June 17, 2019 TO THE MEMBERS OF THE UNITED STATES SENATE: We, the undersigned organizations, are writing to urge you to pass H.R. 1994, the Setting Every Community Up for Retirement (SECURE) Act. Now is the time to pass this comprehensive bill that will help the families of veterans, small businesses, retirement plan sponsors, cooperatives,…
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The AALU Library gives you access to all your premium content. With all the best information organized in one place and searchable, it has never been easier to find the information to help you maximize your business. From deeper dives into diverse topics with our Washington Report Marketplaces to issue one-pagers and webinars featuring industry leaders with decades of experience, the AALU Library is your one-stop-shop for policy and professional updates.At the luncheon, the conversation stretched from the recently passed SECURE Act, the invaluable role that companies can have in helping their employees save for retirement, and how the business uses of life insurance can help companies recruit and retain key employees in cities like Birmingham. The Congresswoman asked questions about tax reform and its…
At the luncheon, the conversation stretched from the recently passed SECURE Act, the invaluable role that companies can have in helping their employees save for retirement, and how the business uses of life insurance can help companies recruit and retain key employees in cities like Birmingham. The Congresswoman asked questions about tax reform and its…
The SECURE Act, which passed in the House by a vote of 417-3 and is now being pushed in the Senate, contains29 different provisions that generally aim to make it easier for smaller employers to offer access to retirement plans, incentivize employees to participate in retirement plans, and encourage plan participants to use lifetime income…
June 12, 2019 WRN 19.06.12 The SEC’s Long-Awaited Regulation Best Interest is Here: What Producers Need to Know About “Reg BI” On June 5th, the Securities and Exchange Commission (“SEC”) approved and released its much-anticipated final package of rules and guidance on new standards of conduct and new disclosure requirements, completing the work it began…
How To Replicate A Stretch IRA, Why Retirees Are Wary of Annuities, Five Biases That Drive Clients, And More
Topics: Advisor standard of conduct, Annuities, Business uses of Life Insurance, Defined contribution plans, ERISA, IRAs, Key man, Life insurance products, Qualified Plans, Regulation, Retirement security, SEC
SEC Issues Final Standard of Conduct Rule For Brokers And Advisors Yesterday the SEC released a final standard of conduct rule that establishes a best interest standard of care for broker dealers, clarifies the fiduciary duty for advisors, and creates a standardized disclosure form both brokers and advisors. AALU is currently analyzing the details of…
SEC Standard of Conduct Rule – Fiduciary Rule SEC Standard of Conduct Rule – Reg BI SEC Standard of Conduct Rule – Solely Incidental
AALU President and CEO Marc Cadin offered the following reaction to the SEC’s adoption of the Regulation Best Interest. “AALU appreciates the SEC’s effort to ensure that the standard of care for broker-dealers and registered investment advisors is appropriate and protects consumers. Our members work in the best interest of their customers every day,” Cadin…
SEC to Vote / Dem Debate Guide / AALU Action with Schweikert and Schneider / Retirement Bill on the Move
Topics: Advisor standard of conduct, Congress, Regulation, Retirement security, SEC
May 31, 2019 SEC Expected to Finalize Standard of Conduct Rule on June 5 The SEC will hold an open hearing on June 5th, where the Commission is expected to vote to finalize their standard of conduct proposal for broker-dealers and advisors. The SEC initially proposed the rule in April of 2018, and it consists…