PLANADVISER Weekend Newsdash
Week ending February 17th, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! We learned this week that the retirement plan advisory industry will have to wait even longer to see a Department of Labor Secretary first questioned and then either confirmed or denied by the U.S. Senate. You’ll likely have heard by now that President Trump’s first pick couldn’t get enough support to actually win the job—even from a Senate controlled by Republican allies—leading to a last-minute withdrawal for the nominee just before his confirmation hearings were set to start. Find below our initial coverage of the new nominee, Alex Acosta, along with the week’s other top news. 
Editor's choice
President Names DOL Nominee With Deeper Labor Ties
Days after the surprise withdrawal of Andrew Puzder as President Trump’s Labor Secretary nominee, the White House is now confirming their new pick for the job, former member of the National Labor Relations Board R. Alexander Acosta. Read more >
Fiduciary RIAs and Investment Brokers Have Opposing Views
A new Cogent Reports analysis explores the strong difference of opinion about the DOL fiduciary rule visible across different advisory market segments. Read more >
Lawmakers Move to Block Final Rule on State-Run Retirement Plans
Their concerns are that small businesses will be discouraged from offering retirement plans to employees, and that employees put into state-run plans will not have the protections of ERISA and will have limited control over their retirement savings. Read more >
Financial Wellness Should Focus on Building Confidence
Confidence likely has more bearing than actual financial acumen on a worker’s ability to improve his or her financial situation, Mercer concludes from survey findings. Read more >
MOST POPULAR STORIES
RIA Aggregators Aim for Small-Plan Market Expansion

OneDigital and Ascensus recently announced the availability of a ‘co-created small market solution,’ making OneDigital the latest adviser aggregator to launch a DC plan solution targeted at small businesses.

‘Secure Act 2.0’ Likely to Become a Reality

Retirement Plan Execs Confident Senate Will Pass the Bill Into Law

10th Circuit Affirms Great-West Fee Suit Dismissal

The district court ruling in the case, now backed by an appeals court, stands out for having been filed alongside a sanction declaring the plaintiff’s law firm Schlichter Bogard & Denton behaved “recklessly.”

T. Rowe Price CEO Change Reflects Financial Industry Trends

During a conference call held to discuss the pending retirement of Bill Stromberg, CEO of T. Rowe Price, leaders at the firm highlighted the growing importance of socially responsible investing and the need to improve diversity and inclusion in financial services.

The Future of Health Care—and What It Means for Retirement Planning

As health care costs rise, there is more overlap than ever between health decisions and financial decisions. So much is obvious to forward-thinking financial advisers, but what is less clear is where health care itself is heading in the 21st century.

rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850