Among the assorted “idiot lights” that adorn my current car dashboard is one that alerts me to low tire pressure.It’s come in handy on precisely two occasions – one when a nail had punctured my tire... Read More
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Fiduciary Governance
BY NAPA Net Staff | 6/7/2016
In a recent blog post, Fred Reish highlights a fiduciary obligation with which many may be unfamiliar.He notes that the Labor Department’s fiduciary regulation continues, as education, the current... Read More
BY NAPA Net Staff | 4/25/2016
A new report takes a look at the issues raised by FINRA’s “Report on Digital Investment Advice.” The FINRA report addresses the various features of robo-advisors and highlights investor protection... Read More
BY NAPA Net Staff | 3/16/2016
Living longer is only part of the new old age – the desire and the market opportunity is how to enable living longer better, notes Joe Coughlin, Ph.D., founder and Director of the Massachusetts... Read More
BY NAPA Net Staff | 2/25/2016
If you thought things were going to be quiet between now and the anticipated publication of the Labor Department’s fiduciary rule next month — well, you’d be wrong.Speaker of the House Paul Ryan (R-... Read More
BY Fred Barstein | 2/8/2016
Do advisors that too often tout the fact that they are a fiduciary which requires them to act in the best interests of their clients actually create doubt and hurt themselves?I once had a partner who... Read More
BY Fred Barstein | 1/22/2016
Recent court cases clearly show that plan sponsors cannot leverage their DC plan to get better deals on other services, such as health care or corporate credit, from their plan providers; ERISA plans... Read More
BY Nevin E. Adams, JD | 11/30/2015
The Five Ws (or as they are sometimes called, Five W’s and one H) are questions whose answers are considered basic in information gathering in a variety of settings. There are a lot of questions that... Read More
BY NAPA Net Staff | 11/4/2015
Writing about the Department of Labor’s proposed fiduciary standard in NAPA Net the Magazine, Don Trone urges advisors to better define a professional standard of care themselves — before the... Read More
BY NAPA Net Staff | 10/30/2015
The Department of Labor’s proposed fiduciary rule would make many changes. One of them — a change that's central to what constitutes a fiduciary act and who a fiduciary is — is what constitutes a... Read More
BY Nevin E. Adams, JD | 10/20/2015
As I talk to retirement plan advisors and plan sponsors around the country, there seem to be three camps of thought on the Labor Department’s fiduciary reproposal: those who think it will be a big... Read More
BY NAPA Net Staff | 10/8/2015
Not one, not two, but three former chairs of the Securities and Exchange Commission (SEC) want the agency they ran to join the effort to set a fiduciary rule. They made their remarks at a TD... Read More
BY NAPA Net Staff | 9/29/2015
Sen. Elizabeth Warren (D-Mass.) has expressed concerns about conflicts of interest in a study critical of the Labor Department’s fiduciary proposal — and that has forced the resignation of one of its... Read More
BY Nevin E. Adams, JD | 8/18/2015
When it comes to workplace retirement plans, there are three kinds of people: people who are ERISA fiduciaries and know it, people who aren’t ERISA fiduciaries and know it, and people who are ERISA... Read More
BY Nevin E. Adams, JD | 8/4/2015
While the comment letters opposing the Labor Department’s fiduciary proposal tend to be more “provocative” (particularly those submitted by “anonymous”), a fair number of the more than 900 comments... Read More
BY Nevin E. Adams, JD | 7/28/2015
Among the more than 800 comment letters filed on the Labor Department’s fiduciary proposal is one from a fellow federal agency that claims that it fails to adequately estimate the cost or the number... Read More
BY NAPA Net Staff | 7/27/2015
Expressing concerns that the Labor Department’s fiduciary proposal is “…motivated by an insatiable desire to reengineer the retirement services industry and control the mode and manner that Americans... Read More
BY John Iekel | 7/22/2015
The Pushmi-Pullyu, a two-headed animal character from author Hugh Lofting’s Doctor Dolittle series of children’s books, does not actually exist. But the back-and-forth over the Department of Labor’s... Read More
BY NAPA Net Staff | 7/21/2015
The American Retirement Association (ARA) has submitted its comment letter to the Department of Labor (DOL) on the fiduciary rule re-proposal.ARA has long supported aligning the interests of... Read More
BY NAPA Net Staff | 7/20/2015
A new evaluation paints a gloomy picture of the aftermath of the Labor Department’s fiduciary proposal.The comment letter, submitted on behalf of a number of financial services firms and broker... Read More
BY NAPA Net Staff | 7/20/2015
The Financial Industry Regulatory Authority (FINRA) says that the Labor Department’s fiduciary proposal represents a “fractured approach” that will “confuse retirement investors, financial... Read More
BY NAPA Net Staff | 7/8/2015
Fitch Ratings says that the proposed regulations from the U.S. Department of Labor “could drive significant revamps of business practices for many registered investment advisors and the financial... Read More
BY NAPA Net Staff | 6/5/2015
For those keeping score at home, a total of 36 individuals and organizations submitted comments on the DOL’s April 14 fiduciary proposal during the first month of the comment period.The DOL’s... Read More
BY NAPA Net Staff | 6/4/2015
SIFMA unveiled a best interest standard June 3 — and not to be outdone, the Financial Services Roundtable also called for a uniform client “best interest standard,” while releasing an alternative... Read More
BY NAPA Net Staff | 6/3/2015
Imagine, if you will, a consumer information label on a milk carton...Let’s say that label identifies the biological and physiological considerations of cattle, estimates the working life of the... Read More
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