re not asked to wade through a kit of enrollment materials, but you do have to make certain decisions, including what to do with your retirement plan distribution. READ MORE

By Nevin Adams1/6/2014 • 0 Comments

This is the time of year when in many parts of the country, the weather — and weather forecasters — dominate the nightly news coverage, certainly when the predictions are dire. Having lived in several different parts of the country, I can assure you that the bigger the projected snowfall, the more hyped the coverage. READ MORE

Fred Barstein

Fred Barstein

Fred Barstein

By Fred Barstein1/31/2014 • 0 Comments

Flying in the face of industry consolidation, TD Ameritrade announced Jan. 30 a bundled DC record keeping service geared for RIAs. Claiming that there are only a “few options” for RIAs, TD’s new service claims to simplify the process through a new bundled program that will include access to more 1,000 ETFs and 13,000 mutual funds. READ MORE

By Fred Barstein1/31/2014 • 1 Comments

Touting President Obama’s “MyRA” program, Labor Secretary Jacob Lew expanded on the proposal in a Jan. 30 letter. The new program is being created for low and middle income workers who do not have access to an employer-sponsored retirement plan, which is about 64% of private sector workers. READ MORE

By Fred Barstein1/30/2014 • 0 Comments

Earlier this week, just before Illinois Gov. Pat Quinn was set to deliver his State of the State address, 25 of the state’s major unions filed a lawsuit challenging the state’s attempt to reduce their pension liability, the Washington Post reports. READ MORE

By Fred Barstein1/29/2014 • 0 Comments

Michael Piwowar, the SEC’s newest commissioner, expressed concerns Jan. 27 that the agency’s rulemaking on the uniform fiduciary rule could cause confusion. Piwowar advocated instead for more disclosure and investor education. READ MORE

By Fred Barstein1/28/2014 • 0 Comments

According to research from Cogent involving more than 4,000 affluent investors, $280 billion is expected to be rolled over into IRAs this year. Key life events are the major trigger for rollovers by these investors, whose decisions are driven by low fees and expenses from their IRA provider, ease of process, brand and an existing relationship. READ MORE

By Fred Barstein1/28/2014 • 0 Comments

The DOL announced a settlement Jan. 27 with Western Asset Management, resolving a case in which the firm was alleged to have purchased securities for ERISA plans that were prohibited. The firm was also alleged to have engaged in prohibited cross-trading on other accounts. WAMCo will restore $17.4 million and pay a $3.6 million fine. READ MORE

By Fred Barstein1/27/2014 • 0 Comments

The percentage of workers over 55 years old has increased dramatically over the last 20 years, and is expected to rise even more in the next 10 years, according to research from the U.S. Bureau of Labor Statistics. From 1992-2002, the percentage of older workers increased from 11.8% to 14.3%. It stood at 20.9% in 2012, and is projected to reach 25.6% in 2022. READ MORE

By Fred Barstein1/27/2014 • 0 Comments

According to Callan’s recently released 2014 DC Trends Study, the 107 large and mega plans surveyed are expected to take aggressive action toward reducing both fees and the use of proprietary TDFs. They are also looking to continue the use of automatic features. The use of Roth plans, currently modest, is not expected to increase — as is the use of retirement income. READ MORE

By Fred Barstein1/27/2014 • 0 Comments

If January is a harbinger of industry consolidation for the rest of the year, then 2014 will be very active. READ MORE

By Fred Barstein1/27/2014 • 0 Comments

Action by the federal government to limit deferrals or inaction on its part to avert another government shutdown could seriously and permanently hurt the DC retirement system, ASPPA/NAPA executive director/CEO Brian Graff said last week. READ MORE

By Fred Barstein1/23/2014 • 0 Comments

In December, FINRA issued a notice (Regulatory Notice 13-45) reminding broker dealers of their responsibilities concerning rollovers, signaling their intent to focus more on this area. This week, FINRA issued an alert to investors cautioning them about issues surrounding rollovers, including “no fee” claims and conflicts of interest, as well as the options investors have and the tax consequences that accompany them. READ MORE

