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!
The revised policy, instituted in response to the coronavirus pandemic, will remain in effect until the revenue procedure is modified or superseded.
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The agency says future guidance will be like that under the Katrina Emergency Tax Relief Act of 2005 (KETRA) to the extent the provisions of Section 2202 of the CARES Act are substantially similar to the provisions of KETRA that are addressed in that notice.
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A bill introduced in the House of Representatives would increase 415 annual addition and 402(g) elective deferral limits for the 2020 calendar year.
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At a digital hearing conducted by the Iowa Insurance Division, industry representatives asked the state regulator to grant a safe harbor for broker/dealers that comply with Reg BI.
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Like many of us lucky enough to still be working during the pandemic, the Supreme Court is operating on a remote basis as the justices contemplate a case that could affect the application of the Employee Retirement Income Security Act.
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The IRS may determine that a ‘partial termination’ of a plan has occurred if a company undergoes sizable layoffs—but not furloughs—potentially impacting vesting schedules and other aspects of plan operations.
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Two new risk alerts published by the SEC provide broker/dealers and advisers with advance information about the expected scope and content of the initial examinations for compliance with Regulation Best Interest and Form CRS.
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An individual in Ohio was recently indicted by a grand jury on charges that he fraudulently claimed the assets he withdrew from his retirement account would be used to purchase a primary residence and to pay medical expenses.
T. Rowe Price announces Shen as Chief Data Officer; New York Life Appoints Tillotson as Chief Compliance Officer; O'Brien named head of portfolio management at Insight Investment; and more.
