PLANADVISER Weekend Newsdash
Week ending April 7th, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! The biggest news of the week was the decision by the Department of Labor to delay the new fiduciary rule by 60 days. Thus, rather than taking effect this coming Monday, April 10, it will take effect on Friday, June 9. However, given the tenor of the Trump administration and the president’s predilection for fewer regulations, it is possible that it could still be shelved altogether. That could potentially be very unfortunate for investors, as a coalition of consumer groups maintains that without the fiduciary rule, investors are being overcharged by unscrupulous advisers to the tune of $17 billion a year.
Editor's choice
Compliance
DOL Delays Fiduciary Rule by 60 Days
The Department is making the move in response to the Trump memorandum. Read more >
Compliance
Consumer Groups Vow to Continue Fighting for Fiduciary Rule
Their “Retirement Ripoff Counter” shows that without the protections of the fiduciary rule, investors are losing $1.9 million an hour, $46 million a day—and $17 billion a year. Read more >
Compliance
Coalition Deploys to Defend Retirement Savings
An organization comprised of industry advocates and businesses is set out to expand Americans’ access to retirement plans and protect the system’s retirement tax incentives. Read more >
Compliance
EBRI Calls for Auto Plan Portability
If workers could automatically roll their 401(k) plan over to a new employer, the Institute says this could generate an additional $2 trillion in retirement savings. Read more >
Practice Management
B/Ds That Support Advisers Boost Adviser Productivity
Their practice management programs also help attract and retain advisers. Read more >
MOST POPULAR STORIES
‘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.”

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.

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.

Scrutinizing TDFs and Considering Balanced Funds
Both options hold more than a trillion dollars in assets; weighing their relative merits remains an important task for advisers and their clients.
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