The DOL issued its Conflict of Interest FAQs during this seemingly never ending process of applying the new fiduciary law.
DOL Fiduciary Rule FAQ
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Plan Sponsors
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.
Northern District of Texas Judge Favors DOL Rule 2/8/2017
Chief Judge Barbara Lynn of the Northern District of Texas granted motion for summary judgment in favor of the Fiduciary Rule and BICE.
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.
DOL FAQ 2 – Conflict of Interest
Here is the updated FAQ released by the DOL on their conflict of interest rule.
FAQ – Consumer Protections for Retirement Investors
Here is the updated FAQ document from the DOL regarding its Conflict of Interest Rule.
Quarterly Market Commentary – Q4 2016
Here is Chao & Company’s market commentary for the 4th quarter of 2016.
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.
“Reasonable” is the right fiduciary approach to controlling plan expenses
With the DOL‘s new fiduciary rule and the introduction of the Best Interest Contract prohibitive transaction exemption, questions have arisen regarding the definition of “reasonableness” when a fiduciary deals with plan fees and costs.
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.