Most Clicked FSI NewsBrief Stories

1. SEC's Gallagher: White House puts out "propaganda" on fiduciary rule

FSI NewsBrief | Feb 23, 2015

A White House memo backing a proposed Department of Labor fiduciary rule for brokers helping people with retirement is nothing more than "propaganda," said Daniel Gallagher, a member of the Securities and Exchange Commission. "The White House memo is thinly veiled propaganda designed to generate support for a widely unpopular rule-making," he said. Bloomberg (02/20) Hill, The (02/20) ThinkAdvisor (02/20)

2. Ultimate fate of proposed fiduciary rule is unknown

FSI NewsBrief | Feb 25, 2015

President Barack Obama has made a proposed fiduciary rule for retirement advisors national news. But that doesn't mean the proposal, expected soon from the Department of Labor, will be finalized anytime soon. Some say that might not happen before Obama's second term expires. InvestmentNews (free registration) (02/24)

3. Expansion of college-savings plans approved by House

FSI NewsBrief | Feb 26, 2015

The House has approved legislation that would expand qualified expenses for 529 college-savings plans. President Barack Obama recently dropped a proposal to eliminate tax breaks for the accounts. Read FSI's letter in support of H.R. 529. Hill, The (02/25)

4. FSI board member discusses fiduciary-standard fallout

FSI NewsBrief | Feb 24, 2015

Dean Harman, a board member of FSI, says he conducts about 90% of work as a fiduciary. He also serves clients with small accounts by charging commission. Harman says that if he couldn't charge commission, "anyone with less than $50,000 we just wouldn't be able to serve." Wall Street Journal (tiered subscription model), The (02/23)

5. Obama to address Labor Department's fiduciary reproposal

FSI NewsBrief | Feb 23, 2015

President Barack Obama is expected to say today that the Office of Management and Budget is reviewing a reproposal by the Department of Labor to revise the definition of fiduciary under the Employee Retirement Income Security Act. The Labor Department first proposed the rule in 2010, but it has faced significant opposition. FSI will scrutinize the reproposal upon release, the association's Robert Lewis says. (U.S.) (02/22) ThinkAdvisor (02/22)

6. Traditional view of retirement is disappearing among Americans

FSI NewsBrief | Feb 27, 2015

Only 26% of Americans expect to stop working entirely when they reach the traditional retirement age, a survey by The Pew Charitable Trusts found. More than half expect to move on to something new, possibly working at a different job. And more than 20% said they will never retire. MarketWatch (02/26)

7. Advisors enhance client returns with real estate

FSI NewsBrief | Feb 26, 2015

More advisors are turning to direct investments in commercial real estate to boost clients returns and add a low-correlated asset class to their portfolios. Such opportunities have proved popular with clients. Wall Street Journal (tiered subscription model), The (02/25)

8. FSI's Brown: Retirement savers are already protected

FSI NewsBrief | Feb 24, 2015

Retirement-account owners "are already protected by robust federal and state rules governing the retirement market," FSI President and CEO Dale Brown says. In the wake of the White House's endorsement of a fiduciary standard, "we are eager to study the reproposed rule and respond constructively," he says. Brown expects that "this process will take as long as necessary to ensure that any final rule avoids serious unintended consequences for Main Street investors." InsuranceNewsNet online (02/23) ThinkAdvisor (02/23) CNBC (02/23)

9. Bucket strategy sounds good, but how well will it work?

FSI NewsBrief | Feb 23, 2015

The bucket strategy for retirement-income management is popular, but it can become "a jumbled mess" for many investors, Robert Laura writes. He offers three tips for savers to set up buckets that work. Forbes (02/21)

10. 401(k) case before high court likely to affect advisors

FSI NewsBrief | Feb 25, 2015

A lawsuit regarding a 401(k) plan that is before the U.S. Supreme Court likely will have consequences for pension advisors and fiduciaries, regardless of outcome, retirement experts say. Both sides in the dispute agree that professionals guiding a pension plan have a responsibility to ensure an investment is wise. InvestmentNews (free registration) (02/24)

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