Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 16th, 2015
Fiduciary Rule Could Have Unintended Consequences
The proposed conflicted investment advice rule from the DOL is designed to protect retirement plan and IRA participants, but experts presenting at the ASPPA Virtual Conference weren’t sure the rule can deliver.  Read more >
Understanding Fiduciary Responsibilities
Offering a retirement savings opportunity in the workplace is good for employees—and it can be good for business. Recent studies indicate that many workers today are not saving enough for retirement, leading to serious challenges for employers.  Read more >
Changes Plan Sponsors Would See with New Fiduciary Rule
The Department of Labor’s new fiduciary investment advice proposal replaces or updates past guidance about advice to plan sponsors and participants. The goal is to provide new protections for sponsors and participants, but conflicting industry responses are causing some client confusion. Read more >
Plan Advisers Can Be Fiduciary Educators
The basics of fiduciary duties—overwhelming to some plan sponsors—can be an opportunity to provide critical education on fees and ERISA plan fundamentals. Read more >
Many Retirees Wish They Had Delayed Taking Social Security Benefits
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Institutional Plans See Strong Q1 2019 Returns
RESA, RSSA, SECURE Act and More Pile Up in Congress
Excessive Fee Suit Filed Against Greystar Management
Sponsored message from MainStay Investments and PLANADVISER
Keeping Ahead of Fiduciary Changes
MainStay Investments and PLANADVISER are pleased to bring you today’s special edition newsletter, which focuses on the Department of Labor’s new fiduciary proposal. We hope you find valuable insights to help you protect, improve and grow your retirement plan business.
Distinct Differences in Adviser Opinions of Fiduciary Rule
Advisers responding to the recent fiduciary proposal have “distinct and divergent viewpoints about the rule,” a survey from Pioneer Investments shows. The survey asked advisers three questions about individual retirement account rollover business and their opinions about whether the fiduciary rule as proposed would help, hurt, or have no influence on their business and on investors. Read more >
Index Fund Proxy Voting and Fiduciary Liability
A recent report from Wintergreen Advisers argues there is a critical flaw underlying the current trend of plan sponsors pushing more and more assets into lower-fee index funds—a flaw that could be construed as a fiduciary violation. The report’s title doesn’t mince words: “How the Votes of Big Index Funds Feed CEO Greed and Put Americans’ Retirement Savings in Peril.” Read more >
Too Soon to Assume the Worst About Fiduciary Rule
Federal government rulemaking seldom moves quickly, and in the case of the DOL fiduciary rule, observers warn the final impact of the consumer protection regulation remains anyone’s guess. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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