DOL Fiduciary Rule timeline has gone through many fits and starts, but eventually, the fifth circuit brought the rule to a halt.
The DOL wants to make these plans more transparent. This is an occasion for plan advisors to reconnect with plan sponsors.
Public employee pensions in many states are underfunded, but the windfall from the tax cuts provides them with a possible solution.
State and local pensions are funded in three stages: (1) states contribute; (2) employees put in a % of their salary (3) the money grows.
You may have seen recent media coverage regarding a new fiduciary rule approved by the U.S. Department of Labor (DOL). This regulation will affect my business and the financial industry as we work under a new set of rules and disclosure requirements but it should not dramatically impact the most important thing to me, which is my relationship with you.