TPA court ruling spotlights fiduciary violation
Benefit brokers and advisers could face legal scrutiny if they fail to disclose indirect compensation and are advised to vet TPA contracts more carefully.
Fiduciary Rule
Career moves: Why these retirement advisers shifted to healthcare
In this multi-part series, advisers share how the transition from retirement to healthcare changed their client strategies.
Benefits Think What’s missing from many plans? Current addresses for participants
The pandemic-driven migration out of big cities could lead to more missing participants, and going forward, more small, stranded retirement accounts.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think Is the fiduciary rule finally dead?
This does not mean that plan sponsors and committee members cannot insist on getting non-conflicted fiduciary advice; it just makes their job harder.
Carol Buckmann
Cohen & Buckmann PC
Fiduciary rule may be gone, but many of its requirements still apply
Plan sponsors and advisers: “It is important to realize that three or four years from now, what is done today will be examined, and it needs to be done with a good standard of care and mitigation of conflicts of interest.”
Fiduciary rule may be gone, but many of its requirements still apply
Plan sponsors and advisers: “It is important to realize that three or four years from now, what is done today will be examined, and it needs to be done with a good standard of care and mitigation of conflicts of interest.”
Benefits Think Is the Fiduciary Rule finally dead?
This does not mean that plan sponsors and committee members cannot insist on getting non-conflicted fiduciary advice; it just makes their job harder.
Carol Buckmann
Cohen & Buckmann PC
Benefits Think Why an adviser’s status still matters in a post-fiduciary rule world
Brokers are in a legal quandary: Many of them will still be fiduciaries under the 1975 Rule, but the third-party compensation they received will no longer be permitted.
Brad Campbell
Drinker Biddle
Benefits Think Brokers will always be fiduciaries
It is widely anticipated that the March 15 ruling will soon take effect, restoring the DOL’s 1975 regulation defining fiduciary investment advice to plan and IRA investors.
Joshua J. Waldbeser
Drinker Biddle
DOL won’t crack down on financial advisers who engage in prohibited transactions
The temporary ban will remain in place until the SEC posts its final fiduciary rules.
Benefits Think DOL issues temporary enforcement policy for Fiduciary Rule
Agents will not pursue any actions against investment advice fiduciaries who are working diligently and in good faith to comply with impartial conduct standards.
Diane Dygert
Seyfarth Shaw LLP
Last-minute bid to save fiduciary rule fails
With the rescue attempt's failure, all eyes now turn to the SEC which is considering its own proposal for raising financial advisor standards of conduct.
Confused by the SEC’s proposed advice rule? Your questions answered
The regulator's proposal is set to remake compliance standards for brokers and advisors.
Benefits Think How plan sponsors can be better fiduciaries (with or without the rule)
With a recent uptick in 401(k) related lawsuits, employers should take concrete steps to help participants while giving their company the fullest extent of protection possible against potential litigation.
Keith Clark
DWC ERISA Consultants
Confused by the SEC’s proposed advice rule? Your questions answered
The regulator's proposal is set to remake compliance standards for brokers and advisors.
Benefits Think How plan sponsors can be better fiduciaries (with or without the rule)
With a recent uptick in 401(k) related lawsuits, employers should take concrete steps to help participants while giving their company the fullest extent of protection possible against potential litigation.
Keith Clark
DWC ERISA Consultants
SEC proposal sparks battle on advisor titles, upends fiduciary debate
New rules would set standards of conduct for brokers, require new disclosures and offer interpretive guidance for fiduciary advisors.
Benefits Think Why the SEC proposal is a victory for clients
New rules recognize the fact that commission-based transaction services can be the most cost effective way for Main Street investors to receive financial advice.
John Taft
Baird
Uncertain of fiduciary rule, plan sponsors zero in on fees
Regardless of the regulation’s future, employers need to ensure they’re passing costs on to plan participants that are reasonable in light of the services provided.
Awaiting fate of fiduciary rule, plan sponsors focus on fee reasonableness
Regardless of the regulation’s future, employers need to ensure they’re passing costs on to plan participants that are reasonable in light of the services provided.
