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The SEC proposes broker/investment adviser conduct rules

We concluded our article Fiduciary Rule vacated: significance for plan sponsors with the observation that sponsor fiduciaries will want to review follow-on guidance on broker/adviser conduct that the Department of Labor or the Securities and Exchange Commission publishes. On April 18, 2018, the SEC, by a 4-1 vote, proposed (1) a “Regulation Best Interest” providing…Read More

Fiduciary Rule vacated: significance for plan sponsors

How will the Fifth Circuit’s decision, in Chamber Of Commerce of the United States of America, et al. v. United States Department of Labor, to vacate the Department of Labor’s Fiduciary Rule affect plan sponsors? In this article we begin with a brief summary of the current situation post the Fifth Circuit decision. We then…Read More

Retirement Enhancement and Savings Act of 2018 Introduced in Senate

On March 8, 2018, Senators Hatch (R-UT) and Wyden (D-OR), Chairman and Ranking Member of the Senate Finance Committee, introduced the Retirement Enhancement and Savings Act of 2018 (RESA), addressing a number of important retirement policy issues. The bill has bipartisan support in the Senate and could be included in omnibus spending legislation expected to…Read More