The IRS has published final regulations regarding disbursements from a designated Roth account that is directly rolled over to an eligible retirement plan.Specifically, the IRS has removed the... Read More
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Regulatory Compliance
BY NAPA Net Staff | 5/19/2016
BY NAPA Net Staff | 5/17/2016
The Bay State's Securities Division says that robo-advisers’ failure to conduct due diligence, as well as their depersonalized structure, may render them unable to provide adequately personalized... Read More
BY NAPA Net Staff | 5/5/2016
Since its launch last month, NAPA’s askDOL.org site has received dozens of questions from the retirement plan community on the Labor Department’s fiduciary regulation.Seems the more time you spend... Read More
BY NAPA Net Staff | 5/4/2016
The Financial Industry Regulatory Authority (FINRA) announced May 3 that it has fined MetLife Securities, Inc. $20 million for allegedly misleading “tens of thousands” of customers who purchased... Read More
BY NAPA Net Staff | 5/3/2016
The IRS has announced the 2017 limits for health savings accounts (HSAs) and high-deductible health plans. For the most part, the news is “no news,” with most of the limits unchanged. In Revenue... Read More
BY Andrew Remo | 4/26/2016
Hillary Clinton continues on her firm path to the Democratic nomination after a decisive win in her adopted home state of New York. In fact, despite a string of losses to upstart candidate Bernie... Read More
BY NAPA Net Staff | 4/25/2016
Advisors aren’t the only ones sifting their way through the new fiduciary regulation, though just 60% of providers in a recent survey say they want to understand the impact on the advisors with whom... Read More
BY John Iekel | 4/20/2016
How one views the DOL’s final fiduciary rule depends on your vantage point and how you will have to apply the rule. That was the message of three prominent industry execs who participated in an April... Read More
BY Nevin E. Adams, JD | 4/18/2016
I was recently asked by a reporter if the new fiduciary regulation was “needed.” The question caught me a bit off guard, because having been in “figure out how to deal with this” mode for most of the... Read More
BY John Ortman | 4/18/2016
As ERISA attorney and former head of the EBSA Bradford Campbell sees it after a little more than a week of study, advisors essentially have three options for dealing with the best interest contract (... Read More
BY John Iekel | 4/18/2016
“We can’t walk away from this. It’s not going anywhere.” American Retirement Association CEO and NAPA Executive Director Brian Graff captured the new environment ushered in by the Department of Labor... Read More
BY NAPA Net Staff | 4/11/2016
The new conflict of interest rules represent a sea change for the financial services industry. Make no mistake: this is, in fact, game-changing stuff. Pete Swisher, Senior Vice President and National... Read More
BY Nevin E. Adams, JD | 4/7/2016
A provision in the DOL’s 2015 proposed fiduciary rule that would have had a significant impact on participant education has been modified – in line with recommendations made by NAPA and the American... Read More
BY Nevin E. Adams, JD | 4/6/2016
While the devil is in the details, the Labor Department’s final fiduciary rule includes some improvements in the best interest contract (BIC) exemption.Variable compensation is, as it was in the... Read More
BY Nevin E. Adams, JD | 4/6/2016
After a 5-month comment period, 4 days of public hearings, more than 3,000 comment letters, some 300,000 petitions, and more than 100 meetings with stakeholders, nearly a year to the day that the... Read More
BY Nevin E. Adams, JD | 4/6/2016
In a big win for NAPA advocacy efforts and the ability for plan advisors to help participants with rollover decisions, the DOL’s final fiduciary regulation provides a streamlined exemption for “level... Read More
BY NAPA Net Staff | 4/4/2016
The potential casualty list from the Labor Department’s impending fiduciary regulation just got a little longer.Specifically, ratings agency Fitch says that the rule could affect U.S. individual... Read More
BY NAPA Net Staff | 4/1/2016
For weeks, rumors have swirled as to when the Labor Department would unveil its new fiduciary regulation – but that long wait could be coming to an end.Published reports in Politico and The Wall... Read More
BY NAPA Net Staff | 3/30/2016
It is the rule that we can’t stop talking — and writing — about, even though it’s still not public. ERISA attorney and luminary Fred Reish recently took on the issues associated with distribution... Read More
BY NAPA Net Staff | 3/22/2016
SEC Chair Mary Jo White presented her agency’s fiscal year (FY) 2017 budget request to a House Appropriations subcommittee on March 22. Among the initiatives for which the SEC seeks funding is... Read More
BY NAPA Net Staff | 3/4/2016
Even as the publication of the Labor Department’s fiduciary rule nears, the GOP is gearing up to undermine the funding for its implementation.Politico reports that House Republican leaders are urging... Read More
BY Nevin E. Adams, JD | 2/12/2016
A couple of powerful congressional voices have taken several financial services firms to task for characterizing the Labor Department’s fiduciary rule proposal as “unworkable” with dire consequences... Read More
BY Fred Barstein | 2/3/2016
Just as the DOL’s 2012 fee disclosure regulations increased the movement toward greater fee transparency in DC plans, the DOL’s conflict-of-interest rule may increase broker-dealer mergers and the... Read More
BY NAPA Net Staff | 2/3/2016
The IRS on Jan. 29 issued guidance on mid-year changes to a safe harbor plan under Internal Revenue Code Sections 401(k) and 401(m). It provides that a mid-year change either to a safe harbor plan or... Read More
BY Michael P. Kreps | 2/1/2016
While the Republican presidential candidates have focused on tax reform, the Democratic candidates have united behind the theme of reforming Wall Street. (Our look at the Democrats' positions on tax... Read More
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