Under the proposed DOL fiduciary definition, the types of information
given to participants are restricted or permitted and the adviser’s
compensation model will also be affected. Yet advisers may be more crucial than
ever to participants' success.
The Republican-controlled House Financial Services Committee approved H.R. 1090, the “Retail Investor Protection Act,” for potential consideration by the floor.
Nearly all American investors agree financial advisers should
be required to proactively disclose conflicts of interest, actual or potential,
to would-be clients.
The amount of cyber risk exposure in the financial services industry can be downright frightening to think about, but details of a recent settlement reached between the SEC and a St. Louis-based financial planner contain important lessons for retirement specialists assessing their own cybersecurity policies.
A court found a pension plan’s SPD materially conflicted with the plan document, so a participant who expected to receive certain benefits can seek relief.
A safe harbor plan requires an initial plan year that is at
least three full months, making October 1 the effective deadline for creating a
new plan in 2015.
The usual flow of retirement research and market commentary is
being complemented this week by a refreshing look at the fundamentals—at the
roles volatility and perception play in global markets.