By Fred Barstein1/23/2014 • 0 Comments

The Spring 2014 issue of NAPA Net the Magazine will be published and ready for the NAPA 401(k) Summit in New Orleans March 23-25. The cover story will reveal the industry’s top wholesalers and what makes them great. Though we are almost sold out, we still have a few opportunities left for advertisers. READ MORE

By Fred Barstein1/23/2014 • 0 Comments

In a surprise to some experts, including Drinker Biddle’s Brad Campbell, the DOL has indicated that brokerage windows are on the docket for 2014. According to a report in Investment News, the DOL is expected to issue a request for comments in April as the first stage of a potential rule making project. READ MORE

By Fred Barstein1/22/2014 • 1 Comments

In a move that no one saw coming, Mohamed El-Erian, Bill Gross’ heir apparent at PIMCO and the face of the company, abruptly announced his resignation Jan. 21 in the wake of tough times for the giant bond fund manager. PIMCO saw net redemptions for the first time ever in 2013, spurred by withdrawals of $40 billion from its Total Return Fund. READ MORE

By Fred Barstein1/21/2014 • 0 Comments

In a deal that is sure to rock the independent broker dealer world and maybe the entire industry, RCS Capital bought Cetera Financial Group for $1.15 billion. RCS scooped up First Allied, Investors Capital and Summit Financial last year. All told, the combined group will have 9,000 reps, $1.65 billion revenue and $145 billion in AUM from Cetera, making it the third- or fourth-largest IBD. READ MORE

By Fred Barstein1/21/2014 • 1 Comments

What does it take to be a top DCIO provider? According to recently released brand equity research by Cogent involving plan advisors, having a strong retail brand is key, along with owning a record keeper. For record keepers, experienced advisors are looking for support and value for the dollar. READ MORE

By Fred Barstein1/17/2014 • 7 Comments

Rep. Dave Camp (R-MI), Chairman of the House Ways and Means Committee, may be pushing greater use of Roth IRAs as a way to generate more revenue without cutting limits on retirement savings, the Wall Street Journal’s John McKinnon blogs. READ MORE

By Fred Barstein1/17/2014 • 0 Comments

According to the New York Times, Detroit Bankruptcy Judge Steven Rhodes rejected a $165 million settlement plan in which Bank of America and UBS would pay off an interest rate swap contract that went south, claiming that the amount was too high. The judge’s ruling puts the city in a bind, since the casino revenue it had hoped to use as collateral for a loan with Barclays is tied up in the interest rate swap contract. READ MORE

By Fred Barstein1/16/2014 • 0 Comments

With the SEC likely to receive a fraction of the increased funding it had requested (according to the proposed Congressional budget for FY 2014), the agency is looking to employ streamlined examination procedures. Targeting the 1,000 advisors with three years’ experience that have never been examined, it’s likely that the SEC will use procedures previously employed for private funds, focusing on specific, high-risk areas. READ MORE

By Fred Barstein1/15/2014 • 2 Comments

As U.S. corporate pension funding levels reach 95%, more plans are eschewing equities and buying bonds instead to take risk off the table. The shift to bonds in Q3 2013 occurred at the fastest rate since 2008. READ MORE

By Fred Barstein1/14/2014 • 1 Comments

Rep. George Miller (D-CA) announced Jan. 13 that he will not seek election to a 21st term in the U.S. House of Representatives. As the top Democrat on the House Education and the Workforce Committee, Miller significantly affected the DC industry via his push for more fee disclosure and transparency — which eventually led to DOL regulatory initiatives in that area. READ MORE

By Fred Barstein1/13/2014 • 3 Comments

While the number of arbitration cases involving variable annuities declined in 2013, it did so at a slower rate than mutual funds and common stock, according to a Wall Street Journal report citing FINRA data. In 2012, VA cases were the only class for which claims increased, topping 200 claims. READ MORE

