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Financial Wellness Insights From 2 Advisers
Panelists discuss the current state of financial wellness during the PLANADVISER Practice Progress webinar.
Strategies for Reining In Health Care Costs in Early Retirement
Health savings accounts and direct primary care can help keep medical bills from spiraling out of control.
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
One expert who works on the fiduciary insurance side of the retirement plan industry calls the appellate ruling ‘the best decision ever written in an excessive fee case,’...
What 2 Supportive Commenters Say About SEC’s Climate Regulations
The Consumer Federation of America and the Investment Adviser Association have different goals and objectives, but both organizations voice support for the SEC’s proposed climate disclosure regulations.
MODERN INVESTMENT MENU / CRYPTOCURRENCY
Fool’s Gold for 401(k)s?
The DOL’s guidance on cryptocurrency causes much confusion.
Trends
New, Tighter Distribution Rules
Retirement plan advisers should revisit retirement planning for clients who count on the ‘stretch’ IRA provision for bequeathing their individual retirement account or 401(k).
Compliance News
Legislative and Judicial Actions
AGI U.S. settles in fraulent scheme suit, then exits the country; the IRS re-extends relief from the physical presence requirement; the SEC plans to adjust its ESG and...
MODERN INVESTMENT MENU / BACK OFFICE
A Collective Effort
Central office investment leaders talk through their process.
Volatility, Inflation and Stagflation Concerns in Context
To understand what may come next during a turbulent period in the markets and the global economy, experts consider the lessons of past economic and market cycles.
Ready for PTE 2020-02 July 1 Enforcement?
The July 1 enforcement date for the Department of Labor’s new best-interest rollover documentation requirements has been widely publicized, but that doesn’t mean all advisers are ready.
Labor Secretary Walsh Talks Crypto, DOL Budget
Labor Secretary Marty Walsh testified to Congress that DOL is open to a rule that would regulate cryptocurrency in retirement accounts—and potentially more broadly than that.
Schwab’s Robo SEC Settlement Highlights Disclosure Pitfalls
In addition to a monetary settlement, three Charles Schwab investment adviser subsidiaries have agreed to retain an independent consultant to review their policies and procedures relating to their...
IBM Pension Plan Faces Outdated Mortality Data Challenge
The plaintiffs are seeking to remedy alleged failures by an IBM pension plan to pay joint and survivor annuity benefits in amounts that are ‘actuarially equivalent’ to a...
SEC Enforcement Approach Imperiled by 5th Circuit
While the ultimate outcome may be settled by the Supreme Court, the 5th Circuit’s ruling in Jarkesy v. SEC could have major ramifications for the regulator and its...
How ESG Investing Is Regulated Globally: Rules vs. Principles
A major new report published by ISS ESG suggests regulation remains a major driver of the growth of responsible investment around the world, although it is important that...
Milliman Partners with SecureSave on Emergency Savings
According to the firms, employees with access to SecureSave save an average of $103 a month towards an emergency savings account.
SEC Names Director of Division of Examinations
Leaders at the SEC say the role of the examinations program is critical for capital markets to function well and keep the public’s trust.
Is the Traditional Fiduciary Insurance Model at Risk?
One legal professional at a fiduciary insurance firm argues that the ‘indiscriminate nature’ of recent ERISA lawsuit filings could eventually culminate in a crisis for the retirement plan...
Barnabas Health Latest to Settle ERISA Suit
A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than a year after a judge allowed the case...
How Technology and Personal Values Can Help Advisers Build Trust
Both retail and institutional investors see technology as a means of creating more transparency and broadening access to markets and advisory products.