Tag: Fees

Acknowledging that “smart regulation is only as effective as its implementation,” the DOL has issued extensive guidance for advisers and providers seeking to comply with the new conflict...

A new report finds one in four financial services firms are already planning to decrease commission pay in 2017. 

A new toolkit is designed to help advisers comply with the DOL’s fiduciary rule through a number of tasks such as switching from fee- to commissioned-based investments.

The announcement impacts both IRAs and qualified plans. 

The enforcement actions accuse two brokerage firms of “deceptive, dishonest, and unethical conduct.”

Prudential Reduces Fees on Mutual Funds; Beaumont Capital Management Releases Smart Beta Series; Ivy Launches NextShares Exchange-Traded Managed Funds; and more

“On April 10 the focus will expand to cover IRAs and the burden will be on the advisers to prove the reasonableness of their fees,” notes Fred Reish...

An analysis finds collective investment trusts (CITs) are gaining momentum for their potential to lower costs and reduce portfolio volatility, but obstacles remain with transparency and accessibly. 

Digging into investment prospectuses and market data is only a part of what financial advisers do for retirement plan clients; perhaps it’s time to rethink what they call...

The new service, known as Insurance Profile, facilitates compliance with the Department of Labor fiduciary rule during the sale and service of annuities.

The company is keeping other aspects of its response to the rule under wraps for now, including operating and product modifications likely to be required on the institutional...

The new product automates the process of optimizing asset location to boost an investor's cumulative after-tax returns.

The asset-weighted average expense ratio for defined contribution (DC) retirement plans is currently 0.42% versus the 2006 level of 0.57%, according to NEPC.

A new proposed class action lawsuit suggests two providers were less than forthcoming about the real breakdown of advisory fees and underlying service arrangements. 

Participants in a Northrop Grumman retirement plan are just the latest to file a lawsuit alleging their employer willingly paid excessive provider fees—seeking to certify a class of...

Among all the highly informative breakout sessions at PLANADVISER National Conference, the most popular again this year includes the panel “Lessons Learned From Litigation.”

There are many anticipated avenues of disruption associated with the DOL fiduciary rule, but clearly the most direct influence will be felt at the point of sale of...

An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....

Even advisers who feel well prepared for the DOL new fiduciary rule will face an increased amount of paperwork and disclosure, both internally and coming from outside providers.

A participant in Safeway Inc.’s 401(k) plan is suing the plan sponsor, its benefits committee and its recordkeeper for breaching their fiduciary duties and/or engaging in ERISA prohibited...