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 >
MOST POPULAR STORIES
Many Retirees Wish They Had Delayed Taking Social Security Benefits

MassMutual says a married couple that lives into their 90s but decides to begin their Social Security benefits at age 62 as opposed to age 70 could be leaving as much as half a million dollars on the table, or forfeiting $2,000 to $4,000 a month for life.

Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action

Besides a lengthy Finance Committee hearing discussing the popular RESA legislation, the day on Capitol Hill also brought news of the introduction of the new Retirement Security and Savings Act.

Institutional Plans See Strong Q1 2019 Returns

U.S. equities were the driver of rebounds from the 4th quarter of 2018, according to the Northern Trust Universe and the Wilshire Trust Universe Comparison Service.

RESA, RSSA, SECURE Act and More Pile Up in Congress

Sources say the SECURE Act could pass the House this month, potentially setting the stage for a reconciliation process that could bring together common elements of multiple pending bills.

Excessive Fee Suit Filed Against Greystar Management

The lawsuit accuses the sponsor of a small 401(k) plan with failing to monitor and correct excessive fees.

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

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

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