PLANADVISER Weekend Newsdash
Week ending August 2nd, 2019

The U.S. Congress is heading into its summer recess, leaving a number of retirement-focused pieces of legislation hanging in the either. From the SECURE Act to the Butch Lewis Act, advocates for different pieces of legislation say they will remain active in the weeks and months ahead, with the goal of making progress before the presidential election year. Find below our latest coverage of Capitol Hill. We hope you’ll share some of what you read with a client or colleague. Also, consider joining us at the PLANADVISER National Conference in September for the latest updates. 

Editor's choice
FINRA Share Class Sweep Highlights Importance of Cooperation
The regulator granted significant credit for “extraordinary cooperation” to those firms which were proactive in identifying and fixing issues related to fee waivers for certain mutual fund share classes. Read more >
2019 PLANADVISER National Conference
Alison Cooke Mintzer, together with her advisory committee members, are building a provocative and compelling agenda to ensure every 2019 PANC attendee is energized, engaged and inspired! We’re also planning some exciting surprises and more opportunities than ever to share your value, and let you connect one-to-one with your peers. Read more >
Industry Demands Delay of New Jersey Fiduciary Regs, Deference to SEC
Advocacy and lobbying organizations representing the interests of brokers/dealers and investment advisers operating in New Jersey continue to voice their disapproval of the proposed regulations. Read more >
Fiduciary Clarity Needed for Successful Open MEP Expansion
Open MEPs as detailed in the SECURE Act offer a structure for a small plan to get maximum fiduciary support, experts say, but the roles and responsibilities of all the parties involved can be hard to keep straight. Read more >
Split House Committee Advances Stressed Union Pension Loan Program
Democrats on the House Ways and Means Committee were adamant the bill is a positive first step that can and should be built upon in a bipartisan manner. Read more >
Proposed Regs Would Provide Exception to One-Bad-Apple Rule for MEPs
A final rule would take care of one item being considered in legislation proposing the ability for employers to join open multiple employer plans (MEPs). Read more >
A DOL Secretary Scalia Would Quickly Find Direction
Having served as the DOL Solicitor General under the Bush Administration, experts suggest, Eugene Scalia would likely hit the ground running as a Labor Secretary with a conservative agenda. Read more >
MOST POPULAR STORIES
Retirement Plan Cybersecurity the Issue in a New Lawsuit

A retirement plan participant who had $99,000 stolen from her account has sued the plan sponsor and plan providers.

How Retirement Plan Advisers Justify Their Fees

One adviser charges a flat fee up to certain asset levels, and then additional basis points as plans grow, while another emphasizes the detailed, time-intensive fiduciary work he does for clients when asking for a fee increase.

In-Plan Guaranteed Income Will Always Be a Challenge

There is clearly a growing interest among retirement plan industry stakeholders in providing guaranteed income annuity options within defined contribution plans, yet consensus remains elusive.

IRS Plan Includes Guidance on Student Loan Payments and Retirement Plans

The IRS says the published guidance process can be successful only if it has the benefit of the insight and experience of taxpayers and practitioners. It invites the public to provide comments and suggestions.

Broadridge Acquisition of Fi360 Underlines RIA Fiduciary Evolution

Leading up to its own acquisition by the larger Broadridge organization, Fi360 had been actively acquiring other fiduciary solutions firms, aiming to build a comprehensive suite of RIA services.

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

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