[Guidance Overview]

SECURE Act's Safe Harbor for Lifetime Annuity Options Opens New Possibilities for Defined Contribution Plan Sponsors

"The SECURE Act safe harbor includes elements from the 2008 safe harbor, but changes some ... provisions, such as the requirement that the fiduciary appropriately conclude at the time of selection that the insurer could make all future payments.... There are a number of nuances and caveats related to the financial representations and the satisfaction of the safe harbor requirements."  MORE >>

Faegre Drinker

The DOL Is Focusing on Cybersecurity; Plan Fiduciaries May Want to Consider Doing the Same

"[T]he DOL could start such investigations -- and make adverse findings of fiduciary breach -- before it has issued guidance, which ... [occurred] with surprising regularity in its missing participant enforcement initiative.... As a starting point, ERISA plan fiduciaries may want to consider taking the immediate steps of reviewing service provider agreements[.]"  MORE >>

Morgan Lewis

How Annuities Can Fit Into a Fiduciary's Planning Process (PDF)

25 presentation slides. Topics: [1] The current state of annuity product types; [2] State of the market of DC annuities -- from a regulatory and operational perspective; [3] Products available and in development, Methods for evaluating annuities; [4] Determining when to include annuities in plan; [5] Placing plan annuities in context of broader financial planning; and [6] Predictions on how the institutional annuity space may evolve.  MORE >>

Broadridge Fi360 Solutions

1 in 5 Delaying Retirement Because of COVID-19

"[R]espondents [cite] the top reasons for the delay as a continued need for a monthly income (31%) and that the pandemic has impacted their ability to save (23%).... [O]ne in 10 retirement plan participants said the pandemic has actually caused them to retire sooner ... most often ... because of a pandemic-related change in perspective."  MORE >>

InsuranceNewsNet.com

CalPERS Whittles Prospective CIO Pool to Three Before Calling Off Search

"CalPERS had whittled the number of finalists for its next CIO to three, but announced Friday that it has suspended the search without making an offer and will pick it back up in June."  MORE >>

Pensions & Investments

Brokerage Account vs. IRA and Which Should You Invest In?

"While you may be more comfortable having long-term retirement vehicles in an IRA or 401(k), investors who can identify their life goals and have an investing strategy can justify using both an IRA and a brokerage account -- getting the added benefits both services provide."  MORE >>

U.S. News & World Report

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Mayer Brown Strengthens ERISA Fiduciary Capabilities with Addition of Erin K. Cho

Mayer Brown

Aegon Appoints Will Fuller as President and CEO of Transamerica

Aegon

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A Practical Guide to the Multiemployer Pension Provisions of the American Rescue Plan Act of 2021

March 23, 2021 WEBCAST

Groom Law Group

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It's Time to Revisit Social Security's Early and Delayed Claiming Formulas

Morningstar

ARPA's Effect on Pension Funding

ASC

American Rescue Plan Act Provides Funding Relief for DB Plans

CBIZ