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Fiduciary Governance

BY Michael Bushnell | 5/28/2015
While the spring issue of NAPA Net the Magazine went to print before the Department of Labor released its fiduciary definition proposal, featured columnists Brian Graff and David Levine predicted... Read More
BY NAPA Net Staff | 5/28/2015
The Bipartisan Policy Center convened what at least one participant termed a “policy wonk throwdown” in the nation’s capital May 27. The subject? The Department of Labor’s fiduciary proposal.The... Read More
BY NAPA Net Staff | 5/28/2015
The Labor Department’s fiduciary proposal — or more specifically, its “appropriate standard of care” for brokers and dealers — was the focus of comments by FINRA Chairman and Chief Executive Officer... Read More
BY Fred Barstein | 5/26/2015
While the retirement industry, lawmakers and the courts seem myopically focused on fiduciary issues, the question is what do DC plan sponsors think, and what are they doing in reaction to what seems... Read More
BY Michael Bushnell | 5/15/2015
Attorneys and plan advisors need to proactively educate fiduciaries on how to prevent breaches and errors ahead of time, advises Steff Chalk, suggesting that one possible solution to this challenge... Read More
BY NAPA Net Staff | 5/6/2015
Though it sometimes seems that there are an infinite number of ways in which you can run afoul of fiduciary responsibilities, there are some relatively simple steps that could substantially minimize... Read More
BY Fred Barstein | 5/5/2015
President Obama, supporting the DOL’s new fiduciary rule, stated that the rule had not been updated in 40 years. But think about not only how much technological innovation has occurred in that... Read More
BY NAPA Net Staff | 4/15/2015
The Investment Company Institute says that research relied upon by the Obama administration in supporting its push for an expansion of the “conflicted advice” rule released April 14 is... Read More
BY NAPA Net Staff | 4/7/2015
According to a survey largely comprised of responses from RIAs/IARs, the Department of Labor’s fiduciary proposal wouldn’t be a bad thing — and should be extended to 401(k)... Read More
BY Andrew Remo | 3/26/2015
The Securities and Exchange Commission and Department of Labor are both working on fiduciary issues — but their different approaches appear to be on different schedules.Earlier this week it was... Read More
BY NAPA Net Staff | 3/25/2015
As the Obama administration moves forward with its fiduciary reproposal, a trade organization has published a white paper taking issue with the rationale for making those changes.The Securities... Read More
BY John Iekel | 3/22/2015
“The reality is, retirement is the new health care. It’s a top-tier issue.” Starting with that observation by NAPA executive director Brian Graff, a spirited discussion... Read More
BY NAPA Net Staff | 3/17/2015
ERISA attorney Fred Reish has some thoughts on what he calls “the hottest ERISA issue of 2015.”In a recent blog post, he acknowledges that is the DOL’s proposal to expand the... Read More
BY NAPA Net Staff | 3/12/2015
A group of eight Republican senators, including the Chairmen of the Senate Finance Committee and the Senate Committee on Health, Education, Labor & Pensions (HELP), have expressed their concerns... Read More
It’s simple: Being a great fiduciary is a lot like being a great decision-maker. What matters most to the DOL and the courts is that a fiduciary is able to show the details of the decision-... Read More
BY NAPA Net Staff | 3/5/2015
The Labor Department has repeatedly claimed to be consulting with the Securities and Exchange Commission on its fiduciary reproposal — but a couple of key House Republicans would like to see... Read More
BY Michael Bushnell | 3/4/2015
Plan trustees who also serve as fiduciaries tend to make the same kinds of mistakes. Writing in the most recent issue of NAPA Net the Magazine, Steff Chalk offers some suggestions to help sponsors... Read More
BY NAPA Net Staff | 2/24/2015
“Don’t throw out the baby with the bathwater” is an old — perhaps worn-out — cliché, but nevertheless sometimes it’s apt. And as the Obama administration... Read More
BY Nevin E. Adams, JD | 2/23/2015
Today President Obama, as expected, will throw his support behind the Department of Labor’s controversial fiduciary rule reproposal — but the details of the proposal remain elusive.... Read More
BY Nevin E. Adams, JD | 2/23/2015
Exceptions should not be the rule, at least not when it comes to the Department of Labor’s fiduciary regulation reproposal, according to a new white paper from the U.S. Chamber of Commerce.As... Read More
BY Nevin E. Adams, JD | 2/21/2015
The Department of Labor’s much-anticipated fiduciary reproposal drew intense criticism Feb. 20 from SEC Commissioner Daniel M. Gallagher.Gallagher’s comments, made at the “SEC Speaks in 2015” event,... Read More
BY NAPA Net Staff | 2/10/2015
If the Senate Committee on Homeland Security and Government Affairs has its way, the Department of Labor has some ‘splaining to do on its fiduciary regulation reproposal.In a Feb. 5 letter... Read More
BY NAPA Net Staff | 1/30/2015
The draft White House memo about the DOL's pending fiduciary definition proposal continues to engender negative reaction. Tim Pawlenty, CEO of the Financial Services Roundtable, weighed in on Jan. 28... Read More
BY NAPA Net Staff | 1/21/2015
Still hoping that the latest iteration of the fiduciary rule proposal would preserve a broad seller’s exemption for the small retirement plan market or allow retirement plan advisors to continue to... Read More
BY Nevin E. Adams, JD | 1/20/2015
Rumor has it that the Department of Labor’s fiduciary reproposal will resurface shortly, and that the president may even offer it support in the State of the Union Address.While we don’t... Read More