PLANSPONSOR Weekend Newsdash
Week ending May 27th, 2016
Happy Friday, PLANADVISER readers! We hope many of you are planning for a three-day weekend to celebrate Memorial Day; unfortunately the top-clicked articles this week don’t make for very relaxing reading. Another round of ERISA litigation has been filed, including an excessive fee suit targeting a $9 million ‘micro plan.’ In this week's editor's picks, our expert columnists provide the insights you need to protect your clients. *Please note, we will be back Tuesday with the latest industry news.*
Editor's choice
Fred Reish and Joan Neri: ERISA Vista
Fred Reish, chair of the Financial Services ERISA practice at the law firm Drinker, Biddle & Reath, and Joan Neri, counsel on Groom’s Employee Benefits and Executive Compensation Practice Group, field pressing compliance questions from readers and clients—with a recent focus on the DOL fiduciary rule.  Read more >
Marcia Wagner: Fiduciary Fitness
Marcia Wagner, ERISA expert and founder of Wagner Law Group, digs into the latest litigation and legislation of import to employer-sponsored retirement plans. Recent topics range from “The New Fiduciary Rule and Annuities” to “Expanding Coverage via State Plans.” Read more >
David Kaleda: Compliance Consult
David Kaleda is a principal in the Fiduciary Responsibility practice group at the Groom Law Group. His writing complements our other columnists and considers the art of managing requirements from the SEC, FINRA, DOL and all the other regulators watching over the ERISA industry.  Read more >
Join Our Upcoming PLANADVISER Fiduciary Rule Webcast
Our April 20th webcast for plan advisers offered a first-look at the results of the DOL’s final fiduciary regulations. As expected, a significant number of advisers tuned in. As a follow-up, our panel of experts will address some of the key questions that were submitted during that forum. Sign up here for the June 1st event. Read more >
2016 PLANADVISER National Conference
We’re hard at work planning the upcoming PLANADVISER National Conference, which will mark the PLANADVISER publication’s 10th anniversary. We’ll hear from some of the top compliance experts in the country during the September conference.  Read more >
Advisers Beware and Be Cautious When Talking Taxes in 2018

During a webinar called to discuss the advisory industry impacts of the Tax Cuts and Jobs Act, experts warned advisers to be ready to decline to offer tax advice during 2018—over and over again.

Three Quarters of Americans Have Not Planned for LTC Needs

Yet nearly six in 10 say saving for long-term care is a financial priority

Wells Fargo Advisors SEC Filing Hints at Federal Fiduciary Investigation

The firm says it does not have additional information to share at this juncture beyond what has been noted in a 2017 year-end SEC filing; in that newly emerged document, Wells Fargo Advisors says it has begun an internal investigation into “whether there have been inappropriate referrals or recommendations” made by its advisors, including with respect to rollovers for 401(k) plan participants.

Confusion Abounds After Fifth Circuit Decision Vacates DOL Fiduciary Rule

The latest decision out of the Fifth U.S. Circuit Court of Appeals throws a dramatic new element of confusion into the epic regulatory saga that has been the rollout of the Department of Labor fiduciary rule.

Advisers Moving to a Client-Centric Model

Advisers are using new planning models and smarter technology, including automation, so that they can offer personalized service, SEI finds.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

Subscribe to NewsDash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Global Custodian / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund / The Trade