It’s heeeeere. But for many practitioners, practices and firms that read the tea leaves, the fiduciary rule already has shaped what they do and how they do it.
OregonSaves, the state-run auto-IRA program for private-sector workers, is not quite launched yet, but the pieces are falling into place.
That may seem an odd equation. And yet, a speaker at a recent retirement industry conference argues exactly that.
The Supreme Court ruled unanimously in a decision it handed down June 5 that religiously affiliated non-profits’ plans are exempt from ERISA even if they were not originally established by a church.
The Illinois House Personnel and Pensions Committee on May 16 passed bills that would expand retirement plan coverage and change public pension plan funding and how payments are made.
The number of workers participating in the Social Security system has risen, as has the number of people receiving benefits; however, individual retirement accounts figure very prominently as well.
The Pennsylvania Independent Fiscal Office has concluded that a bill that would change the financing of the state retirement plan for school employees would change its financing but would leave benefit provisions intact.
Defined contribution plan participants who are contemplating a rollover into an IRA are looking primarily for two things: advice and control, according to a recent study.
Oregon Treasurer Tobias Read has expressed determination to continue pursuing OregonSaves regardless of the U.S. Senate’s passage of H.J. Res. 66.
A Social Security Administration issue paper examines the similarities and differences between Social Security benefits and annuities, and the factors determining lifetime retirement income.
There is a disconnect between knowing one should be ready for retirement and actually being so. But recent research on the subject contains good news, too.
“I would encourage caution among policymakers when considering dramatic changes to retirement policy for tax policy purposes,” former Sen. Kent Conrad (D-ND) told a Senate committee on April 5.
An April 5 session of the Enrolled Actuaries meeting in Washington, D.C., cosponsored by the American Academy of Actuaries and the Conference of Consulting Actuaries, concerned the effort to address and foster employees’ financial wellness.
One of the basic rules for fiduciaries is that “there is no place to hide,” said Keith Sartain, a partner at AON Hewitt, at an April 3 session of the Enrolled Actuaries meeting in Washington, D.C.
There is a “dynamic policy-making situation just ahead,” believes Earl Pomeroy, senior counsel at Alston & Bird and a former member of the U.S. House, said at an April 3 session of the Enrolled Actuaries meeting in Washington, D.C.
Not all of the reaction to the DOL fiduciary rule has been negative; some firms have been actively applying the rule before it is fully applicable and they must do so.
Public pension plans across the country face many challenges, to put it mildly — and among them, says a recent report, are the investment return assumptions for those plans.
An unnamed financial services company is suing the Consumer Financial Protection Bureau over the CFPB’s exercise of power and the plaintiff’s contention that it is unchecked.
The DOL fiduciary rule was on track until the November election brought an administration that could delay its application or even withdraw it. But are the rule’s prospects really that dim?
The Department of Labor’s (DOL) fiduciary rule, as well as other regulations and laws that affect and govern retirement plans, were part of the discussion at the U.S. Chamber of Commerce meeting on Feb. 3.
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