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
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Technical competence
BY Nevin E. Adams, JD | 2/4/2015
In addition to proposals that include a retirement savings cap, double-taxing contributions of those above the 28% tax bracket and encouraging automatic enrollment, President Obama’s budget... Read More
BY John Iekel | 2/4/2015
The Kentucky House of Representatives currently has legislation before it that, if enacted, would make the Bluegrass State the second to have a state IRA program in place. Rep. Martha Jane King (D-... Read More
BY John Carl | 2/3/2015
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and... Read More
BY NAPA Net Staff | 2/3/2015
President Obama’s 2016 budget has been issued, and while parts could expand retirement plan coverage, others are likely to undermine those good intentions. No surprise, but the $3... 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 Andrew Remo | 1/30/2015
The 114th Congress has gotten off to a quick start with retirement legislation.This week the “Collins-Nelson Retirement Security Act of 2015” (S. 266) was introduced in the Senate, while... Read More
BY NAPA Net Staff | 1/29/2015
The U.S. Senate Health, Education, Labor and Pensions Committee announced on Jan. 28 its assignments for the committee’s three subcommittees for the 114th Congress. The committee’s... Read More
BY NAPA Net Staff | 1/28/2015
The ERISA Advisory Council has thrown its support behind the notion of multiple employer plans as a means of encouraging plan formation. The recommendation came as part of a series of suggestions... Read More
BY NAPA Net Staff | 1/26/2015
The new chairman of the Senate Finance Committee has staked out his plans, and the Committee’s agenda, for dealing with pension reform. Sen. Orrin Hatch (R-Utah) highlighted key portions of... Read More
BY John Iekel | 1/26/2015
Call it a conspiracy or coincidence, but it seems that the SEC, FINRA, the DOL and the White House are all singing from the same hymnal: eliminate potential conflicts of interests by brokers when... Read More
BY Nevin E. Adams, JD | 1/23/2015
With a month to go before its Supreme Court hearing, the employer defendant in a 401(k) excessive fee litigation case has petitioned the nation’s high court to drop the case.The filing by... 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 NAPA Net Staff | 1/20/2015
Overall, 75% of the states have passing grades regarding their public pension plans. But that bit of fairly good news is not the whole story. The Urban Institute’s latest rating of public... Read More
BY Nevin E. Adams, JD | 1/20/2015
So, how does it feel to be compared to a termite?That’s right, a powerful coalition of retirement, union, and so-called consumer protection groups has launched a new attack on retirement plan... Read More
BY Alisa Wolking | 1/20/2015
The 114th Congress has officially kicked off, and federal tax reform remains high on the agenda for this year. On Jan. 15 the Senate Finance Committee, which has jurisdiction over tax policy,... 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
BY John Carl | 1/20/2015
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and... Read More
BY Nevin E. Adams, JD | 1/19/2015
A year ago, President Obama touted the voluntary MyRA in his State of the Union Address — but the White House has a lot more to say about retirement this year — and it’s a lot less... Read More
BY NAPA Net Staff | 1/16/2015
With President Obama poised to deliver his State of the Union address this Tuesday, a powerful coalition of retirement, union, and so-called consumer protection groups have launched a new attack on... Read More
BY Michael Bushnell | 1/15/2015
During deliberations on the package of 11 bills designed to roll back provisions of Dodd-Frank this week, House Republicans thwarted an effort by Rep. Maxine Waters (D-Calif.) to attach an amendment... Read More
BY Nevin E. Adams, JD | 1/15/2015
The 7th U.S. Circuit Court of Appeals has outlined the conditions for determining the existence of a partial plan termination, ruling on the fifth appeal of what it called a “seemingly... Read More
BY NAPA Net Staff | 1/14/2015
Rep. Chris Van Hollen (D-MD), the Ranking Democratic Member of the House of Representatives’ Budget Committee, unveiled a set of tax proposals Jan. 12 that are said to be designed, at least in... Read More
BY John Carl | 1/13/2015
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and... Read More
BY Nevin E. Adams, JD | 1/13/2015
Our industry spends a lot of time and money educating workers about the advantages and mechanics of saving for retirement. But here are six things I think too often go unsaid. Your 401(k) isn’t... Read More
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