Obama vs. Romney on Regulation: DOL Fiduciary DOA? Yes or No to SRO? Borzi Gets Boot?
While the regulatory and legislative landscapes remain sketchy until after the election, industry officials say there are some sure bets advisors can count on.
The Fight Over 401(k) Fees
Retirement plan fees can cost participants nearly $155,000 over the life of the plan, said a recent white paper by Demos, a liberal think tank. ASPPA says the paper is wrong.
Allow E-Disclosures, Retirement Plan Coalition Urges DOL
On Tuesday, a coalition of interested parties took to their pens to urge the Department of Labor to allow plan sponsors to make required disclosures electronically.
Advisors ‘Energized’ Over Fee Disclosure, Fiduciary Rules: ASPPA’s Graff
"Obviously advisors are concerned about the proposals, but NAPA has energized them," Brian Graff, CEO and executive director of ASPPA, told AdvisorOne in an interview on Tuesday.
401(k) Fee Disclosure Rules ‘Good for Participants,’ Labor Official Says at ASPPA Summit
“Retirement historically has been about accumulation. Now it’s all about decumulation,” Michael Davis, deputy assistant secretary of labor, told Brian Graff at the 2012 ASPPA 401(k) Summit on Monday in New Orleans.
At ASPPA, Top Retirement Advisors Realize ‘Fiduciary Is a Verb’
A panel of top advisors took the stage during the afternoon keynote at ASPPA’s 401(k) Summit on Sunday, all of whom were nominated for the 2012 401(k) Advisor Leadership Award sponsored by Morningstar Inc.
At ASPPA 401(k) Summit, Matalin & Carville Offer Jokes, Jabs
With annual GDP of less than 3%, President Obama is "a weak incumbent, but he’s going to win,” Carville said. “Romney is an even weaker frontrunner."
No Tax Reform Without Incentives for Retirement Savings, Argue 2 Congressmen
At Washington event, two members of the House Ways and Means Committee pushed a resolution to retain current tax incentives for retirement savings. One of the two, GOP Rep. Jim Gerlach, introduces two retirement bills. Putnam's Reynolds, ASPPA's Graf lend support.
Retirement Officials Blast Obama Budget Proposal
Retirement planning officials, including ASPPA's CEO Brian Graff, said that Obama’s proposal to limit the tax benefit for retirement savings for families earning more than $250,000 is “a bad proposal based on bad math.”
DOL's Borzi: Retirement Fiduciary Re-Proposal Out Early Next Year
DOL plans to repropose its controversial rule amending the definition of fiduciary “shortly after the first of the year,” EBSA's Phyllis Borzi said Tuesday at ASPPA.