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May 22, 2015
SEC charges firm, execs with defrauding firefighter, police pension funds
The SEC has charged an investment advisory firm and two of its executives with selling unsuitable investments to pension funds for Atlanta’s police and firefighters, transit workers and other employees. ... Full Story
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May 22, 2015
Schlichter weighs in on Tibble victory
Jerry Schlichter says he wasn’t surprised by this week’s Supreme Court decision in Tibble vs. Edison. ... Full Story
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May 22, 2015
SIFMA calls DOL’s cost estimates baseless
All in, the Department of Labor’s proposed fiduciary rule would mean between $2.4 billion and $5.7 billion in compliance costs for the financial services industry over 10 years, according to cost estimates within the agency’s 200-plus page impact analysis, released in accord with the proposed regulation. ... Full Story
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May 22, 2015
ERISA experts weigh in on Tibble victory
The unanimous decision handed down by the Supreme Court in Tibble vs. Edison International has made clear plan sponsors have an ongoing fiduciary duty to monitor the investments in 401(k) plans. ... Full Story
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May 22, 2015
Washington becomes fourth state to OK private plans
The state of Washington has become the fourth in the country to provide for the formation of a private retirement plan marketplace for small businesses.... Full Story
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May 22, 2015
Sponsors could squeeze out higher retirement income
Sponsors of defined contribution retirement plans can boost participants’ retirement income by up to 20 percent or even more—just by throwing their weight around.... Full Story
News from BenefitsPro

May 21, 2015
31 million Americans with health insurance aren’t using it
To offset escalating health insurance costs, employers and insurers have been steadily shifting the burden of paying for medical care to the patients themselves. Higher premiums combined with increasing out-of-pocket expenses have been the primary strategies. The result: More people than ever who have health insurance are considered to be uninsured.... Full Story
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May 21, 2015
Zenefits unleashes more disruption
“This is by far the biggest change to our product since we launched two years ago,” Zenefits CEO Parker Conrad said.... Full Story
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May 21, 2015
SEC charges Atlanta advisor with defrauding police, firefighter pensions
Firm breached its fiduciary duty by selling unsuitable investments to pension funds for the city’s police, firefighters and transit workers, the SEC says.... Full Story
News from ThinkAdvisor

May 21, 2015
Savant makes Orion Capital its third RIA acquisition in 17 months
Illinois-based Savant’s total AUM rises to nearly $4.5 billion with latest deal. ... Full Story
News from ThinkAdvisor

May 21, 2015
PIMCO funds down, not out (yet): Morningstar
Still, the group has lost 37 percent of its assets since January 2014, research shows. ... Full Story
News from ThinkAdvisor

May 21, 2015
Europe is a ‘re-emerging economy’ for U.S. investors
Europe is now institutional investors’ No. 1 foreign investment target, followed by Asia and sub-Saharan Africa. ... Full Story
News from ThinkAdvisor

May 21, 2015
On Wall Street, if you earn more you cheat more, study finds
Across the industry, about one-third of financial professionals say comp and bonus plans compromise ethical standards. ... Full Story
News from ThinkAdvisor

May 21, 2015
AHIP's Ignagni moves to corporate side
AHIP COO Karen Ignagni is joining EmblemHealth, replacing its CEO Frank Branchini. ... Full Story
News from BenefitsPro

May 21, 2015
Most are happy with PPACA coverage, Kaiser survey says
A strong majority of individuals who purchased health insurance via an exchange are happy with their coverage. Most consumers purchase coverage, however, based upon the obvious costs — premiums and deductibles — without investigating overall cost of coverage. ... Full Story
News from BenefitsPro

May 20, 2015
Annual family health costs hit nearly $25K
A family of four with employer-sponsored health coverage is shelling out substantially more since the advent of the Patient Protection and Affordable Care Act. The cost of family coverage also is rising so fast that even this standard employee coverage package could trigger the 2018 Cadillac tax. ... Full Story
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