Regulation

With reporting requirements soaring, brokers are turning to their own regulatory division to help clients, says Richard Asensio, director of compliance at Burnham Benefits.

A closer reading of it sends a clear, if unstated, signal to plan sponsors that they should aim to keep participants invested in a qualified defined contribution plan throughout their working lives, according to Retirement Clearinghouse’s Spencer Williams.

Will health insurance be sold across state lines? Will the ACA be repealed or altered? James Klein, head of the American Benefits Council, explains the probable impact of a Republican or Democratic victory in November.

Retirement plan sponsors should develop a comprehensive risk management strategy that includes the periodic review of contractual protections with their TPAs.

Will health insurance be sold across state lines? Will the ACA be repealed or altered? James Klein, head of the American Benefits Council, explains the probable impact of a Republican or Democratic victory in November.

Pension plans and welfare plan all store personal data on each participant and beneficiary, ranging from social security numbers and addresses to date of birth and health information. The more immediate and available personal data becomes, the greater the risk for a potential breach or unauthorized disclosure or access, as is evident from the cyber attacks on major retail operations, health care providers and the government.

Republican lawmakers aren’t giving up yet in their fight to kill stricter rules for brokers that have been championed by President Obama.

In another ACA irony, carriers seek to discourage sales of money losing policies by denying consumers the professional advice they need, says NAHU president Don Goldmann.

Advisers and their clients have to start planning now to ensure they are prepared for the HSA fiduciary rules taking effect in two years.

ACA reporting requirements have brought increased scrutiny of employer-sponsored healthcare plans and the government is largely expected to respond to red flags through audits.