Fiduciary Rules and Practices

Prudence, diversifying investments and administering a plan in accordance with its documents are critical. However, writes Robert Toth in MarketBeat, it is easy to forget that the fiduciary’s exclusive obligation is to provide retirement income from plans and that the point behind the rules... READ MORE

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 speaker for hedge fund-of-fund manager Anthony Scaramucci at The MarketCounsel consulting and law... READ MORE

ERISA plans have a procedure that is typically followed by financial institutions if a participant is “lost.” In MarketBeat, Susan Diehl tells us what you do in a non-ERISA 403(b) or under an IRA if the participant can’t be found. READ MORE

Knocked down twice by the D.C. District Court, the National Association for Fixed Annuities has filed an emergency motion asking the U.S. Court of Appeals for the D.C. Circuit to halt the rule while NAFA’s appeal proceeds.Noting that “Nearly six critical months have passed since NAFA first sought a... READ MORE

Though acknowledging that the fiduciary rule is likely to cause “significant changes” in how the industry operates, along with “substantial compliance costs,” and “economic losses,” the federal judge who recently rejected a legal challenge to the Labor Department’s fiduciary rule won’t hold up... READ MORE

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 a list of recent regulations to review, it is currently not on the list of regulations designated... READ MORE

What’s in your wallet? Not commissions on advising retirement accounts if you work for Capital One Investing.The online and retail brokerage arm of Capital One Financial has announced its decision to eliminate commissions on advised IRAs to conform with the Department of Labor’s fiduciary rule for... READ MORE

Plan fiduciaries who acted “in blatant disregard of the express terms of the plan document and of their fiduciary duties” came out on the losing end of a lawsuit. An investigation by the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) determined that, after California... READ MORE

Plan sponsors that sponsor 403(b) plans sometimes struggle with whether the plan is subject to the requirements of ERISA. Some are; some are not! In MarketBeat, Ellie Lowder helps answer the question. READ MORE