During the June 8, 2017, ECB Press Conference, there were some changes made since the April 27, 2017 conference.
Institutions
Supreme Court Decision on Tibble v Edison
The Supreme Court’s decision regarding statute of limitations for claims alleging breach of fiduciary duty affirms the spirit and the practice of a plan fiduciary.
DOL Issued Field Assistance Bulletin No 2017-02 – TEMPORARY ENFORCEMENT POLICY ON FIDUCIARY DUTY RULE
Here is the link to the DOL’s complete bulletin regarding the temporary enforcement policy.
Fiduciary Rule is a Go
The Fiduciary Rule will go into partial effect on June 9th without further delay.
2018 HSA Plan Limits
On May 04, 2017, the IRS announced the 2018 inflation-adjusted amounts for Health Savings Accounts. The following is a comparison of the 2017 and 2018 limits.
FOMC May 2017 Press Release Language Changes
Here we have highlighted the changes from the May 3, 2017, press release.
Quarterly Market Commentary – Q1 2017
This is the first quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
Reasoning Behind the March 2017 Rate Hike
According to Chair Yellen’s March 15, 2017, press conference opening statement, a modest increase in the federal funds rate is appropriate due to…
FOMC March 2017 Press Release Language Changes
Here we have highlighted the changes from the March 15, 2017, press release.
Janet Yellen Affirms a Faster Pace to a Lower Neutral
On March 3, 2017, FOMC Chair Yellen delivered her “From Adding Accommodation to Scaling It back” speech at the Executives’ Club of Chicago. Here is a brief synopsis.
Fiduciary Rule – A Never Ending Saga
President Trump has instructed the Secretary of the DOL to rescind or revise the fiduciary rule after conducting an impact study. We have laid out where we go from here.
FOMC Feb 2017 Press Release Language Changes
Here we have highlighted the changes from the February 1, 2017, press release.
Quarterly Market Commentary – Q4 2016
Here is Chao & Company’s market commentary for the 4th quarter of 2016.
FOMC Dec 2016 Press Release Language Changes
Here we have highlighted the changes from the December 14, 2016, press release.
The market interest rate direction is right…the pace is questionable
On December 16, 2015, the FOMC raised rates for the first time since June 2006. The rise was to signal to the market the start of a new phase in monetary policy by the FOMC
There is No Morning After Pill: A CIO’s view of the Trump Victory
After witnessing Donald Trump’s aggressive Presidential campaign, Philip Chao easily drew comparisons between the campaign and the lessons he’s learned from years of investment management.
FOMC Nov 2016 Press Release Language Changes
Here we have highlighted the changes from the November 2, 2016, press release.
The DOL issues the first Best Interests FAQs
Here is the DOL’s FAQs document on the new conflicts of interest rule.
2017 Annual Qualified Retirement Plan Contribution Limits
On October 27, 2016, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2017. The following is a comparison of the 2016 and 2017 limitations.
Quarterly Market Commentary – Q3 2016
Here is Chao & Company’s market commentary for the 3rd quarter of 2016.