PLANSPONSOR Weekend Newsdash
Week ending February 10th, 2017
Happy Friday, PLANSPONSOR readers! Breaking News: Blackstone is set to acquire the benefits and HR business of Aon plc. In other news, a court ruling has created even more confusion—if that’s possible—about implementation of the Department of Labor’s (DOL)’s fiduciary rule; researchers have suggested that expected low returns in the future, as well as longevity, will create a need for retirement plan savers to put away even more money; lawmakers have moved to block the DOL’s final rule on state-run retirement plans; and industry experts say nothing will change soon due to President Donald Trump’s executive order about the Affordable Care Act (ACA). Enjoy this edition of PLANSPONSOR Weekend.
Editor's choice
Deals and People
Blackstone to Acquire Aon Hewitt’s Benefits and HR Administration Platform
Private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Aon plc’s technology-enabled benefits and human resources platform, currently part of Aon Hewitt. Aon Hewitt says this transaction sharpens its focus on delivering advice and solutions, accelerates innovation on behalf of clients and improves return on invested capital.Read more >
Compliance
DOL Fiduciary Rule Wins Another Court Victory
A district court judge in Texas concluded the crafting and implementation of the fiduciary rule fit squarely within the DOL’s authority.Read more >
Data and Research
Low Returns, Longevity Mean Greater Retirement Savings Rate Needed
Different scenarios mean investors may need to save 25% of income to achieve retirement goals due to low expected equity returns and longevity, a research report finds.Read more >
Compliance
House Lawmakers Oppose State-Run Retirement Plan Rule
They have submitted resolutions to block the final regulations.Read more >
Benefits
ACA Executive Order Does Not Stop Plan Sponsor Actions
Despite an order by Trump to minimize the burden of the Affordable Care Act, industry experts say nothing will happen soon, and even after any repeals, plan sponsors may keep doing what they are doing.Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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