By Fred Barstein1/13/2014 • 0 Comments

When financial advisors in general, but plan advisors in particular, start growing, many realize that they are ill equipped to create and manage a business as opposed to managing a practice. Being a good advisor doesn’t necessarily mean that you’re a good business manager. READ MORE

By Fred Barstein1/10/2014 • 1 Comments

Never been examined by the SEC? Get ready. In a recent announcement of its 2014 priorities, the 4,000 or so advisors who have never been examined by the agency are in its crosshairs. READ MORE

By Fred Barstein1/9/2014 • 0 Comments

As pension funding improves, the Washington Post’s Michael Fletcher notes that more companies will offload some or all of their liabilities, through either lump sum payouts to workers or transferring risk to third parties. The ratio of liabilities to assets reached 93% at the end of 2013, up from 77% in 2012 — making it the highest ratio since 2007’s 106% mark. READ MORE

By Fred Barstein1/9/2014 • 0 Comments

What are the most significant trends that advisors and plan sponsors should look for this year? Chris Carosa of Fiduciary News posed that question to a group of industry professionals and advisors and came up with a wide range of thoughts and opinions. READ MORE

By Fred Barstein1/8/2014 • 0 Comments

According to a Reuters report, plans by Detroit’s Emergency Manager Kevin Orr to freeze the city’s pension plan and halt payments into the plan have been delayed to allow for the mediation process to proceed. Additionally, the city’s planned 401(k)-like plan set to launch in 2014 has been delayed due to the decision to freeze the pension plan, according to a story in 401kWire. READ MORE

Jerry Bramlett

Jerry Bramlett

Jerry Bramlett

By Jerry Bramlett1/29/2014 • 2 Comments

In a rather provocative article, Stacy Schaus, PIMCO’s DC chief, sounds the alarm about plan sponsors who “engage in a myopic search for the lowest fees possible for their DC plan.” READ MORE

By Jerry Bramlett1/23/2014 • 0 Comments

The title of a recent post by Schneider Downs, “New Trend in 401(k) Plans May Be a Headache for Fiduciaries” is a good description of what plan sponsors face as it relates to target-date funds. READ MORE

By Jerry Bramlett1/10/2014 • 0 Comments

Two recent studies challenge the most fundamental assumption undergirding the construction of virtually all target-date glide paths: that the best strategy is to wind down equity exposure as a DC investor nears retirement. READ MORE

By Jerry Bramlett1/2/2014 • 0 Comments

A recent Russell Investments paper, “Guidelines for Investing In Stable Value Post-2008,” provides a comprehensive overview and an excellent picture of what the stable value landscape looks like after the financial crisis. READ MORE

John Carl

John Carl

By John Carl1/28/2014 • 0 Comments

Responding to a question from an advisor in Alabama, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common question involving 401(k) plan matching contributions. READ MORE

By John Carl1/21/2014 • 0 Comments

Responding to a question from an advisor in South Carolina, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common question about available tax credits for retirement plan sponsors and participants. READ MORE

By John Carl1/14/2014 • 0 Comments

Responding to a question from an advisor in Florida, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common question related to the DOL’s definition of an investment advice fiduciary. READ MORE

By John Carl1/7/2014 • 0 Comments

Responding to a question from an advisor in Minneapolis, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common question involving IRA contributions. READ MORE

Warren Cormier

Warren Cormier

Warren Cormier

By Warren Cormier1/15/2014 • 0 Comments

Every day we find new factors that are affecting participants’ decisions regarding their retirement confidence, savings behavior and worklife. A common theme is that perception is more important than reality. Behavioral economists frequently talk of effects of “framing,” “anchoring” and “subjective self-perceptions” on decision-making and behavior. READ MORE

Jim Dornan

Jim Dornan

By Jim Dornan1/15/2014 • 0 Comments

Sen. Mary Landrieu (D-LA) will be keynoting the NAPA political action committee (PAC) lunch at the 2014 NAPA 401(k) Summit in New Orleans on March 24, 2014. She will talk to NAPA PAC contributors about tax reform, the Department of Labor’s upcoming fiduciary regulations and other issues currently before Congress. READ MORE

Brian Graff, Esq.

