BNY Mellon Adds Regulatory News to Web Site

BNY Mellon Asset Servicing is adding a section on its Workbench platform to address the influx of industry rules and regulations.

A news release said the goal is to help institutional investors respond to new regulatory proposals, reforms, and resulting requirements affecting their firms.  

The service provides summaries of newly proposed regulations and changes, as well as any additional updates during the various stages of a proposed item’s development

“The regulatory landscape over the last few years has experienced sweeping reform and calls for greater transparency and oversight in financial investments,” said Dan Wywoda, head of global product management for BNY Mellon Asset Servicing, in the news release.  “These dynamics are shaping the way all our clients do business.  As new regulatory items are introduced, we’ve been identifying the likely impact on clients and introducing new products and enhancements to address those changes.”

White Paper Helps Conduct an Effective Provider Search

The Principal has published a white paper that aims to help advisers guide their plan sponsor clients through the search for the best-fitting retirement plan provider.   

The paper, “Best Practices: Making it Personal when Conducting Provider Searches for Plan Sponsor Clients,” discusses ways in which an adviser can prove his worth to a client when the often-times frustrating process of choosing a plan provider is underway.   

The paper was written by Todd Timmerman, CEBS, managing director at The Principal. It identifies six key steps to conducting service provider searches from the initial contact to the final selection, and emphasizes the importance of customizing the search for each client.   

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“If the desired outcomes of a search aren’t identified at the outset, the selection process can be difficult and frustrating for the plan sponsor,” said Tim Minard, senior vice president of retirement distribution at The Principal. “Financial professionals can add tremendous value by ensuring the search process is strategic and deliberate.

The white paper is available at www.principal.com/financialpros.    

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