The 2016 volume of PLANADVISER marked our 10th year in print.
Some features of the magazine have changed over the years, but looking back we are particularly proud of our consistent stable of Employee Retirement Income Security Act (ERISA) attorney columnists. We hope our audience has benefited as much as we have from reading their thoughtful and timely opinion articles about a variety of pressing industry issues.
Collected below are some of the best 2016 columns from esteemed ERISA attorneys including Fred Reish and Joan Neri (authors of ERISA Vista), Marcia Wagner (author of Fiduciary Fitness) and
David Kaleda (author of Compliance Consult). They will be back in 2017 for another year of opinion and insight.
ERISA VISTA: Sweeping
Changes in Advice
Retirement plan advice has changed to respond to plan
sponsors’ desire for assistance in satisfying their fiduciary duties; the
increased pressure on reducing costs; and the needs of aging Baby Boomers.
Here’s our list of some of the most significant changes. [Read
ERISA VISTA: Rollovers
Under the Fiduciary Rule
"I’m an adviser who provides investment advice to ERISA
[Employee Retirement Income Security Act] plan committees. I also provide
wealth management and financial planning services to individuals. Under the
final Department of Labor fiduciary rule, will I be able to advise plan
participants or wealth management clients about their distribution options
under a plan or an individual retirement account?" [Read
ERISA VISTA: Referrals
Under the Final Fiduciary Rule
If the person making the recommendation—the
referrer—receives a fee for the recommendation, it will be a fiduciary act when
the rule becomes applicable, on April 10, 2017. That means the referral fee may
be a prohibited transaction. [Read
ERISA VISTA: Mastering
The compensation rules are complex, but it helps to
understand that they center around three concepts—that they be: level,
reasonable and neutral. The compensation rules also impact your firm. However,
this column focuses on the rules that impact you. [Read
NEXT: Fiduciary Fitness