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Nonenforcement Policies
Some of the DOL’s prohibited transaction exemptions apply now.
Compliance News
Legislative and Judicial Actions
The DOL gives advisers a ‘grace month’ to comply with impartial conduct standards; the IRS ups the contribution limit by $1,000 for many DC plans next year; new piece of legislation would create a ‘Retirement Plan Lost and Found’; and more.
ERISA vista
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Now a Fiduciary
A prudent process for rollover advice.
DOL Releases Guidance on Investment Advice Exemption
This is meant to help retirement investors, employee benefit plans and investment advice providers.
Retirement Investments and Presidential Elections
The U.S. presidential election is just one more source of potential stock market volatility, experts agree.
More People Turning to Financial Professionals for Investment Advice
In addition, the use of online sources of information and advice is growing.
District Court Grants Thrivent Injunction in Fiduciary Lawsuit Targeting DOL
A decision out of a federal district court in Minnesota represents something of a mixed bag for both the plaintiff, Thrivent Financial for Lutherans, and for Department of Labor defendants.
Inside Insight on Fiduciary Reform at Merrill Lynch and Beyond
Two executives focused on institutional retirement business at
Merrill Lynch sit down for a fiduciary chat, offering inside views of one major
advisory firm’s approach to navigating regulatory uncertainty.
Fund Managers Respond to Shifts in Adviser Market
New research follows previous Cerulli analyses showing home-office discretion over advisory clients' investment exposures will increase significantly under the DOL fiduciary rule and other competitive pressures.
DOL and SEC Uniform Advice Standard May Not Be Far Off
Leadership at both the DOL and SEC have signaled a willingness to work together to find complementary approaches to managing advisers’ conflicts of interest—but it will be a heavy lift to accomplish a uniform standard.
Time to Submit Plan Sponsor of the Year Nominations Is Running Out
Nominating a plan sponsor client is a great way to show appreciation
and highlight important best practices that are improving outcomes for defined
contribution and pension plan participants. Nominations for all types of
retirement plans will be considered, so don’t delay.
PANC 2017: The New Conflict of Interest
Under the evolving fiduciary landscape, how can an adviser
protect the business while offering effective advice to clients?
PANC 2017: Maximizing the Workplace Savings System
Retirement plan advisers are in a unique position to help
working Americans build wealth and a sense of security and dignity when it
comes to thinking about long-term finances.
DOL Fiduciary Regulation in Global Perspective
Morningstar’s “Global Fund Investor Experience” report shows
that, with strong regulations, come stable markets.
Industry Trends Threaten Traditional Broker/Dealer Model
Broker/dealers
(B/Ds) can address new regulatory pressures, and new competition, by enhancing
their value proposition and embracing technology, a report by Cerulli suggests.
ERISA Suit Against John Hopkins Partially Tossed
The plaintiffs’ allegations regarding what they allege to be
an excessive amount of investment options was summarily tossed by the court,
which cites a number of important recent cases as precedence; however, claims
regarding excessive recordkeeping fees and providers will proceed.
Mapping Industry Change Just Part of the Job
From a rapidly evolving recordkeeping provider landscape to
a potential wholesale rewrite of the tax treatment of retirement assets,
today’s environment puts advisers and their clients in a constant
state of flux.
RiXtrema Launches Fiduciary Checklist
The checklist covers various fiduciary responsibilities including those not associated with supposed delays or changes to the fiduciary rule, RiXtrema says.
SEC Provides Its Own Relief for Hurricane Victims
Joining a number of other regulatory agencies, the SEC has
issued important easements and compliance relief provisions for companies and
individuals impacted by three recent hurricanes striking the U.S. and its
territories.
Cybersecurity Must Be C-Suite Concern at RIAs, Brokers and Managers
In conversation with PLANADVISER, cybersecurity attorney and
former SEC staffer Marlon Paz suggests it is absolutely essential for advisory firms
to have a senior executive “not just appointed but also empowered” as the chief
information security risk officer.