Greetings loyal PLANADVISER readers. This edition of PLANADVISERweekend offers a 2020 compliance update. From action at the Supreme Court to new debates on Capitol Hill, a lot has happened so far this year—not to mention the regulatory and legislative impacts of the coronavirus pandemic. We hope you find our coverage helpful and consider sharing some of what you read with a client or colleague. Stay well!
Consumer groups and advocates of the fiduciary adviser industry want the Department of Labor to reconsider aspects of its proposed fiduciary rule.
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In addition to the payment into a settlement fund, Princeton has agreed to what the settlement agreement calls “therapeutic relief,” including a pledge to not raise fees.
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A law passed in 2014 allows stressed union pensions to reduce benefits in order to prevent insolvency, subject to approval by the U.S. Treasury. One leading actuarial firms says the agency is preparing to wrongfully reject an application made by one of its clients.
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One attorney who works on Securities and Exchange Commission compliance issues says the proposal will help retail investors digest key information while ensuring transparency remains a top priority.
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Broad based demand is building among U.S. retirement plan investors for access to environmentally and socially responsible investments, leaving industry analysts wondering why new restrictions are being proposed by the Trump administration.
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