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6 Matching News Items
1.  MutualFundReform.com Link to more items from this source
July 19, 2013
"The problem is that these surveys are aimed at the same people (plan sponsors) who necessitated the DOL to enact the new regulations in the first place. Unfortunately, many of these industry surveys ask the same people who are already clients to review their own performance.... [T]he same report also noted that over one-third (36%) of the plan sponsors surveyed believe that their Baby Boomer employees enrolled in their company retirement plans will work past the age of 65.... [But] if fees were reduced over the working careers of these employees, there is a good chance these same workers would not have to work past age 65 since their 401(k) accounts would be significantly larger."

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2.  MutualFundReform.com Link to more items from this source
July 17, 2013
"[W]ith the huge losses in both home prices and in their equity portfolios, anyone approaching retirement should be trying to recoup their losses as fast as possible. But the basic mathematics of finance is against that.... If you owned an S&P 500 index fund in 2008, that fund fell by 37.5%. To recoup this loss, it would take an investor over five years to recover this loss assuming the traditionally-accepted 9.4% historical rate of return in the S&P 500 Index with dividends re-invested."

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3.  MutualFundReform.com Link to more items from this source
July 7, 2013
"[W]hat's missing are some number showing the negative effect on millions of naive American investors who unknowingly pay up to 17 separate fees when they buy a mutual fund.... [R]evenue sharing and 12b-1 fees, which would come into the light if a fiduciary standard, were enacted, cost investors about $9.5 billion annually. These fees paid by unsuspecting investors -- in revenue sharing, 12b-1, and in 401(k)s -- dwarf anything SIFMA and other financial services lobbying groups have offered as a way to attract sympathy.... [The] fact is that the lack of transparency, and the lack of a fiduciary standard, is very profitable."

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4.  MutualFundReform.com Link to more items from this source
June 16, 2013
"Based on new data ... small plan costs fell from 1.47% to 1.46% in 2012, while large plan costs fell from 1.08% to 1.03%. Expenses for small plans were between 0.38% and 1.97%, while large plan expenses ranged from 0.28% to 1.41%.... In most cases, the difference in changing from a more expensive to a lower-cost fund fee will more than compensate for a decrease in any fund investment returns over time ... because the difference between market return and a fund's individual return is directly attributable to a fund's costs."

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5.  MutualFundReform.com Link to more items from this source
May 21, 2013
"[K]ey elements of the financial industry are actively promoting legislative, regulatory and legal campaigns designed to denigrate any benefits to customer-investors, including a powerful campaign underway by a financial trade group to derail any pro-fiduciary actions from the [DOL]. What's more, these recent actions are not isolated. They are part of the ongoing campaign to ignore any admission that the financial services industry is broken and that it has an institutionalized disdain for its own customers."

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6.  MutualFundReform.com Link to more items from this source
May 7, 2013
"[1] It highlights a critical problem that affects 90 million Americans who invest in the $13 trillion mutual fund industry. [2] It highlights three problems which are widespread, but not often publicly discussed: the impact of high mutual fund and 401(k) fees; the conflicts-of-interest that prevail in the financial industry sales and advice industry; and wealth destruction. [3] It presents the problem facing millions of Americans who face a financially insecure retirement future [4] It addresses how millions of unprepared investors are now engaged in a do-it-yourself retirement planning process. [5] It shows how employers have transferred all retirement planning and investment risks, and most of the costs, to their employees."

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Here's Help About the Advanced Features That Apply Whenever "All Words" Is Selected in the Search Form

  • Quotation marks have a special meaning when "All Words" is selected in the search form (instead of "Any Word"). Any group of words surrounded by quotation marks is required to be found exactly as they appear, in order for a news item to be a match (in other words, they denote an exact phrase).

    Example. "standard of review"

  • By default, every word must be found in a matching news item (hence the "All Words" nomenclature) unless you include the word "or" (whether or not capitalized). A news item is a match if it has one (or both) of the words on either side of "or".

    Example. vested OR vesting
    Note: This can bite you unexpectedly because the word "or" always triggers that functionality. You'll need to refrain from using the word "or" if you want a fully reliable result that matches "all words."

  • The left parenthesis and right parenthesis have a special meaning because they essentially turn multiple words into a single word equivalent. This is handy for words that are synonyms, whether grammatically or in industry usage.

    Example. If this were entered in the search form, a matching news item would need to contain either the word "vested" or the word "lifetime" (anywhere in the news item), plus the word retirement (anywhere in the news item), plus either the word "benefits" or the word "coverage" (anywhere in the news item):
    (vested OR lifetime) retirement (benefits OR coverage)

    You can separate sets of parentheses (or single words) with the word "AND," whether or not capitalized, if you prefer clarity (but this is not necessary because "and" is assumed when "All Words" is selected in the search form):
    (vested OR lifetime) AND retirement AND (benefits or coverage)

  • The word "not" has a special meaning because a news item will not match if it contains the word that follows the word "not" (whether or not capitalized).

    Example. A way to find news items about recently required plan document amendments, while excluding older items about the amendments that were required for certain laws enacted in 1982 or 1984, would be:
    (amended OR amendments OR restated OR restatement) NOT (TEFRA OR DEFRA OR REA)
    Note: This can bite you unexpectedly because the word "not" always triggers that functionality. You'll need to refrain from using the word "not" if you want a fully reliable result that matches "all words."

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