| DOL Responds to Fiduciary Rule Lawsuit |
| In a reply to complaints brought against it by the National Association for Fixed Annuities, the Department of Labor says it is entitled to summary judgment on all claims, and the court should deny NAFA’s motion for summary judgment and a preliminary injunction.
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| Advisers in Training |
| The process of hiring and training newbie Millennial advisers is not going to be the same as onboarding a DC plan veteran, but there are a few best practices that should help ease the process of getting new talent of all experience levels up to speed.
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| Investors Miss Much of the Subtlety in ‘Active vs Passive’ |
| More than three-quarters of investors agree that index mutual funds and TDFs are usually a cheaper way to invest compared with active equity mutual funds, but 71% “also believe they are less risky,” according to new research from Natixis Global Asset Management.
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| Understanding of ‘Material’ Shifting in ESG Space |
| Research from global analytics firm Cerulli Associates finds that institutional investors in general no longer limit review of their assets to traditional financial metrics such as revenue, profitability, or valuation.
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