Judge won't grant injunction blocking fiduciary rule | Survey: Retirement savings stress out workers | Labor Dept. allows delayed-liquidity annuities in target-date funds
March 22, 2017
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Judge won't grant injunction blocking fiduciary rule
US District Judge Barbara Lynn has denied a motion seeking an injunction to prohibit the Labor Department from enforcing its fiduciary rule while opponents appeal a ruling that upholds the legality of the rule. Lynn said plaintiffs had failed to satisfy any legal test to justify an injunction pending appeal.
ThinkAdvisor (free registration) (3/21),  WealthManagement.com (U.S.) (3/21),  InvestmentNews (tiered subscription model) (3/21) 
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Industry News
Survey: Retirement savings stress out workers
About 6 in 10 US workers have saved for retirement, and 3 in 10 are stressed about such savings, according to the 27th annual Retirement Confidence Survey. About 4 in 10 respondents have tried to determine how much savings they will need to retire.
Pensions & Investments (free access for SmartBrief readers) (3/21) 
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Investment Trends
Labor Dept. allows delayed-liquidity annuities in target-date funds
The Labor Department in late 2016 allowed TIAA to offer employer-sponsored retirement plans the option of delayed-liquidity fixed annuities as a non-qualified default investment alternative in target-date funds. Such annuities can produce guaranteed lifetime income as well as long-term appreciation and capital preservation, says Timothy Walsh of TIAA.
LifeHealthPro (3/21) 
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Economists voice doubts on current bullish trend
Noted economic advisers Mohamed El-Erian and Nouriel Roubini have expressed concerns that investors may be overestimating the potential for continued stock rises, even as they are being buoyed by record-breaking exchange-traded fund inflows and traditional volatility signals appear calm. El-Erian contends that the market is being led by sentiment, which is not a true reflection of fundamental values, while Roubini has cast doubts on the Trump administration's ability to achieve its stated stimulus objectives.
Barron's (free content) (3/20) 
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Featured Content
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Navigating a sea change: US current expected credit losses (CECL) surveyThe Financial Accounting Standards Board's new CECL accounting standards will have a pervasive impact on all banks. Yet, despite the challenges associated with implementation, banks can use these new requirements as a catalyst to improve their financial and regulatory reporting capabilities. To learn how senior bank executives are responding read our survey report.
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    Policy Watch
    Lawmakers revive national association health plan idea
    Later this week, Republican lawmakers will debate the Small Business Health Fairness Act, which would permit the creation of national association health plans for trade groups, business associations and similar groups to offer coverage to small employers. The idea is to give buyers greater bargaining power and access to lower rates for their members, and the measure also paves the way for sidestepping Affordable Care Act small-group requirements and would lift most state regulation of such plans.
    Kaiser Health News (3/21) 
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    Warren accused of overreach in critique of advisers
    Warren
    Warren (Win McNamee/Getty Images)
    Sen. Elizabeth Warren, D-Mass., has issued an indictment of potential conflicts of interest in the delivery of retirement advice, with particular regard to incentives. Although most of the companies listed in the report have provided no official response, some industry stakeholders say Warren's criticisms are overblown and that there are ways to structure incentives to ensure advisers act in their clients' best interest.
    ThinkAdvisor (free registration) (3/20) 
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    American Health Care Act faces opposition over Medicaid cuts
    The Republican-backed American Health Care Act is receiving criticism over its proposed cut of $880 billion from Medicaid. A trade group and some Republican governors are among those expressing concerns.
    Bloomberg (3/21) 
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    Building Your Business
    How to tap into the willing millennial market
    How to tap into the willing millennial market
    (Samir Hussein/Getty Images)
    A recent survey showed that 79% of respondents ages 30-39 said they would be willing to pay for financial advice, and 73% of those under 30 expressed a similar willingness. Nicole Miller, founder of Advisor Forward Marketing & Consulting, offers four key strategies for winning their confidence and business.
    ThinkAdvisor (free registration) (3/22) 
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    NAIFA News
    Dougherty receives NAIFA-Greater Washington Legacy Award
    NAIFA-National President Paul Dougherty was honored by NAIFA-Greater Washington and the Greater Washington Foundation of Insurance and Financial Advisors as the 2017 Legacy Award recipient. Read more on the Advisor Today Blog.
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