PLANADVISER Weekend Newsdash
Week ending June 14th, 2019

Happy Friday, readers! After months of waiting, the SEC has revealed the final version of Regulation Best Interest. Find our Reg BI coverage below, along with the latest from the Department of Labor and Congress. We hope you share some of what you read with a client or colleague.

Reg BI and More
Reg BI Could Make It Easier for B/Ds to Compete With Retirement Plan Advisers
Experts say the new SEC rules could allow brokers to encroach into the traditional territory of advisers without having to meet the same fiduciary standard of care. Read more >
Tracking SECURE Act, RESA, DOL Developments and More
On June 5, the opening day of the 2019 PLANSPONSOR National Conference, David N. Levine, a principal with Groom Law Group, and Robin M. Solomon, a partner at Ivins, Phillips & Barker, discussed the Setting Every Community Up for Retirement Enhancement Act, which recently passed the House by a practically unanimous margin of 417 – 3. Read more >
Groups Ask DOL to Make 401(k) Electronic Delivery the Default
ICI, SPARK and the ACLI are among the eight organizations making the request. Read more >
Just Hours Left to Comment on N.J. Fiduciary Rule
All eyes might be on the SEC’s pending vote on Regulation Best Interest, but ERISA attorneys with Stradley Ronon suggest New Jersey is now “the state to watch” for advisers and brokers tracking the development of conflict of interest regulations. Read more >
SEC Examiners Warn About Cloud Storage Risks for Advisers
SEC inspection staffers have identified growing security risks associated with advisers’ storage of electronic customer recorders in cloud-based platforms—and they will be watching for non-compliance in this area. Read more >
MOST POPULAR STORIES
A Crash Course in Social Security Maximization
Cost of living increases, claiming age, marital status and work history all complicate Social Security claiming strategies.
Seniors Worried Health Care Costs Will Outpace Retirement Savings

Women are even more concerned than men.

MFS Reaches Settlement Agreement in ERISA Lawsuit

In addition to a multi-million dollar monetary settlement, MFS has agreed to certain plan design changes moving forward.

CAPTRUST Pushing Ahead with Wealth Management Acquisitions

Two newly announced acquisitions bring $2 billion in new client assets.

Nudging Participants to Rebalance Portfolios
For those plans where participants are left to make investment decisions on their own, experts agree, it is critically important for advisers to educate them about the proper diversification.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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