ABA Supports DOL’s Re-Proposed Fiduciary Rule, Recommends Adjustments
ABA today welcomed the Department of Labor’s long-awaited re-proposal to regulate investment advice fiduciaries under the Employee Retirement Income Security Act.
Browsing: Wealth Management
ABA Urges DOL to Withdraw Proposal Limiting ESG Investment
The American Bankers Association this week urged the Department of Labor to withdraw a proposal that would limit pension fiduciaries’ consideration of environmental, social and governance-related issues when selecting plan investments.
Podcast: Healing ‘Pain Points’ for Multigenerational Family Businesses
Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.
DOL Proposes Rule on ESG Investing in Pension Plans
With interest around sustainable investing—sometimes referred to as environmental, social and governance (or ESG) investing—on the rise, the Department of Labor this week issued a proposed rule that would confirm Employee Retirement Income Security Act requirements for plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment or investment course of action.
Labor Department Re-Proposes Fiduciary Rule, Proposes Class Exemption
The Department of Labor today issued its long-awaited re-proposal to regulate investment advice fiduciaries under the Employee Retirement Income Security Act.
ABA Comments on IRS Proposal on Trust and Estate Deductions
In a comment letter last week, ABA offered feedback on a recent IRS proposal to address the treatment of deductions by non-grantor trusts and estates after changes made by the 2018 tax reform law.
Emotionally Invested
In today’s volatile market environment, wealth managers and financial planners are having hard conversations with their clients. A few tips to build emotional intelligence into those conversations.
CFPB Study Examines Trends in Retiree Spending Levels
A new study by the Consumer Financial Protection Bureau today found that just over half of retired Americans who retired between 1992 and 2014 were able to maintain their same level of spending for five years after retiring.
Wealth Management at a Coronavirus Crossroads
The COVID-19 crisis is magnifying structural challenges in the wealth management industry.
DOL Finalizes Rule Expanding Use of Electronic Delivery for Plan Documents
As the American Bankers Association has long advocated, the Department of Labor today issued its final rule to modernize retirement disclosures by facilitating the use of electronic delivery for participant notices and disclosures through the creation of a new safe harbor.