Tag: Legislation
PANC 2012: The Politics of Retirement
The government tries to lend its hand to the retirement readiness goal, but other agendas may get in the way.
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Bipartisan Bill Seeks Expanded Oversight of Advisers
The U.S. House Financial Services Committee introduced legislation that would authorize one or more self-regulatory organizations (SROs) for advisers.
Advisers Shouldn’t Have to Support ‘Exorbitant’ FINRA Salaries: NAPFA
The SEC is better suited to oversee independent advisers, the National Association of Personal Financial Advisors argues.
SEC Takes Another Step in Regulating OTC Derivatives
The Securities and Exchange Commission (SEC) took another step toward regulating over-the-counter (OTC) derivatives by approving rules and interpretations for key definitions of certain derivative products.
Pension Relief Bill Presents Risks
New pension rules may provide relief for underfunded pension plans, but they can also increase risk, according to Karin Franceries of J.P. Morgan Asset Management.
Despite Funding Relief, DB Contributions May Stay Above Minimum
Contribution activity could remain above the minimum requirement despite a bill that gives defined benefit (DB) plan sponsors funding relief, a report contends.
Employers Hoping for Repeal of Health Reform Law
Six in ten employers surveyed are hoping for full repeal of the Patient Protection and Affordable Care Act...
KPMG and AxiomSL Partner to Offer PF Form Help
The tax firm KPMG LLP formed an alliance with Axiom Software Laboratories Inc. to address new regulatory requirements facing investment advisers, such as Form PF.
Employers Adjusting for Additional Costs from Health Care Act
Nearly half of all employers (47.2%) have conducted an analysis to determine how health care reform legislation will impact their health care plan costs.
FSI Launches App to Advocate for Regulatory Issues
The Financial Services Institute (FSI) launched a mobile application Monday to help financial advisers advocate on industry issues using smartphones and tablets.
Adviser Oversight Bill Is Critical
The bill is crucial to protect middle-class Americans who need the services of a financial adviser, the president of the Financial Services Institute (FSI) told Congress.
House Passes Two-Month Renewal of Payroll Tax Cut
The U.S. House of Representatives passed a two-month renewal of the social security payroll tax cut Friday.
Fed Aims to Prevent Future Financial Collapses
The Federal Reserve Board proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms.
Four Regulatory Hot Spots and What they Mean For You
What will be the top four regulatory items for financial advisers to deal with in 2012? Josh Cohen and Ben Jones of Russell Investments shared their thoughts.
Majority of Advisers Fear an Obama Victory
Asked to name what they fear most about the 2012 election, the majority of adviser respondents to a Brinker Capitol poll said “Obama’s re-election.”
Gearing Up for 2012
During a webcast today, Marcia Wagner discussed ways for advisers to tackle the Department of Labor’s new rules in 2012.
Fidelity Examines Impact of Pension Protection Act
Fidelity Investments found more than half (51%) of its 401(k) participants are now in a plan that offers auto enrollment.
Pres. Obama Signs Repeal of 3% Withholding Tax
Included in a law giving tax credits to companies that hire unemployed veterans, President Obama has repealed a 3% withholding tax for government contractors.
EBRI: Tax Reform Proposals Likely to Reduce 401(k) Balances
Two recent proposals to change the existing tax treatment of 401(k) retirement plans, if enacted, are likely to result in lower account balances for many 401(k) participants, according...