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March 20th, 2018

Circuit Courts’ Conflict on DOL Fiduciary Rule Could Persist

Late last week, news emerged that the United States Court of Appeals for the Fifth Circuit had ruled, by a two-to-one majority, to vacate the Department of Labor (DOL) Fiduciary rule, based on arguments put forward by the U.S Chamber of Commerce and the Securities Industries and Financial Markets Association. Judging by the wide range of industry commentary already shared with PLANSPONSOR, the retirement plan and brokerage industries are viewing this latest appellate decision as a real milestone in the decade-long battle to craft and implement a stricter fiduciary standard under the Employee Retirement Income Security Act (ERISA). Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Proposed Legislation Would Address Student Loan Debt and Social Security Solvency

A poll by LendEDU finds 46% of Americans would participate in a proposed program that would provide loan forgiveness to borrows who agree to delay eligibility to collect Social Security. Read more >

Gun Divestment Bill Introduced in Massachusetts Legislature

State pensions have a history of “talking with their feet” in a show of activism against undesirable products or actions. Read more >

Near-Retirees and New Retirees Have Higher Debt Than Older Generations

EBRI says more families are placing themselves at risk of running short of money in retirement due to their increased likelihood of holding debt while in retirement. Read more >

One-Size-Fits-All Financial Education Missing the Mark

The financial education and wellness programs that employers are offering their workers are, for the most part, ineffective because they do not speak to each individual’s particular situation and motivate them to make a behavioral change, says Martha Brown Menard, senior researcher at financial wellness software provider Questis, based in Charleston, South Carolina. Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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