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
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
A New World and New Opportunities for Alpha
Pandemic-driven volatility has once again highlighted the relative virtues of active and passive management.
2020 PLANADVISER National Conference
More Sutter Health 403(b) Plan Participants Challenge Plan Investments

As in a lawsuit filed in July, the plaintiffs in the recent case challenge the use of an actively managed TDF suite over an index suite.

$10M NRECA Settlement Agreement Includes Administrative Changes

In addition to a $10 million payment to a settlement fund, the agreement calls for fee reviews and analyses to occur on at least a triannual basis.

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