PANC 2016: Fiduciary Rule Aftermath for RIAs
Even registered investment advisers, who have been acting as fiduciaries, will be impacted by the new rule.
Tag: Department of Labor (DOL)
PANC 2016: Fiduciary Rule Aftermath for Non-RIAs
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...
PANC 2016: Washington Insights
A look at the latest legislative, regulatory and judicial developments
GAO Gives DOL Recommendations to Encourage Lifetime Income Options in 401(k)s
In a report, the GAO notes that concerns about legal risks and recordkeeper constraints may deter many 401(k) plan sponsors from offering lifetime income options in their plans.
Sponsors View Income as Primary Purpose of Retirement Plans
They also believe that balances should be translated into income streams.
Bankrupt 401(k) Fiduciary Must Still Restore Losses to Plan
The DOL obtained a court order requiring the fiduciary of William Bowman and Associates Inc.401(k) plan to continue making installment payments for plan losses due to a fiduciary...
401(k) Plan Fiduciaries on the Hook for More Than $200K
A defunct company and its 401(k) plan trustee have been ordered to restore contributions that weren't remitted to the plan as well as interest on contributions.
Texas Judge Rejects Most Support Briefs in DOL Fiduciary Litigation
Just two out of an increasingly large pile of amicus briefs filed in relation to litigation seeking to halt the new DOL fiduciary rule will be considered—both of...
E-Signature Firm Predicts Mountains of Fiduciary Paperwork
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.
Strategic Insight Research Ties DOL Rule to Institutional Pricing
A new study from Strategic Insight predicts the DOL fiduciary rule will accelerate demand for institutional pricing of mutual funds sold through intermediaries.
LPL Adds HiddenLevers to Affinity Program
The latest addition to the LPL Affinity Program is aimed at helping advisers comply with requirements of the new DOL fiduciary rule.
DOL Complaint Alleges Fiduciary Failures by Adviser
A complaint filed in a Pennsylvania district court by the DOL’s Employee Benefits Security Administration alleges a list of ERISA infractions related to fees, documents, disclosures and processes...
Plan Sponsors Clearly Focused on Fiduciary DC Specialist Advisers
For the first time in seven annual editions of its Plan Sponsor Attitudes Survey, fiduciary responsibility is cited as the top reason 401(k) retirement plan sponsors start using...
Advisers Sound Optimistic Note in Fiduciary Survey
Most advisers feel they are making good progress on addressing the Department of Labor fiduciary rule, according to a Nationwide Retirement Institute survey.
servicing strategies
Staying Within Bounds
Does the new fiduciary rule create a fine line between education and advice?
Compliance Consult
Don’t Forget About Sweep Programs
Prohibited transactions under the new fiduciary rule
Editor’s Letter
The ‘Threat’ of the PPA
The PPA is the most comprehensive reform of the U.S. pension laws since the enactment of ERISA