Brian Graff, Esq.

Brian is the Executive Director of NAPA. In this capacity he oversees NAPA’s operations. As a member of the Leadership Council, he charts the strategic direction for the organization. Brian also serves as ASPPA’s Executive Director/CEO — a post he has held since 1996.

He has been named one of 401kWire’s “50 Most Influential Persons in the 401(k) Industry” every year since 2007.

An attorney and certified public accountant, Brian was formerly Legislation Counsel to the U.S. Congress Joint Committee on Taxation. Prior to working on Capitol Hill, he was associated with The Groom Law Group, in Washington, DC, which specializes in employee benefits. He received his doctoral degree in law, cum laude, from the University of Pennsylvania Law School in Philadelphia. He holds a bachelor of science in accounting with distinction from Cornell University in Ithaca, N.Y.

By Brian Graff, Esq.1/9/2014 • 0 Comments

Here we go again. Yesterday, the Indiana Senate Labor and Pensions Committee unanimously approved legislation that would create a state-run multiple employer plan for private sector businesses in the state. The proposal is being pushed by AARP, which is arguing that there are no cost-effective retirement plan products available to small businesses in the state. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel1/31/2014 • 4 Comments

Employers are the key to a plan Sen. Tom Harkin (D-Iowa) unveiled Jan. 30 to dispel what he calls the “dark clouds” of retirement insecurity. Under Harkin’s “Universal, Secure and Adaptable (USA) Retirement Funds Act,” employers would be required to offer a new kind of retirement account. READ MORE

By John Iekel1/29/2014 • 0 Comments

Plan committees have fiduciary responsibility, and it’s in your clients’ interest to make sure they are fulfilling their duties. They can do that through meetings of those committees and quarterly reviews, our friends at the 401khelpcenter remind us, and offer some tips on those functions. READ MORE

By John Iekel1/25/2014 • 0 Comments

The Form 5500 provides much more than simple data about a plan’s assets and number of participants — it also shows what a plan is not doing. Or doing erroneously. The IRS examined 50 Forms 5500 filed by DC plans with less than $250,000 in assets and identified issues that the forms brought to light. READ MORE

By John Iekel1/23/2014 • 0 Comments

“I’m a fiduciary? What does that mean?” Strange as it may seem, there are plenty of plan sponsors who ask that question — more than half of them, in fact, according to Unified Trust Company CEO Dr. Gregory W. Kasten. In a Jan. 15 ASPPA webcast, “Breaking Down the Many Fiduciary Roles, Obligations and Service Models,” he offered information to dispel the fog regarding what a fiduciary does and can do. READ MORE

By John Iekel1/23/2014 • 0 Comments

Your clients made retirement plans available to their employees, and like most plan sponsors, they chose to allow participants to take loans from their accounts. Seemed like an innocuous enough provision at first. But then came the Great Recession and the tepid recovery in its wake. Presto! Lots of plan loans — and fresh record keeping and administrative challenges for plan sponsors and administrators. READ MORE

By John Iekel1/21/2014 • 0 Comments

A recent study by the LIMRA Secure Retirement Institute shows that not all information is equal — or even useful. The study found that while most employees find retirement income projections helpful, others found it wanting. READ MORE

By John Iekel1/17/2014 • 0 Comments

Target date funds reflect that flexibility and engagement have become firmly entrenched aspects of retirement plan management for both participants and plan sponsors. In a Jan. 14 NAPA webinar, “Target Date Trends and Evaluation,” T. Rowe Price’s Jerome A. Clark discussed how TDFs reflect greater discretion over how funds are managed. READ MORE

