Legal

The Securities and Exchange Commission will codify a proposed uniform fiduciary standard by the fall of 2016, according to the agencys agenda for the next year, published with the Office of Management and Budget.

As the IRS and the DOL tighten plan regulations, it's time for 403(b) plan sponsors to be proactive and find an advisor to help them with requirements--before the IRS comes knocking.

There is still not a specific time for the SEC's fiduciary plans release, but it will include a 'deep economic analysis,' Mary Jo White, chairman of the SEC, said.

Retirement legislation in more than 20 states could mean that employers picking a state-sponsored multiple employer plan, or MEP, would be subject to ERISA.

The Financial Planning Coalition is urging Congress not to block the DOL fiduciary rule.

With or without the DOL's urging via its fiduciary rule, the market suggests the end is near for the broker-dealer advisor business model.