PLANADVISER Weekend Newsdash
Week ending March 10th, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! This week Merrill Lynch again grabbed headlines for being an early mover on fiduciary rule reforms. The firm, which in 2016 was among the first to announce it would halt sales of mutual funds within its commission-based IRA platform, tells PLANADVISER it will continue to move in that direction—with some important tweaks to its strategy now that the Trump administration has delayed the new fiduciary paradigm. Get the full story, as well as our latest coverage of industry litigation and regulation, below. 
Editor's choice
Dodd-Frank Repeal Battle Parallels Fiduciary Fight
Federal agencies and initiatives carry significant momentum and must be redirected carefully, but forcefully, by any incoming president. Read more >
DOL Fiduciary Defenses Prevail In District Courts, But Does It Matter?
A series of recent district court decisions show strong deference for the DOL’s right to promulgate a more aggressive fiduciary standard—how relevant the decisions will remain under President Trump is still anyone’s guess. Read more >
DOL Fiduciary Workshops Support Client Compliance
Speakers from the DOL will discuss basic fiduciary do’s and don’ts associated with operating an employer-sponsored retirement plan. Read more >
Joint Congressional Resolution Targets Public DC Plans for Private Sector
GOP lawmakers in the House and Senate suggests it is a federal government overreach for DOL to encourage or require states to offer workplace retirement savings programs for private sector workers. Read more >
Connecticut Aims To Strengthen 403(b) Provider Reporting
Service providers to tax-qualified 403(b) plans already have certain federally mandated conflict of interest reporting requirements, but the Connecticut State Legislature may also step up and play a role. Read more >
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TOP 100 Retirement Plan Advisers
Noteworthy retirement plan specialists, based on number of plans and total assets under advisement.
What Is a DOL Adviser Investigation Like?
The number of Department of Labor investigations of financial advisers has steadily increased over the years; here is a primer on the DOL’s sources of authority, and what to expect when examiners come knocking.
Americans Worry About Running Out of Money in Retirement

CPA financial planners say Americans are also concerned about maintaining their lifestyle and not being able to meet rising health care costs.

Court Returns Mixed Ruling in Schwab ERISA Self-Dealing Suit

The detailed ruling comes after Schwab defendants moved to dismiss in part the plaintiff’s second amended complaint. 

Retirement Industry People Moves

Schroders announces North American distribution hires; Senior consultant joins PEI; Wise Rhino Group hires managing director; and more. 

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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