Nevin Adams

It looks like that much-anticipated delay in the applicability date of the Department of Labor’s (DOL) fiduciary regulation might be a reality, or at least on its way to becoming one.Late Thursday evening, Feb. 9, Reuters reported that the DOL’s Employee Benefit Security Administration (EBSA) had... READ MORE

Two weeks ago, Sen. Elizabeth Warren (D-Mass.) wrote to a number of financial services firms asking where they stood on the fiduciary regulation. She’s now shared their responses with the Acting Secretary of Labor.Late last month Warren wrote to nearly three dozen financial services firms asking if... READ MORE

If it’s possible, the final version of President Trump’s Executive Memorandum may have left us with more uncertainty than we had before.Last Friday morning, based on what we stipulated was a draft of the memorandum, we cautioned that the fiduciary rule “may significantly alter the manner in which... READ MORE

We have just received the official White House release of the memorandum to the Secretary of Labor with regard to the fiduciary rule. The final memorandum, unlike the draft provided by White House Counsel to the press earlier today, omitted the specific directive to delay the applicability date by... READ MORE

Forget the rumors — the change in administrations in Washington apparently hasn’t stilled the Department of Labor’s (DOL) legal defense of the fiduciary rule.InvestmentNews reports that the DOL has responded to a brief from the plaintiffs in a case pending in the Northern District of Texas.... READ MORE

A not-so-complex financial calculus underpins a delicate balance for small business owners considering offering a retirement plan — and Congress could be getting ready to screw that up.As it turns out, the House Blueprint for tax reform provides a 25% tax rate on income from pass-through entities (... READ MORE

One of the fiduciary regulation’s strongest proponents has reached out to the financial services sector for some support.Sen. Elizabeth Warren (D-Mass.) has written to nearly three dozen financial services firms, firms that her letters suggest have “already announced” positive steps to ensure that... READ MORE

The Department of Labor (DOL) released a much-anticipated second set of fiduciary regulation FAQs on Friday the 13th.These frequently asked questions (FAQs) anticipated since last fall, focus particularly on specific technical questions raised by financial service providers. Okay, technically they... READ MORE

House Ways & Means Committee Republicans have broken into tax reform working groups — and retirement is on the “menu.”Ways & Means Committee Republicans have organized into informal tax reform working groups, but “not in the traditional sense,” Tax Notes reports, citing committee chair... READ MORE