As the retirement plan industry comes of age and enters a period of relative calm following a period characterized by tumultuous economic, socio-cultural and regulatory change, experts predict the growing role of retirement advisors will be one of the most noteworthy changes the industry will see over the next five...
The participant-directed retirement plan market is vast, consisting of an estimated 483,000 retirement plans holding nearly $3 trillion in assets and covering 72 million participants, according to the Department of Labor (DOL). For financial professionals who provide advice and services to this market, takeover plans are a sweet spot.
July 21 not only marks the one year anniversary of the passage of the Dodd-Frank Act, but its also the date when the Securities and Exchange Commission (SEC) will turn its attention to crafting a fiduciary duty rule for brokers.
Call it a case of supply and demand. John Hancock Financial Network’s latest survey of retirement plan advisors finds 85 percent of them are performing the same duties as plan fiduciaries, but only 34 percent actually has an Accredited Investment Fiduciary (AIF) designation.
John Hancock Financial Network recently launched a new defined contribution consulting program to help John Hancock financial advisors at every level expand their retirement plan business and provide better service to their clients.
As most of you already know, 2010 was a banner year for the Department of Labor. In quick succession, the DOL issued three major pieces of guidance related to retirement plans.
Your database is one of the most valuable assets your business has. If you have up-to-date and correct data, your marketing campaigns will have a far greater success.
Phyllis Borzi, head of the Department of Labors Employee Benefits Security Administration (EBSA), fought back on Tuesday against criticisms EBSA has received regarding its controversial regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).