A Closer Look at the BICE
A new report, “Everything You Wanted to Know About BICE But Were Afraid to Ask,” offers plan officials key insights on the requirements of the fiduciary rule and...
Tag: Investment advice
Manager Changes and the Investment Policy Statement
The rigors of the fiduciary duty can lead plan sponsors to overreact to fund manager changes in the interest of maintaining an atmosphere of proactivity with respect to...
Financial Pros Say Fiduciary Rule Prevents Them From Serving Clients
Seventy-five percent say they will take on fewer accounts with $25,000 or less in assets due to increased costs.
SIFMA Sends DOL Study About Fiduciary Rule Effects
The study suggests advisers have pared back products and services for retirement investors, and compliance with the fiduciary rule will be costly.
Fiduciary Rule RFI Comments Suggest Split in Industry Outlook
Today is the second and final deadline for submitting responses to the DOL’s broad RFI regarding the fiduciary rule expansion under ERISA—but late comments will also be accepted...
Inside View of DOL Fiduciary Rule Arguments Before 5th Circuit
Oral arguments in the consolidated case against the DOL and its fiduciary rule reforms were heard Monday morning by the 5th Circuit Court of Appeals; ERISA attorney Erin...
Adviser Marketing and Service Evolve With Plan Sponsor Demands
Elite retirement plan advisers are using new and proven tactics to meet the growing demands of plan sponsors in an evolving industry.
DOL Fiduciary RFI Process Extends a Decade of Uncertainty
The head of retirement and investment solutions at Pershing discusses the impact that uncertainty around the fiduciary rule is having on firms and clients throughout the DC plan...
Trustee Ordered to Sell Real Estate to Replay Plan
A federal district court ordered a profit-sharing plan trustee to sell personal real estate to meet restitution requirements, after the trustee failed to ensure proper diversification and liquidity...
Strong Support Voiced for Further Fiduciary Rule Delay
The first of two deadlines has passed for the DOL’s information request about a potential second fiduciary rule delay, but the window is still open for advisers to...
Education and Workforce Committee Joins Fiduciary Debate
The sweeping Financial CHOICE Act is not the only bill being debated in Congress that would impact the ongoing implementation of the DOL fiduciary rule.
Window Opens to Submit Fiduciary Rule RFI Responses
With its publication in the Federal Register, the DOL’s request for information regarding its implementation (or not) of the fiduciary rule is officially open for public comment.
Most Advisers Handling Implementation of Fiduciary Rule Well
Some firms also report handling certain rule preparations or implementation activities poorly in some ways and well in other ways.
DOL Files Fiduciary Lawsuit Brief Defending Advisory Market Authority
The DOL argues it must not lose its broad authority to regulate the workplace retirement planning market—notwithstanding the fact that it may very well decline to aggressively enforce...
DOL Requesting Public Comment About Fiduciary Rule
The request for information asks whether the BICE and PTEs should be delayed further and whether new streamlined exemptions could be probable given innovations in the industry since...
Secretary of Labor Gets Agreement from SEC to Review Fiduciary Rule
During a hearing, Acosta claimed that previously the SEC did not work jointly with the DOL on the rule.
Fiduciary Compliance Remains a Squishy Concept
Content, context and presentation are now the important factors in determining whether a particular activity represents fiduciary advice—but that could change.
Redhawk Brings ERISA Fiduciary Services to IRA Space
The FiduciaryShield toolset launched by Redhawk aims to help advisers meet fiduciary responsibilities on behalf of IRA holders.
PSNC 2017: Final Fiduciary Rule Not So Final
Speaking at the 2017 PLANPSONSOR National Conference, a staffer at the DOL told attendees the agency is still looking for ways to make its fiduciary rule better.