By John Iekel1/15/2014 • 0 Comments

You may know about the “butterfly effect” — essentially an action that ends up resulting in an unintended consequence, affecting things not originally in the line of fire. So goes the effort to reduce plan fees. It saves plans money, but it also is resulting in an increasing number of retirement plans turning to passively managed investment options. READ MORE

By John Iekel1/14/2014 • 0 Comments

For an increasing number of Americans, the word “retired” is a bit of a misnomer. Perhaps “redirected” is more like it. Demographics and the lingering aftermath of economic stresses on employers are major drivers behind a trend in which workers who are displaced — involuntarily or voluntarily — seize the opportunity for professional rebirth. For many, that means starting their own businesses. READ MORE

By John Iekel1/14/2014 • 0 Comments

Plan participants’ access to investment education and advice should not be the price of protecting them from unfair and deceptive practices. The New Democrat Coalition, a group of Democrats in the U.S. House of Representatives, urged Secretary of Labor Thomas Perez to follow that principle in a Jan. 13 letter. READ MORE

By John Iekel1/10/2014 • 0 Comments

Employees should save more for retirement. That has been financial experts’ advice for many years, and that belief now has some enthusiastic cheerleaders — employers. And they're doing more than just paying lip service to their support. READ MORE

By John Iekel1/10/2014 • 0 Comments

What do DB benefit plans, DC plans, and 403(b) annuity arrangements have in common? Yes, there’s the obvious. But also, they all are retirement plans that must file the dreaded and onerous Form 5500. And for most of them, the clock has begun to tick on filing the form that reports on 2013. READ MORE

By John Iekel1/9/2014 • 0 Comments

Concerns over plan fees are nothing new. The DOL has generated heated and seemingly perpetual discussion of the disclosure of fees, but the courts have brought to light another important perspective on 401(k) plan fees. Emily Peterson of Winston & Strawn writes that court rulings in 2013 serve as reminders to plan fiduciaries that benchmarking 401(k) plan fees and expenses merits their attention as well. READ MORE

By John Iekel1/7/2014 • 0 Comments

Advisors can still play an important role in helping plan sponsors and participants manage an employee’s funds even after retirement, a new study by Vanguard suggests. The vast majority of retirees (90%) continue to preserve their savings in tax-deferred accounts — either IRAs or through employer-provided plans, the study found — and they do so for a long time. READ MORE

By John Iekel1/7/2014 • 0 Comments

The need for financial advisors may not have changed, but the way they are recruited has. The application of electronic communication evolves endlessly; it has moved well beyond making finding and recruiting advisors faster and easier, and is now changing how they are recruited. READ MORE

By John Iekel1/6/2014 • 0 Comments

A new year is underway. What does it portend for retirement plans? And what should a fiduciary do? Two recent posts offer some answers. READ MORE

By John Iekel1/3/2014 • 0 Comments

Defined contribution plans are a centerpiece of the U.S. retirement system. But good design and laws such as the Pension Protection Act of 2006 that bolster those plans are not enough, argues a recent study, which suggests that good communication and effectively educating plan participants also are essential ingredients in the recipe for a strong DC plan. READ MORE

By John Iekel1/3/2014 • 0 Comments

One size doesn’t fit all. That’s a guiding principle of education, at least of children and adolescents. But that doesn’t always translate to education in all other situations, and teaching new financial advisors how to drum up new business is one of them. Jennifer Geoghegan, elite advisor coach and VP of marketing at Focus Financial Partners, argues that such training should be tailored to individual new advisors’ needs. READ MORE

By John Iekel1/3/2014 • 0 Comments

Aging population + shrinking workforce = retirement funding challenges. Many countries face this equation, and the fact that the world’s most populous one is among them underscores how widespread that problem has become. Recent research outlines China’s problem and what the likely responses to it may be. READ MORE

By John Iekel1/2/2014 • 0 Comments

The most serious and high-profile municipal bankruptcy of 2013 was Detroit’s. The city’s financial crisis has had many ramifications, including how the city will — or even can — handle its pension obligations. Does Detroit’s experience point the way for other cities that face similar financial and pension-related challenges? READ MORE

