April 28th, 2016

ICI Supports Bills Against Fiduciary Rule In a letter to lawmakers, ICI’s president urged Congress to support bills that offer a different way to implement a best interest standard. Read more > Fifth Third Standard Applies to Closely Held Company Stock Suits A district court judge said her reading of the U.S. Supreme Court’s decision in Fifth Third v. Dudenhoeffer does not preclude application of the “alternative action” standard to closely held companies. Read more > Charles Schwab Stops Purchases of Load Mutual Funds As of May 2, Charles Schwab clients will no longer be able to purchase Class A Load mutual funds. Read more > Participants Report Low Levels of Trust Trust in one’s respective retirement plan recordkeeper held steady in the last year, but it’s still relatively low.  Read more > Majority of Millennials Receive Financial Support From Parents The younger generation wants help with financial planning and investing, but tends to rely on friends and family for advice rather than working with an adviser. Read more > MOST READ ARTICLES

Sponsored message from T. ROWE PRICE Strengthen your practice with financial wellness Get actionable ideas to help position your financial wellness offer with clients and prospects. Read more > PBGC Hopes to Introduce Late Premium Penalty Reductions The Pension Benefit Guaranty Corporation is proposing to cut penalties for late payment of premiums in an effort to reduce costs and make it easier for plan sponsors to maintain traditional pension plans. Read more > J.P. Morgan Underscores Value of Re-Enrollment The firm has issued a white paper in honor of the 10-year anniversary of the PPA. Read more > Research Library Compiles Asset International Data Asset International, publisher of PLANADVISER and PLANSPONSOR, has launched a new research library compiling data and analysis from across its global media and analytics businesses. Read more > Principal, Groom Law Explain New Fiduciary Rule “Like advisers, our goal is to minimize disruption for plan sponsors as we work to understand the impact of the new fiduciary regulation,” says Greg Burrows, senior vice president of retirement and income solutions at Principal. “We all want to help separate the facts from the myths in this changing environment.” Read more > PRI Offers Compliance Resource to LPL Advisers RetirementAdvantage is now available through LPL’s Vendor Affinity Program. Read more >

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