Most of the impacts of the fiduciary rule have naturally been on advisors – but there is also an impact on recordkeepers and the services they provide to plans and advisors.In a recent blog post, ... Read More
Advertisement
Regulatory Compliance
BY Nevin E. Adams, JD | 11/7/2017
The long-standing dispute over the fiduciary regulation’s anti-arbitration clause has finally drawn to a close – and something of a “win-win.”Judge Susan Nelson of the U.S. District Court for the... Read More
BY John Iekel | 11/1/2017
The IRS has expanded the relief it is providing to victims of Hurricanes Harvey, Irma and Maria and the California wildfires. It already has provided relief to victims of these natural disasters, as... Read More
BY John Ortman | 10/25/2017
Where does the DOL's fiduciary rule stand? What might we expect in the future? ERISA attorney Fred Reish provided an update on the former and shared his thoughts on the latter in an Oct. 24 workshop... Read More
BY NAPA Net Staff | 10/24/2017
Fred Reish is worried about your 408(b)(2) disclosures.Well, maybe not yours specifically – but in a recent blog post he cautions that “some service providers may be making disclosures that don’t... Read More
BY NAPA Net Staff | 10/20/2017
The IRS on Oct. 19 announced cost-of-living adjustments affecting dollar limitations for DC plans and other retirement-related items for the 2018 tax year. The limits are contained in IRS Notice 2017... Read More
BY NAPA Net Staff | 10/18/2017
In his most recent blog post on the fiduciary rule, Fred Reish notes that the fiduciary and best-interest standards of care, as well as the prohibited transaction rules, will affect advisors in some... Read More
BY NAPA Net Staff | 10/6/2017
One of the fiduciary regulation’s most ardent supporters has expressed both concerns – and skepticism - that brokerage firms are shifting investors into account structures that result in higher costs... Read More
BY NAPA Net Staff | 10/6/2017
In his most recent (62nd, but who’s counting?) blog post regarding the Department of Labor’s fiduciary rule and exemptions, Fred Reish poses an intriguing question.He notes that under the new... Read More
BY Ted Godbout | 10/3/2017
While many are likely aware that the Best Interest Contract Exemption (BICE) requires satisfaction of three impartial conduct standards, there is a fourth, less well known requirement.In his most... Read More
BY NAPA Net Staff | 9/21/2017
The IRS and the Pension Benefit Guaranty Corporation (PBGC) have extended some forms of relief for victims of Hurricane Irma in Georgia, which had been affected by the storm as it churned northwest... Read More
BY NAPA Net Staff | 9/19/2017
The official numbers are still about a month off, but benefits consultant Mercer has estimated what the benefit and contribution limits for 2018 might be.Changes in those limits are based on the year... Read More
BY Ted Godbout | 9/13/2017
Similar to the relief it provided last month to victims of Hurricane Harvey, the IRS announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions... Read More
BY NAPA Net Staff | 9/13/2017
The American Retirement Association, parent organization of NAPA, has weighed in on extending the special transition period under the Best Interest Contract Exemption (and related exemptions).... Read More
BY Nevin E. Adams, JD | 9/6/2017
Sen. Elizabeth Warren (D-MA) says that, “Contrary to the alarmist claims of their lobbyists and the conclusions of opaque industry-funded studies,” financial firms are “fully ready” to comply with... Read More
BY NAPA Net Staff | 9/1/2017
A new blog post by Fred Reish (with help from some of his colleagues at Drinker Biddle) says it’s more complicated than you might think.The blog post starts by acknowledging that “some plans are not... Read More
BY Nevin E. Adams, JD | 8/30/2017
The Labor Department has made its proposed delay in the full application of the Best Interest Contract Exemption till July 1, 2019 official.Less than 48 hours after the Office of Management and... Read More
BY NAPA Net Staff | 8/29/2017
The American Retirement Association requested relief on Aug. 29 for taxpayers, plan sponsors and service providers adversely affected by Hurricane Harvey.“At this very moment, the remnants of... Read More
BY Ted Godbout | 8/23/2017
A Los Angeles investment adviser was charged this week by the Securities and Exchange Commission (SEC) with defrauding a high-profile professional athlete and the athlete’s wife by deceiving them... Read More
BY Nevin E. Adams, JD | 8/18/2017
A federal court has extended the reach of an employment arbitration agreement to require a participant to first arbitrate, rather than sue a plan’s investment advisor.Significantly, the decision in... Read More
BY Ted Godbout | 8/15/2017
Advisors across geographic regions, at large and small firms, and across professional designations all tend to agree that the Department of Labor’s fiduciary rule will have some impact on their... Read More
BY NAPA Net Staff | 8/10/2017
The recent DOL FAQs provided relief in situations where an advisor provided a non-fiduciary service to an ERISA plan prior to the applicability date of the fiduciary regulation, but became a... Read More
BY Nevin E. Adams, JD | 8/7/2017
The fiduciary regulation got another day in court last week – and, for a change, this time the regulation’s challengers appeared to draw blood.The setting was oral arguments before the 5th Circuit... Read More
BY NAPA Net Staff | 8/4/2017
The Labor Department’s fiduciary rule RFI touches on, but does not yet resolve, a key question.A recent blog post by noted ERISA attorney Fred Reish notes that in the Labor Department’s request for... Read More
BY NAPA Net Staff | 7/31/2017
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... Read More
Recent Comments