Presidential Candidates Need to Address Aging and Retirement |
With relatively flat fertility rates, rising longevity and 10,000 Baby Boomers turning 70 every day, America is becoming a “gerontocracy,” says Ken Dychtwald, chief executive officer of Age Wave in San Francisco.
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Fiduciary Rule-Driven Practice Changes Coming Into Focus |
A new survey of retirement plan services providers conducted by the SPARK Institute identifies some of the ways providers are planning to modify their business practices to work within the new fiduciary regulatory structure.
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Advisers Say Fiduciary Rule Will Help Business |
More than half of advisers polled think the DOL regulation will help their businesses by leveling the playing field on retirement advice and eliminating competition.
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Plan Committee Training Pitfalls |
“There is nothing in ERISA that requires fiduciary training of any kind, and there has been no formal guidance from the DOL indicating that training is required,” says Julie Stapel, a partner in the Chicago office of law firm Morgan, Lewis & Bockius LLP. “But, in recent examinations, the DOL has been asking sponsors when their plan committee members last received fiduciary training.”
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