PENTalk™ – The Future of Fiduciary Standards in the US
By Pete Swisher
“The DOL’s conflict of interest rules were vacated on March 15, 2018 by the U.S. Court of Appeals for the 5th Circuit—with the court issuing the final mandate on June 21, 2018. The running debate about the standards of care in the financial services industry is therefore beginning in earnest. The SEC has released a set of proposals for comment; the DOL could issue revised guidance; various states are passing DOL-rule-like statutes of their own; Congress could take an interest; in short, the game is afoot.
Banks, trust companies, insurance companies, broker-dealers, investment advisers, and retirement plan advisors are all affected, and largely intertwined. We’ll discuss the latest initiatives surrounding the DOL Fiduciary Rule and explore the impact these initiatives could have on you and your business.”
Pete Swisher is the author of 401(k) Fiduciary Governance: An Advisor’s Guide, a textbook for the ASPPA Qualified Plan Financial Consultant credential, and serves as Senior Vice President and National Practice Leader for Pentegra, where he can be reached at firstname.lastname@example.org.