Fiduciary Rule Grilled on Capitol Hill |
Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s fiduciary redefinition effort. Both supporters and detractors of the fiduciary rule believe individual investors and retirement savers need additional protections—they just disagree about who participants need protection from.
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2015 Participant Survey |
PLANADVISER checks in with workers on the path to retirement—finding more than three in four (76%) report at least “mild” financial stress in their lives, including 48% citing “moderate” or “severe” anxiety about financial topics. Our interactive research results can help inform advisers’ understanding of clients and prospects across business models and market segments.
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Lightening the Burden of Success |
As the advisory industry faces down new technology and client service challenges, a few themes remain as true today as they were in earlier periods. Chief among those themes, according to Sam Ushio at Russell Investments: Advisers typically don’t have a good handle on the value of their organization’s time, leading to less-than-optimal decisionmaking that stalls or even stymies practice growth.
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Non-ERISA 403(b)s Off the Regulatory Radar |
If anyone is harmed by the absence of regulatory scrutiny for non-ERISA 403(b) plans, it’s the participants themselves, experts say, and fees are the reason.
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