Nevada’s new law that imposes a fiduciary duty on broker-dealers, sales representatives and investment advisers is now in effect; it also authorizes rules on fiduciary duty.SB 383, which Gov. Brian Sandoval (R) signed into law June 2, went into effect on July 1. The measure not only concerns duties... READ MORE

Last week the U.S Treasury announced that it was winding down the myRA program, noting that there was “…very little demand for the program, and the cost to taxpayers cannot be justified by the assets in the program.” In this week’s reader poll, we’d like to know what you think.In announcing its... READ MORE

Every plan sponsor has unique expectations and attributes – as do those who work with them. But when it comes to the services one looks for – and values – certainly some rise to the top. How do NAPA Net readers see those priorities?Asked which three advisory services are, generally speaking, most... READ MORE

The Labor Department has filed for a stay of proceedings in litigation challenging the fiduciary regulation.“Here, a stay of proceedings would be the most efficient use of judicial resources,” the Labor Department noted, going on to state that the plaintiff in the case (Thrivent Financial for... READ MORE

As the evolution of DC plans continue, plan sponsors are shifting from a “traditional view” of offering plans as a recruitment and retention tool to focusing more on participant outcomes, according to a new study by J.P. Morgan.In the report, “2017 Defined Contribution Plan Sponsor Survey Findings... READ MORE

For every person who is addicted to social media, there’s another person who has sworn it off for fear of getting “sucked into the void.” Because of this, there are hundreds of professionals who are missing out on opportunities to use social media outlets, especially LinkedIn, for specific business... READ MORE

A new Morningstar analysis finds no relationship between fund manager changes and future returns – but there are impacts.“A management change is not predictive of a performance downturn,” notes Quantitative Analyst Madison Sargis and Kai Chang, Director of Quantitative Research at Morningstar. “In... READ MORE

The Washington State Department of Commerce is updating the rules for the state’s Small Business Retirement Marketplace. The department is responsible for managing the Washington Small Business Retirement Marketplace  in consultation with the state Office of the Insurance Commissioner and... READ MORE

An Ohio man has been indicted by a federal grand jury for stealing money from… the nation’s private pension insurer.According to a press release from the U.S. Attorney’s Office for the Northern District of Ohio, a federal grand jury indicted Dean Nikolaides, 63, of Warren, for theft of government... READ MORE

Every plan sponsor has unique expectations and attributes – as do those who work with them. But when it comes to the services one looks for – and values – certainly some rise to the top.In this week's reader poll, we’d like to know what you think plan sponsors value most in an advisor – and what... READ MORE

The American Retirement Association has responded to Senate Finance Committee Chairman Orrin Hatch (R-UT) expressing its strong support for tax incentives to encourage retirement savings.“The goals of achieving a tax code that is efficient, fair, and increases the financial and retirement security... READ MORE

The July 1 launch of Oregon's state-run auto-IRA pilot program has been a success, according to a report by the Oregon Retirement Savings Board that looks at the program’s first few weeks, as well as what lies ahead.Status ReportThe minutes of the board’s June 20 meeting report that by then, 11... READ MORE