…explicitly allow funds flexibility in gatekeeping or NAV markdowns make their eventual use more likely, introducing an unacceptable risk to our fiduciary clients. In summary, we believe that offering government money market funds represents the most prudent response to money market reform, and we will…
…the so-called “stretch” provision. Eliminating that option would generate significant tax revenue for the government (a good thing) while also establishing significant tax consequences for those beneficiaries (a not-so-good thing). There are also aspects of SECURE dealing with fiduciary responsibility that – as is often…
…Income Security Act of 1974 and the Internal Revenue Code; that proposed exemption would clarify fiduciary liability for sponsors when they add auto-portability as a default process, and arguably introduce widespread adoption of the practice. RCH’s auto-portability mechanism identifies plan participants who have left an…
…Dodd-Frank, eliminating the Volcker Rule, reducing regulatory requirements for banks with favorable examination records and possibly postponing or amending new fiduciary rules for investment advisors. To the extent deregulation moves forward in 2017, banks may consider loosening lending standards while still maintaining strong capital bases….