W. Andrew Larson

W. Andrew Larson

By W. Andrew Larson1/23/2014 • 1 Comments

Only about 14% of small employers sponsor some type of plan to help their employees save for retirement, according to a Government Accountability Office (GAO) report on retirement security and the challenges and prospects for employees of small businesses. Why are small employers not stepping up to the retirement plan plate? Well, maybe they are. READ MORE

Jennifer McKibben

Jennifer McKibben

By Jennifer McKibben1/30/2014 • 0 Comments

A strong fourth quarter capped off a big year at Merrill Lynch as Bank of America's brokerage business reaped the rewards of a rising stock market and some big investments in financial planning. READ MORE

By Jennifer McKibben1/27/2014 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in the inclusion of brokerage windows on the DOL’s 2014 agenda, Mohamed El-Erian’s departure from PIMCO, which record keepers and DCIOs have the top brands, the sale of Cetera and Jerry Bramlett's commentary on why target date funds can be a fiduciary headache. READ MORE

By Jennifer McKibben1/27/2014 • 0 Comments

A new strategy from the Principal Financial Group and National Benefit Services (NBS) can help financial professionals and their large-plan 403(b) clients manage the so-called "legacy asset" dilemma. READ MORE

By Jennifer McKibben1/25/2014 • 0 Comments

LPL Financial is launching a new and improved mobile app with better access to financial and market data, along with a new secure messaging system for communicating with clients. The firm says the enhanced app offers advisers greater real-time insight into market events and an improved ability for advisers to interact directly with clients. READ MORE

By Jennifer McKibben1/23/2014 • 0 Comments

DailyAccess Corp. has been acquired by Verisight, Inc., forming one of the largest independent providers of retirement plan and benefit services in the nation. The acquisition was announced Jan. 23 by DailyAccess president/CEO Tommy Thomasson. READ MORE

By Jennifer McKibben1/22/2014 • 0 Comments

Pimco has joined with London-based ETF provider Source UK Services to offer the first actively managed ETF focused on covered bonds. READ MORE

By Jennifer McKibben1/17/2014 • 0 Comments

J.P. Morgan Asset Management had assets under management of $1.6 trillion as of Dec. 31, 2013, up 7% from the end of Q3 and 12% from Q4 2012. The asset gain was attributed to net inflows to long-term strategies and market movements. READ MORE

By Jennifer McKibben1/17/2014 • 0 Comments

To help their clients improve efficiency in complying with the DOL’s 2012 fee/service disclosure regulations affecting plan fiduciaries, Commonwealth has partnered with Castle Rock Innovations to implement its AXIS Retirement Analytics Platform (AXIS), which includes data aggregation, benchmarking, single sign-on and 408(b)(2) modules. READ MORE

By Jennifer McKibben1/17/2014 • 0 Comments

MassMutual’s Retirement Services Division’s dedication to and experience in serving the retirement needs of the Taft-Hartley market for more than 40 years has helped the firm reach a new milestone. READ MORE

By Jennifer McKibben1/14/2014 • 0 Comments

MFS Investments is breaking new ground in the investment industry yet again. MFS, in partnership with State Street Global Advisors (SSgA), the second-largest ETF company, launched three actively managed large-cap ETFs the week of Jan. 6. READ MORE

By Jennifer McKibben1/14/2014 • 0 Comments

RidgeWorth Investments has announced plans to grow their sales teams by 30% in response to growing demand from financial advisors and institutional investors for its investment products. READ MORE

By Jennifer McKibben1/13/2014 • 0 Comments

Last week’s top five most-read stories on NAPA Net reflected keen interest in a married couple’s tactics for maximizing their IRA contributions, three prevalent criticisms of the DC industry debunked, SEC efforts to step up advisor exams, what fiduciaries should expect in 2014 and legislation in Indiana that would create a state-run multiple employer plan for private sector businesses. READ MORE

