We have just received the official White House release of the memorandum to the Secretary of Labor with regard to the fiduciary rule. The final memorandum, unlike the draft provided by White House... Read More
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Regulatory Compliance
BY Nevin E. Adams, JD | 2/3/2017
UPDATED 11:15 A.M. FEB. 6President Trump has tackled the Labor Department’s fiduciary rule, just weeks ahead of the April 10 implementation date.On Friday, Feb. 3, the President signed an... Read More
BY David Levine, JD | 2/1/2017
Over the past decade, the Department of Labor has implemented new fee and expense disclosure on Schedule C of Form 5500, increased service provider fee disclosure under ERISA section 408(b)(2),... Read More
BY NAPA Net Staff | 1/20/2017
A proposed regulation from the IRS looks to be (very) good news for plan sponsors, allowing plan forfeitures to be used to fund safe harbor contributions.It’s an issue that has long been on the radar... Read More
BY NAPA Net Staff | 1/20/2017
A recent blog post by Fred Reish looks at a specific aspect of the recent FAQs on the Labor Department’s fiduciary regulation.Specifically, Reish highlights FAQ 17, which reads:Would a free dinner... Read More
BY Nevin E. Adams, JD | 1/20/2017
One of the fiduciary regulation’s strongest proponents has reached out to the financial services sector for some support.Sen. Elizabeth Warren (D-Mass.) has written to nearly three dozen financial... Read More
BY NAPA Net Staff | 1/19/2017
The Securities and Exchange Commission has announced that 10 investment advisory firms have agreed to pay penalties ranging from $35,000 to $100,000 to settle charges that they violated the SEC’s... Read More
BY Nevin E. Adams, JD | 1/17/2017
The Labor Department released a much-anticipated second set of fiduciary regulation FAQs on Friday the 13th.These frequently asked questions, or FAQs, anticipated since last fall, focus particularly... Read More
BY NAPA Net Staff | 1/13/2017
Robo advisors, retirement investments and share class selection are on the Securities and Exchange Commission’s focus list for 2017.For its annual report of exam priorities, the SEC noted that its... Read More
BY NAPA Net Staff | 1/13/2017
The Labor Department has published a new set of FAQs on the fiduciary regulation – but, to paraphrase Obi Wan Kenobe, “these aren’t the FAQs you’re looking for.”This set of FAQs is focused on... Read More
BY NAPA Net Staff | 1/6/2017
You’ll never guess what made GOP House Education and the Workforce members’ list of reckless rulemakings.Referring to the DOL fiduciary rule as “misguided,” a press release notes that at a time when... Read More
BY NAPA Net Staff | 12/30/2016
Apparently concerned that its previous guidance on the matter of social investing hadn’t been sufficient to overcome fiduciary resistance, the Labor Department has issued new guidance on the matter.... Read More
BY John Iekel | 12/29/2016
It won’t be long until the champagne corks have been popped, the confetti has fallen and we will have embarked on a new year. In with the new! But does that include the DOL’s fiduciary rule? Well,... Read More
BY NAPA Net Staff | 12/28/2016
Having tackled what could “unlevelize” a level-fee fiduciary’s status, ERISA attorney Fred Reish now takes on the issue of what it means to be a level-fee fiduciary when it comes to offering rollover... Read More
BY NAPA Net Staff | 12/21/2016
The Securities and Exchange Commission has announced fraud charges against a former official of the nation’s third-largest public pension fund and two brokers in a scheme designed to steer billions... Read More
BY Christopher Carosa | 12/19/2016
Editor’s Note: This is an edited and significantly abridged version of a column Mr. Carosa posted on FiduciaryNews.com. You can read the full article here (free registration required).What if the... Read More
BY NAPA Net Staff | 12/7/2016
Trump campaign manager Kellyanne Conway says the president-elect has an opinion on the Department of Labor’s fiduciary rule.Unfortunately, she didn’t share that opinion while filling in as a keynote... Read More
BY Nevin E. Adams, JD | 12/5/2016
Noting that the Obama administration’s proposal to “modernize” the Form 5500 “substantially underestimates the time and cost burden associated with complying with the new requirements,” the American... Read More
BY NAPA Net Staff | 12/5/2016
The standards for documentation on loans and hardships are “squishy,” and the American Retirement Association has some suggestions for the IRS on how to make things better – and that your plan... Read More
BY Nevin E. Adams, JD | 11/21/2016
Anyone who tells you they know what will happen with the fiduciary rule is probably… well, let’s just say they probably don’t. Here’s our current assessment…First, while the DOL fiduciary rule is on... Read More
BY Nevin E. Adams, JD | 11/9/2016
What most people – and nearly every pundit – thought could never happen – has. Though candidate Trump never specifically addressed the fiduciary regulation, he has consistently spoken of his... Read More
BY NAPA Net Staff | 11/9/2016
We know that fiduciaries have a duty to ensure that compensation paid to those who provide services to the plan is reasonable – but what is compensation? And is it different under the Labor... Read More
BY NAPA Net Staff | 11/2/2016
Advance copies of the 2016 Form 5500 and Form 5500-SF are now available. The IRS, Department of Labor (DOL) and Pension Benefit Guaranty Corporation (PBGC) released the advance copies on Nov. 1.It is... Read More
BY Fred Barstein | 10/31/2016
Many advisors are waiting for word from their BD or RIA about how they are going to deal with the DOL conflict-of-interest rule before they can figure out how they will need to change their business... Read More
BY NAPA Net Staff | 10/31/2016
A new survey finds that Massachusetts-registered investment advisers are “largely unaware” of the impact the Labor Department’s fiduciary rule will have on their obligations to retirement investors... Read More
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