Supreme Court Decision Strengthens “Duty to Monitor” Requirement

Part of Invesco’s Legislative Insights series

Supreme Court Decision Strengthens “Duty to Monitor” Requirement

A US Supreme Court decision earlier this month appears to strengthen the independence of the “duty to monitor” investment requirements for an ERISA plan.

While the Supreme Court remanded specifics in the Tibble v. Edison fee case back to the Ninth Circuit Court of Appeals for resolution based on the facts, the decision solidifies the “ongoing duty to monitor” investments as a separate, distinct fiduciary duty from the duty to exercise prudence in selecting investments for use on a defined contribution plan investment menu.

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Just Another Manic Monday

Part of The Business of Retirement series

Just Another Manic Monday

Have you noticed a manic feeling on Monday mornings when your inbox is packed with new email, but you’re in a hurry to get to work? So you scan through this deluge quickly, routinely deleting the apparently unimportant and unrecognized messages.

But wait … somewhere in this weekly rush may be opportunity lost — possibly for you, and certainly for the sender.

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When Scoring Your Portfolio, Think PGA, not NBA

‘Best-of-seven’ is the rule for the NBA playoffs, but investors should measure their success like a golfer

When Scoring Your Portfolio, Think PGA, not NBA

As I watch the ongoing saga of the NBA playoffs, I’m fascinated by all the different ways commentators can slice and dice statistics. How many times has the home team won its playoff series? Has any team ever come back from a 3-0 series deficit? When a team is ahead at halftime, how likely is it to win the game?

Of course, as any true fan knows, there’s just one number that really matters in the NBA playoffs: four. Why? In the league’s best-of-seven playoff format, the first team to win four games is the series victor. It doesn’t matter whether the team won those games by 30 points, or by a single basket.

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QLAC Quelled: Low Demand Stalls Annuity Take-Up

Part of Invesco’s Legislative Insights series

QLAC Quelled: Low Demand Stalls Annuity Take-Up

Retirement industry experts cheered last year’s Treasury Department rule facilitating access to longevity annuities in group retirement plans. The rule allows 401(k) participants to move up to 25% of account assets, up to a maximum of $125,000, into a qualified longevity annuity contract (QLAC), which distributes income to retirees later in retirement, typically after age 85. But so far, both adoption of the QLAC feature and selection of other annuity provisions within plans have been slow going.

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Let’s Get Active!

Part of The Business of Retirement series

Let’s Get Active!

This holiday season my wife gave me a wonderful gift – a Fitbit. It’s a small device you wear or carry all day to count how many steps you take and how many calories you’re burning. I was skeptical to say the least. However, I decided to try it and linked it to my smart phone to monitor my activity. Much to my surprise I became addicted to checking my progress. I was inspired to increase my activity, and have more than doubled my daily steps since using the device — improving my overall health.

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Multi-Employer Mouse Trap Is Set

Part of Invesco’s Retirement Strategies series

Multi-Employer Mouse Trap Is Set

Cleaning the attic recently, I found our old “Mouse Trap” game. You may recall this board game: Players initially cooperate to construct a deliberately complex chain-reaction mousetrap before becoming adversaries trying to trap each other’s mouse-shaped game pieces. The jingle for the game’s ad guaranteed that “it’s the craziest trap you’ll ever see.”

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