New proposal wants to rework definition of a fiduciary and 'close loopholes.'
'Just as we deliver education for 401(k)s, we need to do the same thing in the HSA space … to help plan participants and sponsors understand just how powerful these vehicles can be,' says a financial advisor.
'Our advisor recruiting has picked up significantly over the last two months, with record numbers of large teams in our pipeline,' CEO Paul Reilly says.
A wide range of financial industry groups are urging the agency to withdraw its most controversial proposals, but even the most reviled likely will avoid major changes.
'Some may call high-impact cases regulation by enforcement,' SEC Chair Gary Gensler said. 'I call it enforcing the laws and the regulations that are on the books.'
'Why would any business owner maintain a retirement plan if the federal government is going to take over all the costs and responsibility of providing retirement benefits?' says the CEO of a trade group representing plan sponsors.
“Energy transition and environmental investing are not slowing down,” says portfolio manager as Cerulli report offers fresh insight.
'[Thomas] Brenner used the funds for his benefit, including to make large race car-related purchases, and to pay back tax debts,' according to the U.S. Attorney's Office for the Northern District of Ohio.
'Firms should continue with rigor and diligence to operate their ESG risk and compliance programs,' a compliance expert says.
'We are trying to protect retirement savers,' says DOL assistant secretary Lisa Gomez. 'This is a new approach. Stay tuned.'
