Browsing Tag
PTE 2020-02
21 posts
IRI’s Jason Berkowitz: Why Biden’s Fiduciary Rule Gets it Wrong
The American Retirement Association approves the Department of Labor's latest ERISA fiduciary definition update, while insurers dispute its necessity, labeling it a regulatory overreach on investment advice. Jason Berkowitz from the Insured Retirement Institute outlines significant issues with the proposed ERISA changes, critiquing both the policy and President Biden's recent statements on the retirement sector. Berkowitz examines the five-part test and Prohibited Transaction Exemptions' effects on ERISA fiduciaries, reflecting the lifetime income industry's regulatory stance.
DOL Fiduciary Rule Update with Fred Reish
Fred Reish discusses retirement plan-to-IRA rollover recommendation made by an advisor who is a fiduciary to a plan or participant constitutes a fiduciary act, necessitating the use of Prohibited Transaction Exemption 2020-02.
59% of Advisors Do Not Rollover Clients’ 401(k)s to IRAs
Pontera finding cited better 401(k) plan benefits as a reason for not rolling the account to an IRA
DOL Abandons Appeal in Florida 401(k) Rollover Ruling
A new fiduciary rule said to be in the works at the Department of Labor might make the decision moot
Florida Court Strikes Down DOL Rollover Guidance
Verdict delivered Monday expected to be appealed by the Department of Labor; could take years to resolve
Pontera Integrates its 401(k) Management Capabilities into Envestnet’s Ecosystem
As a result, Michelle Richter says rollovers occurring at the time of retirement “a substantially less assured thing”
Joe Forlines’ Honor and Duty in IRAs and Beyond
'We’ll step in when needed and assess the situation and to what extent we can help'
How Well Are 401k Advisors Adhering to PTE 2020-02?
Activity was equally split between unsolicited and recommended rollovers
The 401k as an ‘Asset Magnet’: Helping to Avoid Rollover Ripoffs
Features of specific value to active and term vested/retired participants include ...
Advisors Unprepared for New 401k Rollover Rules
'A rollover recommendation has to be disclosed as a conflict of interest,' says ERISA expert Fred Reish