By Jennifer McKibben1/10/2014 • 0 Comments

After putting together the first six principles of successfully managing retirement income, Thornburg adds a seventh: clients need a written plan to ensure that their strategies fit into a monthly spending framework. READ MORE

By Jennifer McKibben1/10/2014 • 0 Comments

Broadridge Financial Solutions has announced that The Standard has selected Access Data, a Broadridge company, to provide DCIO reporting to fund partners offering products on The Standard's retirement record keeping platform. READ MORE

By Jennifer McKibben1/9/2014 • 0 Comments

How can advisors help sponsors evaluate which target date suite most closely aligns with their plan’s investment objectives? Are target date investors really better off from a behavioral and performance standpoint? Join Jerome A. Clark, portfolio manager at T. Rowe Price, to answer these important questions and more. The discussion will incorporate insights from behaviors of 2 million participants and 60-70 gatherings with advisors, consultants and plan sponsors. READ MORE

By Jennifer McKibben1/7/2014 • 0 Comments

Leveraging its global investment management capabilities, deep-rooted and experienced investment teams and 30-year history of alternative investing, Invesco is introducing six new liquid alternative open-end mutual funds. READ MORE

By Jennifer McKibben1/6/2014 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in FINRA’s announcement that it will focus on IRA rollovers, Labor Secretary Tom Perez lobbying congress on the EBSA’s fiduciary definition rule, advisor recruiting trends in 2014, a different new year’s resolution list and Allianz’s evaluation of 401(k) record keepers. READ MORE

By Jennifer McKibben1/6/2014 • 0 Comments

Michelle Borre and her investment analyst team have joined OppenheimerFunds’ global multi-asset group (GMAG). READ MORE

By Jennifer McKibben1/2/2014 • 0 Comments

Wells Fargo advisors will have to generate more revenue or meet even higher targets in 2014 to receive the same return revenue they did in 2013, InvestmentNews reports. Conversely, they will have even more methods available with which to overcome this new hurdle. READ MORE

John Ortman

John Ortman

By John Ortman1/31/2014 • 0 Comments

With the equity markets reaching new highs, participants in 401(k) plans are still unprotected from significant market drops. The majority of target date funds used in plans today are not designed to protect participants from bear markets or potential losses in fixed income that could accompany a rising rate environment. READ MORE

By John Ortman1/30/2014 • 0 Comments

Most plan sponsors are reluctant to make a change in their plan if nothing is broken internally. Few plan sponsors are able to envision the team requirements that are necessary to successfully design and implement a better retirement plan, writes Steff Chalk in the Winter issue of NAPA Net the Magazine. READ MORE

By John Ortman1/29/2014 • 0 Comments

The latest addition to the NAPA 401(k) Summit agenda promises to attract a full house: a point-counterpoint session featuring NAPA Executive Director/CEO Brian Graff and economics professor Teresa Ghilarducci. This year’s 401(k) Summit is set for March 23-25 in New Orleans. READ MORE

By John Ortman1/17/2014 • 0 Comments

Has open architecture, in spite of its many benefits, effectively turned investment funds into commodities? Is access to thousands of alternatives — funds that are in a constant state of change in performance relative to their competition — creating an increasing tendency to view money managers simply as fund manufacturers and less as strategic partners? READ MORE

By John Ortman1/17/2014 • 0 Comments

The Daily will not publish on Monday as we observe Martin Luther King Day. There will be about 72 hours in the long weekend. Take half an hour to reacquaint yourself with the intellect and righteousness of Dr. King, one of America’s true giants: READ MORE

By John Ortman1/14/2014 • 0 Comments

ING U.S. announced details Jan. 13 of the firm’s transition to Voya Financial later this year. The various ING U.S. businesses and legal entities plan to complete their transition to Voya on the following schedule: READ MORE

By John Ortman1/10/2014 • 0 Comments

In an industry created by — and sometimes burdened by — rules and regulations, most people and companies in the defined contribution market are just trying to improve the current system. When it comes to innovation, the industry struggles. So who is trying to truly innovate, what are they up to, and what do they think? Those are the questions we set out to answer in the cover story of the latest issue of NAPA Net the Magazine, which has just been posted online. READ MORE

