Happy Friday, readers! All eyes are on the Washington political power transition this week, and so our wrap-up newsletter looks at some of the latest actions by the DOL, SEC and other federal regulators. We’ve heard a real variety of opinions regarding the approach that may be taken by the newly minted Trump Administration when it comes to enforcing ERISA and other investment regulations, and we anticipate hearing a lot more in coming weeks. Stay tuned to for all the latest.
A Transamerica survey found that 34% of Americans believe extending the Saver’s Tax Credit to all filers regardless of income should be a priority for incoming President Donald J. Trump and the new Congress.
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Advisers are “keenly aware of their clients’ moods and recognize that there are no ‘one size fits all’ retirement plans in the face of an unpredictable future,” research shows.
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Retirement industry executives overseeing one of the largest recordkeeping businesses around say they are optimistic for the future of DC retirement planning, whatever policies emerge from Washington.
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Among the topline priorities for the Securities and Exchange Commission’s examination staff during 2017 will be “the services provided by public pension advisers” and an “expanding focus on senior investors and individuals investing for retirement.”
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Since the DOL conflict of interest rule’s publication, mutual fund providers and their adviser-intermediaries have also been asking the SEC extensive questions about sales loads, fee schedules, etc.
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