SEC, FINRA: Beware Pension, Settlement Income Stream Deals
In a joint alert issued Thursday, the SEC and FINRA provide investors with information about what to do before buying or selling such rights and urge them to proceed with caution.
Ruling Forces Advisors to Pick Appropriate Fund Share Classes
It's a potentially daunting task since some funds may have 10 or more share classes, says ERISA guru Fred Reish.
Does Fiduciary Coverage for 401(k) Rollovers Lie Ahead?
A just-released report by the GAO on rollovers foreshadows one of the more controversial aspects of what the DOL’s revised fiduciary rule will look like, industry officials say.
Black Caucus Members Balk at DOL Fiduciary Rule
The Congressional Black Caucus is warning the DOL that its plan to extend ERISA’s fiduciary standard to IRAs will hurt African-American savers.
Fred Reish Explains Fee Disclosure at 401(k) Summit
Fred Reish of Drinker Biddle & Reath and Samuel Brandwein of Morgan Stanley took on advisors’ new responsibilities after fee disclosure at the NAPA/ASPPA 401(k) Summit.
3 Issues That Will Dominate DOL Fiduciary Debate
Pay close attention to three areas of the DOL’s reproposed fiduciary rule once it’s released in July, says Brad Campbell, former head of EBSA.
Emboldened Borzi Is Back
Bolstered by another four years in her position under a re-elected Obama administration, Phyllis Borzi is adamant that EBSA’s fiduciary rule will see the light of day this year.
Stadion Offers TDFs With ERISA 3(38) Protection
Stadion Money Management, an asset manager based in Watkinsville, Ga., announced Tuesday that it is offering ERISA 3(38) fiduciary management on its target-date funds.
ERISA Gurus Reish, Campbell Urge DOL to Create 408(b)(2) ‘Corrections Program’
Such a program would not let "bad actors" evade punishment, they said; rather it would provide a streamlined process with reduced penalties.
Think Your Portfolio Models Pass ERISA Muster? You May Be Wrong
Fred Reish of Drinker Biddle & Reath lays out guidelines for providing asset allocation models that will not be treated by ERISA as designated investment alternatives.