PLANADVISER Weekend Newsdash
Week ending April 8th, 2016
NOTE FROM THE EDITOR
Happy Friday PLANADVISER readers! It goes without saying that it has been a big week for the retirement plan advisory industry, with the long-awaited release of the Department of Labor’s final fiduciary rule coming Wednesday morning. The industry’s mostly positive reaction makes clear the serious compromises worked into the final rule language, compared with previous proposed versions from 2010 and 2015. Our weekend newsletter has all the information and analysis you need to get caught up on All Things Fiduciary. 
Editor's choice
Most Reacting Positively to Fiduciary Rule
Consumer groups were especially pleased with the final rule. Nancy Zirkin, executive vice president and director of policy at The Leadership Conference on Civil and Human Rights, said, “This common sense rule will ensure that when working Americans turn to financial professionals for help, they will get honest advice that’s in their best interest—not a self-serving sales pitch.” Read more >
Fiduciary Rule Shows Washington Compromise Can Still Happen
More than a few industry insiders and analysts have tipped their hats to DOL and Labor Secretary Perez for listening carefully to criticism and reshaping some of the most controversial elements of the new fiduciary rule. Read more >
Americans Strongly Back Fiduciary Reform
A strong majority of investors surveyed by Financial Engines believes advisers should be legally required to provide “non-conflicted advice” in retirement planning contexts.  Read more >
MOST POPULAR STORIES
NQDC Plans Increasingly Used to Try and Draw, Retain Execs

Nonqualified deferred compensation plans are an increasingly popular tool in the talent war for top executives, with significant growth at small and mid-size firms.

Wait, SECURE 2.0 Might Not Pass?

The legislative package may be running out of time, suggested Senator Ben Cardin at the EBRI Retirement Summit.

AARP Finds Major Gap Between Retirement Goals and Preparedness

A new AARP study finds there is still a wide gap between the importance people put on retirement planning and their sense of preparedness.

A Reminder to Avoid Fraudulent Hardship Withdrawals

An individual in Ohio was recently indicted by a grand jury on charges that he fraudulently claimed the assets he withdrew from his retirement account would be used to purchase a primary residence and to pay medical expenses.

Fitch: SEC “Crack Down” on ESG Greenwashing to Continue

Retirement plan advisers should be aware both of SEC charges against those offering ESG funds, as well as the new DOL rule paving the way for ESG use in retirement plans, a consultant advises.

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