This is the fourth quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
Plan Sponsors
Philip Chao in InvestmentNews Article on Fidelity Charging Plans for Vanguard Asset Custody
Philip Chao has been feature in an Investment News article providing his thoughts and comments on Fidelity charging a new fee on Vanguard assets held in their 401ks.
Philip Chao in InvestmentNews Article on Retirement Plan Advisers Needing B-Ds
Philip Chao quoted in InvestmentNews article “Do specialized retirement plan advisers even need a broker-dealer?”
Philip Chao in InvestmentNews Article on Managed Accounts Push in 401(k) plans
Philip Chao quoted in InvestmentNews Article “401(k) Managed Account Push Rife with Conflicts of Interest”.
BICE Implementation Delayed Until 07-01-2019
The U.S. Department of Labor has announced an 18-month extension from Jan. 1, 2018, to July 1, 2019, of the special Transition Period for the Fiduciary Rule’s Best Interest Contract Exemption.
Philip Chao in InvestmentNews Article on Annuities in 401(k) plans
The Trump administration wants to give a shot in the arm to annuities in 401(k) plans by encouraging rules to make it more palatable for plan sponsors to offer such products.
GAO Reporting on the State of the Nation’s Retirement System
Research shows that many households are ill-equipped to manage their own retirement account and have little or no retirement savings.
Philip Chao Featured on PIMCO’s TDF Monitoring Q&A Paper
Chao & Company is one of five defined contribution advisory firms selected by PIMCO to offer opinion regarding how this firm conducts target date fund monitoring.
Quarterly Market Commentary – 2017 Q3
This is the third quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
Philip Chao in InvestmentNews Article on Monitoring RecordKeepers in a Post New Fiduciary World
Philip Chao was featured in a recent article regarding the fiduciary duty to monitor.
DOL Fiduciary Rule FAQ
The DOL issued its Conflict of Interest FAQs during this seemingly never ending process of applying the new fiduciary law.
Philip Chao in InvestmentNews Article on Managed Accounts
Philip Chao was recently quoted in an article in InvestmentNews regarding advisors’ approaches to managed accounts in 401(k) plans.
Quarterly Market Commentary – 2017 Q2
This is the second quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
Financial Choice Act – Replacing Fiduciary Rule
Here we discuss the House passed Financial CHOICE Act as it aims to dismantle a number of Dodd Frank provisions.
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.
Fidelity’s Approach to DOL
This is the link to an article in which Philip Chao is quoted regarding Fidelity’s approach to the new Fiduciary Rule.
Quarterly Market Commentary – Q1 2017
This is the first quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
Fiduciary Rule Delay 60-days
As expected, the DoL has issued the 60-day extension to the application of the Fiduciary Rule just in time before the new rule’s April 10th application date. This writing offers a pre-release copy of the extension.