Compliance February 1, 2011

HELP Panel Schedules Retirement Savings Hearing

The Senate Health, Education, Labor and Pensions (HELP) Committee scheduled a hearing for Thursday to discuss “what can be done to help Americans save more for retirement.”
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The 2 p.m. session is entitled “Simplifying Security: Encouraging Better Retirement Decisions.” 

Scheduled witnesses include:

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  • Jean Chatzky, financial journalist, author, and financial editor for NBC’s Today Show
  • Lori Lucas, Executive Member of the Defined Contribution Institutional Investment Association
  • Julie Agnew, Associate Professor of Economics and Finance at William and Mary Mason School of Business
  • Jeffrey R. Brown, William G. Karnes Professor of Finance at University of Illinois at Urbana-Champaign College of Business

All hearings and markups are webcast live at: http://help.senate.gov.  Testimony and archived videos will be posted at: http://help.senate.gov/hearings/.

Products February 1, 2011

Securian Retirement Adds Web-based Tools for Advisers

Securian Retirement has introduced a “Compensation Calculator” for advisers, and a “Fiduciary Focus” guide for advisers to share with plan sponsor clients.  
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The Compensation Calculator shows advisers that going after employer-sponsored retirement plans can be a very profitable business decision, Securian said. Advisers enter expected cash flow and asset transfers and then choose one of the compensation schedules available; the calculator illustrates how compensation can grow over time.   

The Fiduciary Focus guide is designed to help advisers help their sponsor-clients with their fiduciary duties. On Securian’s online retirement center, advisers can find checklists, definitions, templates, and topic summaries to share with clients. Securian said that the tool is especially important now, due to the fee-disclosure rules plan sponsors will have soon have to follow (see “EBSA Releases Final 401(k) Fee Disclosure Rule”).

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“A retirement plan provides access to a captive audience of prospects for additional sales and another revenue stream for advisers,” said Bruce Shay, executive vice president, Securian Financial Group.

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