PLANADVISER Weekend Newsdash
Week ending March 11th, 2016
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers. Judging by this week’s stable of top-clicked articles and the increasing amount of chatter among our trusted network of expert sources, anticipation over the pending release of the Department of Labor’s final fiduciary rule has reached a fever pitch. Our comprehensive coverage of this critically important issue can help retirement plan advisers sort out how the fiduciary redefinition will impact their firms—and what it will take to get into compliance. 
Editor's choice
Advice as a Fiduciary
“I do not provide advisory services to Employee Retirement Income Security Act participants. However, some of my clients ask me about plan distributions and individual retirement account rollovers and investments. Does the Department of Labor’s proposed redefinition of fiduciary investment advice affect me?” Trusted ERISA attorneys Fred Reish and Joan Neri consider the potentially confusing scenario.   Read more >
Effects of the Fiduciary Rule on Independent RIAs
You are a registered investment adviser who provides advisory services to retirement plans and participants and to individual retirement accounts. You are not affiliated with a broker/dealer and do not have proprietary products. How does the proposal affect your sales practices? Read more >
The New Fiduciary Rule and Annuities
The Obama Administration views how people draw down their retirement savings to be just as important as encouraging them to save in the first place. Consistent with this view, it is particularly concerned with the risk that retirees will outlive their assets and wishes to mitigate this risk by motivating plan sponsors and participants to annuitize retirement benefits. Read more >
Fiduciary Rule’s Best Interest Contract Exemption Raises Eyebrows
ERISA attorney David Kaleda considers how the DOL intends to affect adviser behavior in the retirement marketplace through a new exemption called the “best interest contract exemption,” or “BIC,” proposed along with the new regulation. Read more >
Robo Advice, Education and the Fiduciary Rule
One of the biggest challenges firms will face in implementing the DOL’s proposal is compliance with the “best interest contract” exemption. However, as proposed, that exemption specifically excludes robo-advice, defined as “investment advice that is generated solely by an interactive website in which computer software-based models or apps provide investment advice to retirement investors based on personal information each investor supplies through the website.” Read more >
MOST POPULAR STORIES
Many Retirees Spending More Than They Expected

However, retirees spend 32% less than non-retirees.

Consider All Individual Circumstances Before Suggesting 4% Retirement Income Withdrawal
An individual's investment allocation is a big factor to consider when deciding a proper optimal withdrawal rate of savings in retirement, but there are many other factors to consider as well.
Progressive Plan Design Features Have Moved Down-Market
These are streamlining plan administration, increasing investment diversification and improving participant outcomes.
ERISA Litigators Reflect on Lessons Learned in 2018
Lessons learned from district and appellate court decisions filed this year can help plan sponsor clients better protect their plans and fiduciary staff; 2018 also brought new trends in regulatory audits and investigations of advisers.
MetLife Pension Calculations Questioned in ERISA Complaint

The complaint suggests MetLife is failing to meet its obligations to ensure different annuity options offered to pension plan participants are actuarially equivalent default benefit, as required under ERISA.

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

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

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