Advisers Latest

With the support of the White House, the DOL today submitted to OMB its revised fiduciary rule proposal for retirement brokers, a move industry stakeholders are calling an ‘attack’ on retirement advisers.

The plan would require brokers to act in a customer’s best interest, a change that could limit the earnings of financial advisers.

Having more choices is a priority, but most workers are confident in their employer’s selection, study finds.

Agentreview.net launches this month, aiming to give consumers one location to find and critique local insurance agents.

Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first week of March when they receive the correct information from the federal government.

The Centers for Medicare and Medicaid Services on Friday morning announced it will implement a special enrollment period for individuals who learn, at the time they file their taxes, of the Affordable Care Act-mandated tax penalty for not having health insurance coverage.

The IRS addresses questions on employer payment plans and providing limited transitional relief for small employers who are currently reimbursing employees for individual health insurance premiums.

Both the Obama administration and states that run their own health insurance marketplaces are considering an extra enrollment period for tax filers who learn they owe a fine for not carrying insurance.

Five years down the road, the insurance broker’s role in health insurance may be diminished, largely due to exchanges, consultants say. The role of the broker will change greatly in the process, they say, but in the near term it is a mixed story.

The Treasury Department says it will delay enforcement of an ACA prohibition relating to standalone health reimbursement arrangements until July 1.