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NAPA Net Daily

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Picking up where they left off in the last Congress, Reps. Lisa Blunt Rochester (D-DE) and Tim Walberg (R-MI) have reintroduced legislation to make it easier for retirement plan sponsors to provide guaranteed lifetime income products as part of their DC plan.    In general, the Increasing Access... READ MORE
A group consisting of 12 separate financial services trade associations – including SIFMA, ACLI and the U.S. Chamber of Commerce – have highlighted both preemption issues and legal deficiencies with Nevada’s proposed fiduciary regulation that they say goes “well beyond” the state’s legal authority... READ MORE
Plan fiduciaries have asked the nation’s highest court to weigh in on when ERISA’s three-year statute of limitations begins – and if disclosure alone is enough to start that clock.  In asking the U.S. Supreme Court to take up the case, plan fiduciaries at Intel said the question presented was “... READ MORE
Whether or not you’ve started on your 2018 taxes yet, many have – and, according to the headlines, there’s been some controversy about their refunds. Have you noticed? While many apparently missed it, last January the IRS released Notice 1036, which updated the income-tax withholding tables for... READ MORE
The Silver State managed to overlook the long history of ERISA preemption in its recent draft fiduciary regulations. Once again, the American Retirement Association has brought this to their attention. The comments came in response to draft regulations issue in mid-January by Nevada’s Office of... READ MORE
Several former SEC economists have given the Economic Analysis (EA) underlying the Commission’s April 2018 investment advice proposals an “incomplete.” In a Feb. 6 letter, 11 former chief economists, whose service spanned from the early 1980s to 2016, wrote that they “find it worrisome that the... READ MORE
Punxatawny Phil’s prediction of an early spring may have been off the mark, but February was another good month for 401(k) balances. While the second month of 2019 wasn’t exactly a “Groundhog Day” repeat of January, according to estimates from the nonpartisan Employee Benefit Research Institute (... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In Florida, a new bill introduced in the state senate proposes to take distracted driving to a whole new level… including reading, writing and applying makeup as actions... READ MORE
This is (was?) America Saves Week. While most of us think about saving – and help others save – all year long, this week has been set aside as “an annual event to encourage more Americans to save effectively.” This week we asked NAPA-Net readers to weigh in. Okay, so technically the week isn’t... READ MORE
 Financial advisory services firm intellicents has expanded its personal financial management services with the opening of an office in Colorado. The office will be led by Certified Financial Planner Betsy Cox, who brings more than 11 years of experience in both client and practice management, and... READ MORE