Week of November 18, 2016
NOTE FROM THE EDITOR
Happy Friday, readers. It is encouraging to learn that Millennials are participating more in retirement savings. Hopefully, younger investors will continue to be better prepared for retirement, and in the years ahead, we see even more impressive steps taken by Gen X investors. In the past week, Capitol One announced it will eliminate commission-based individual retirement account (IRA) sales, joining the likes of JP Morgan Chase, Merrill Lynch, Cambridge Investment Group, and the Commonwealth Financial Network. Another significant piece of news is that defined contribution (DC) specialists are embracing custom target-date funds (TDFs) As a heads up, we will not be publishing PLANADVISERweekend next week, as it is the day after Thanksgiving and our office will be closed. We wish you a very happy Thanksgiving Day for you and your families.
EDITOR'S CHOICE
Data and Research
Scorecard Reports Millennials Are Participating More in Retirement Savings
The key to the increase in engagement seems to be automatic and mobile enrollment.
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Products
Capitol One Eliminates Commission-Based IRAs
As the implementation date for the Department of Labor (DOL)’s Conflict of Interest rule approaches, Capital One Investing will be moving away from commission-based products within its retirement-account services.
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Investing
DC Specialists Embrace Custom TDFs
The number of DC specialist advisers making customized target-date fund recommendations has increased significantly in just the last year.
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Compliance
Second Suit Targets Edward Jones Over Self-Dealing Claims
Edward Jones is being accused by another set of plaintiffs of favoring the investments of its “preferred partners” in its 401(k) plan, enriching the firm at the expense of performance.
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Compliance
Financial Engines and Xerox Questioned in ERISA Suit
The latest ERISA lawsuit to be filed targets Xerox and Financial Engines for advice arrangements negotiated between the firms and several Ford Motor Company retirement plans.
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MOST POPULAR STORIES
Compliance
Retirement Policy Proposals Already in Place for Trump Administration
While it is hard to predict what is coming, there is no shortage of retirement policy proposals for the next administration to consider. 
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Investing
Doll Outlines 10 Investment Themes Following Trump Win
Bob Doll says the GOP sweep is poised to help corporations and boost the economy.
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Compliance
Recordkeeper Not Liable for 401(k)'s Failure to Provide Financial Audit
In addition to imposing penalties for failure to provide requested plan documents to a 401(k) participant, a federal district court found the plan filed a simplified Form 5500 in years it was not allowed to do so.
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Deals and People
Retirement Industry People Moves
Voya Expands Retirement Business; First Eagle’s Retirement Investment Solutions Group Takes Flight; Wagner Law Group Adds Partner; WealthPLAN Partners Announces New B/D and Custodian Relationships; and more.
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Compliance
Financial Engines and Xerox Questioned in ERISA Suit
The latest ERISA lawsuit to be filed targets Xerox and Financial Engines for advice arrangements negotiated between the firms and several Ford Motor Company retirement plans. 
Read more >
Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
Advertising: Paul Zampitella paul.zampitella@strategic-i.com
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