DOL Extends Fiduciary Comment Period by 15 Days
With the 15-day extension, “the initial comment period will be 90 days and the department anticipates the opportunity for public comments may be more than 140 days in total,” DOL says.
Why Commissions Are Also Bad for Brokers
Commission-based brokers are the only guys in the hugely successful asset management game who aren’t getting cut in on the gravy train.
Deconstructing One Broker’s Take on a Fiduciary Standard
A broker responds to my March column for investment Advisor on the fiduciary standard and makes some good points. And some not-so-good points.
Chamber of Commerce Raises Concerns With DOL Fiduciary Redraft
Top execs at U.S. Chamber of Commerce lay out their concerns about new rules affecting prohibited transaction exemptions, rollovers and IRAs.
Are Deferred Annuities Becoming the Default 401(k) Investment?
The IRS’ approval of deferred annuities in TDFs makes it very likely that the prevalence of these products is about to explode.
ING Helps DC Advisors Rise Above Competition in New World of Fee Disclosure
ING’s new program offers practical guidance on how advisors can create a value proposition and a service commitment that address the needs of plan sponsors.
Bipolar Jobs Report: Exceeds Expectations but Still Disappoints
The Labor Department’s report of a 103,000 rise in payroll jobs in September exceeded analysts’ expectations, but increase is too tepid to sway high unemployment rate of 9.1%