By John Ortman1/7/2014 • 0 Comments

Financial advisors have yet to coalesce around a common methodology or set of products for generating retirement income for their retiree clients, making it more challenging for fund companies and annuity providers to leverage this market. Given today’s low interest rate environment, most advisors rely on traditional solutions, including dividends from equities or similar funds and ETFs, to create a retirement income stream for their retiree clients. READ MORE

By John Ortman1/6/2014 • 0 Comments

Morningstar announced the nominees for its 2013 U.S. Fund Manager of the Year awards on Jan. 6. Nominees are selected in five strategies: domestic stock, international stock, fixed income, alternatives and allocation. The nominees are: READ MORE

By John Ortman1/3/2014 • 0 Comments

People who make a living serving the DC market should be forgiven if sometimes they feel like one of those cowboys in an old Western, when the bad guy yells, "Dance, Podner!" and bullets fly every which way. Getting shot at comes with the territory, it seems. In that vein, Ascensus’ Todd Berghuis deconstructs and then rebuts three prevalent criticisms of the industry. READ MORE

By John Ortman1/3/2014 • 0 Comments

The John Hancock Investor Sentiment Index moved upward slightly in the fourth quarter of 2013, from +20 to +22, as investors grew increasingly positive toward investing in equities. The Index ended 2013 four points higher than the fourth quarter of 2012 and seven points higher than the same period in 2011. READ MORE

By John Ortman1/2/2014 • 1 Comments

Labor Secretary Tom Perez has been lobbying Democrats in Congress lately, advocating for the redefinition of fiduciary rule (now referred to as the “conflict of interest rule” by DOL officials) promulgated by his department’s Employee Benefits Security Administration, InvestmentNews reports. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo1/29/2014 • 8 Comments

The chatter about retirement benefits leading up to President Obama’s State of the Union address was that he will direct the Treasury Department to create a new federal retirement savings vehicle aimed at workers who lack access to a retirement savings plan at work. In fact, the president did mention this new “myRA.” Unfortunately, though, he coupled it with an attack on the tax incentives for retirement savings. READ MORE

By Andrew Remo1/25/2014 • 0 Comments

Polling conducted throughout the fall of 2013 suggests that the American public dislikes government shutdowns, but also dislikes raising or extending the debt limit. Congress’ first political imperative was to take a government shutdown off the table until after the 2014 mid-term elections. But will Congress have the same political will to address the unpopular debt limit issue now floating out there on its own? READ MORE

By Andrew Remo1/21/2014 • 0 Comments

According to a new report by the Congressional Research Service, the “cost” of the retirement savings tax deferral for traditional IRAs and retirement plan contributions for the self-employed is estimated at $14.9 billion in 2013 and is projected to increase to $17.6 billion in 2014 — an increase of 18%. READ MORE

NAPA Net Staff

NAPA Net Staff

By NAPA Net Staff1/29/2014 • 0 Comments

While there’s no question that 401(k)s will change over the next few years, questions abound about how sponsors can adopt or adapt the changes to make their plans more effective at getting participants ready for retirement. READ MORE

By NAPA Net Staff1/25/2014 • 0 Comments

Retirement experts believe your 401(k) plan will take on a new look and focus over the next few years as the industry introduces changes aimed at getting participants to save more money and do more planning for retirement. READ MORE

Don Trone

Don Trone

By Don Trone1/27/2014 • 0 Comments

Researchers have concluded that the answer to that either/or question is “yes.” Elite advisors are both born and made. READ MORE

By Don Trone1/27/2014 • 0 Comments

Researchers have concluded that the answer to that either/or question is “yes.” Elite advisors are both born and made.


By Don Trone1/23/2014 • 0 Comments

Before you read on, think about how you would respond to that question. Is what you do work, or is it an avocation? READ MORE