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Happy New Year to one and all! May the New Year bring you success in all your endeavors.
Almost 3 months into the ACOPA year, most of the ACOPA time of Leadership continues to be spent on determining how to respond the recent Academy decision to exclude ACOPA (and CCA) from the Selection Committee...
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The American Retirement Association’s governmental affairs staff and volunteer Legislative Relations Committee (LRC) both review legislative proposals and proactively propose legislative changes to improve the employer-provided retirement system. Over a period of years, many of ARA’s proposals have...
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Nevada’s Office of the Secretary of State, Securities Division, on Jan. 18 released draft regulations defining the state’s new fiduciary standard based on legislation enacted by the state’s legislature in 2017 – the first of several states to do so.
There does not appear to be an ERISA exemption,...
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Rep. Maxine Waters (D-CA), the new chair of the House Financial Services Committee, recently outlined a full-bodied agenda that seeks to protect consumers, safeguard investors and prevent another financial crisis.
In terms of setting the committee’s agenda, Waters, who has served on the committee...
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Three years to the day after filing suit, a 401(k) plan participant has dropped his excessive fee suit – with a whimper, not a bang.
The suit, originally filed Jan. 14, 2016 in the U.S. District Court for the District of Colorado, was filed by Wahan Krikorian, a participant in the TPS Parking...
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ASPPA’s offices will be closed on Monday, Jan. 21 in observance of Martin Luther King, Jr. Day. Our next edition will next appear on Jan. 23.
To mark the day, the “I Have a Dream” speech Dr. King delivered in Washington in 1963 is available here.
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Any industry develops its own language and unique terms. Those in it consider them to be terms of art; those who are not, and whom a particular industry serves, are likely to regard its unique terms as jargon. Recent research shows that retirement plan participants are among those who prefer...
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Putnam Investments, LLC has officially asked the nation’s highest court to weigh in on an issue on which district courts have split 6-4: Who bears the burden of proof when alleging losses due to a fiduciary breach?
Indeed, the issue seems ripe for consideration. As Putnam states in its petition to...
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Being able to afford a comfortable retirement is Americans’ biggest financial concern, according to a recent report from the LIMRA Secure Retirement Institute.
LIMRA reports that 53% of the 50.5 million retirees in the United States retired earlier than they had planned to, and not all did so...
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As part of a program to make the Big Apple the “Fairest Big City in America,” New York City Mayor Bill de Blasio has a plan for retirement savings.
Specifically, noting that fewer than half of all working New Yorkers have access to a plan that can help them save for their retirement years and 40%...
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