Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”
Voya to Pay $3.1M for Not Disclosing Payments Tied to Fund Sales
The advisor group will pay penalties for failing to tell clients about revenue collected from a third-party BD, the SEC said.
Betterment for Business Teams Up With ADP
The 401(k) unit of the largest independent robo-advisor said the partnership will strengthen its ability to serve "midsized professional services firms."
Bill Gross on ‘Animal Spirits’ in Markets: Be Concerned
The highly levered financial system is "like a truckload of nitroglycerin on a bumpy road," Janus' Bill Gross warns.
2 Tax Credits Retirement Savers Probably Don’t Know About
Advisors who serve younger clients especially should make sure they know about these.
Quick Action on DOL Fiduciary Rule Unlikely With Acosta Confirmation
Deciding to modify or kill the fiduciary rule “will be much slower than people think,” ERISA lawyer Fred Reish says.
Labor Pick Acosta’s Nomination Hearing Set for March 15
Acosta "understands how harmful Obama-era labor regulations have made it harder for Americans to create, find or keep good-paying jobs," said HELP Committee chair.
Comments Flood In on DOL Fiduciary Rule Delay
Meanwhile, the D.C. Circuit published the schedule for NAFA’s appeal of a judge's refusal to stop the rule.
8 Things Most Americans Don’t Know About Retirement
Fidelity gave 2,000 Americans an eight-question retirement quiz, and the response was not encouraging.
Republicans Unveil Bill to Repeal and Replace Obamacare
Plan would create tax credits, end health insurance mandate; no estimate of proposal’s cost or how many will be covered.