Podcasts about dol fiduciary rule

#BRNAM #1623 | Reactions to the New DOL Fiduciary Rule | Tim Rouse, The SPARK Institute & Adam McMahon, Davis & Harman  | #Tunein: broadcastretirementnetwork.com #JustTheFacts

BRNAM #1607 | The House Financial Services Committee Takes a Closer Look at the New DOL Fiduciary Rule  | David Levine & Kevin Walsh, Groom Law Group  | #Tunein: broadcastretirementnetwork.com #JustTheFacts

#BRNSunday #1494 | What to expect from the DOL Fiduciary Rule currently at the Office of Management and Budget | David Levine & Kevin Walsh, Groom Law Group  | #Tunein: broadcastretirementnetwork.com #JustTheFacts

Welcome back to the Compliance In Context Podcast! On today’s show, we welcome the Marcia Wagner, founder of The Wagner Law Group and an expert in all things ERISA to discuss the impact of the new DOL Fiduciary Rule on the investment management industry and the upcoming compliance and enforcement deadlines. In our Headlines section, we look at recently proposed amendments from the SEC to its electronic recordkeeping requirements and the new SEC enforcement report. And finally, we’ll wrap up today’s show with another installment of the Outtakes series where we once again learn the importance of being honest and transparent with investors when it comes to disclosures. Headlines SEC recently proposed Amendments to its Electronic Recordkeeping Requirements SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2020 Interview Who is an investment advice fiduciary? Why has the DOL’s interpretation of investment advice fiduciary caused controversy? What is the five-part test? What was the Deseret Letter? What is Prohibited Transaction Class Exemption 2020-02? Where does roboadvice fit under PTCE 2020-02? What types of transactions did the DOL treat as rollovers? What types of factors should be considered when recommending a rollover from a tax qualified plan to an IRA? What is the impartial conduct standard? What is the nonenforcement Policy of DOL and IRS with respect to PTCE 2020-02, and when is it scheduled to end? How will Prohibited Transaction 2020-02 be Enforced? Outtakes SEC complaint against mutual fund executives that mislead investors by misrepresenting investment risks Funds suffered losses over $1 billion Be transparent with disclosures to investors Quotes: “The DOL treated five different types of transactions as rollovers, even though only some of them would constitute a rollover under the Internal Revenue Code. These were plan-to-plan; plan to IRA; IRA to plan; IRA to IRA; and commission based account to fee based account.” – Marcia Wagner To satisfy PTCE 2020-02, financial institutions and investment professionals must acknowledge their fiduciary status in writing; disclose their services and material conflicts of interest; adhere to impartial conduct standards; adopt policies and procedures prudently designed to ensure compliance with the impartial conduct standards; document and disclose specific reasons why any rollover recommendations are in the participant’s best interest; and conduct an annual retrospective compliance review” – Marcia Wagner “[I]in determining whether a retirement investor should rollover assets from a tax-qualified plan to an IRA, the financial institution or investment professional should take into account the retirement investor’s investment objectives, risk tolerance, financial circumstances and needs. In addition, they should document the services available under the new arrangement; consider the long-term impact of any increased costs, determine why the rollover is appropriate notwithstanding any additional costs, and the impact of any economically significant investment features such as surrender schedules; index annuity caps, and participant rates.” – Marcia Wagner Resources: Compliance in Context Contact Form

Welcome back to the second episode of the Securities Compliance Podcast. Today, we cover breaking developments on the whistleblower front and new trends in SEC enforcement. Later, I speak with ERISA expert David Kaleda, principal at Groom Law Group, to discuss the latest developments with the new DOL Fiduciary Rule and its impact on the investment management industry. David brings a wealth of experience on all things ERISA and matters impacting the investment and plan space, and he has previously served on the Department of Labor’s ERISA Advisory Council. At the end of the show, we launch the What’s On My Mind series featuring a nuanced take on a contemporary issue affecting the investment management industry. In today’s segment, we’re looking at the convoluted and confusing area of ESG disclosures. Thank you for tuning in. We hope you subscribe and join us next time! Headlines Updates to whistleblower statutes. SEC enforcement trends Interview Breakdown the new DOL Fiduciary Rule and related Preamble Review the five-part test How to apply the proposed rule in your compliance program now Impact of the plaintiff’s bar David’s predictions for the future. What’s On My Mind The convoluted world of ESG disclosures. Quotes: “...And in that preamble, the department suggests that it’s going to change its views...on when a person acts as a fiduciary for purposes of investment advice.” “By putting this language in the preamble...theoretically, that should apply right now.” “...It’s always tough to anticipate what the government’s gonna do, but in an election year, it gets that much more challenging.” Resources: Compliance in Context

In this episode of Human Capital, we talk with Brad Campbell, former assistant secretary of the Labor Department’s Employee Benefits Security Administration, who’s now a partner at FaegreDrinker in Washington. Campbell weighs in on Labor’s controversial fiduciary prohibited transaction exemption to align with the Securities and Exchange Commission’s Regulation Best Interest, and clarifies a couple “unusual items” that were included in Labor’s plan. Comment letters continued to flood in just before the Aug. 6 comment period on Labor’s controversial plan ended Thursday, Aug. 6. Campbell also talks about an "emerging issue" in litigation involving retirement plans: getting access to participant data, and the data privacy implications. He also clears up some confusion surrounding Labor’s ESG proposal.

We have talked about Regulation BI and the DOL’s Fiduciary Rule before on the podcast, however, it has been a while. Reg BI is now live and the DOL’s Fiduciary Rule has been revamped after its prior version was vacated a while back. To share an overview of what each are, the impact on plan sponsors, participants and industry I am happy to welcome Chris Giorgi and Carrol Waddel, both with Empower Retirement to the podcast. Chris provides great background and perspective on the legal front as Associate General Counsel and Carrol offers her insights on how all of this will impact plan sponsors and workplace retirement plan participants. We also hit on the role of advice in the post COVID world and what that could mean for all involved.    That’s it for now, I hope you enjoy my conversation with Chris and Carrol!   Guest Bios   Chris Giorgi is Assistant General Counsel for Empower Retirement. Prior to joining Empower, he served as Senior Counsel in the legal and compliance department for Putnam Investments and as Director of the ERISA compliance team for The Hartford. He has 27 years of experience in ERISA legal and compliance matters.  Chris holds a bachelor’s degree from the University of Massachusetts, Amherst and a Juris Doctor degree, cum laude, from Suffolk University and is a member of the Massachusetts Bar. He is the co-chair of the Boston Bar Association’s ERISA Committee and a member of various industry groups, including the ICI Pension Committee. He also maintains FINRA Series 6, 26 and 63 securities registrations and holds FINRA Series 7 credentials.    Carol Waddell is Senior Vice President and Head of the Retirement Solutions Group for Empower Retirement. In her role, she oversees the teams that deliver guidance, advice, managed accounts, and financial wellness and planning across all corporate and government defined contribution segments for Empower and leads the consumer IRA, taxable and Empower Brokerage businesses.  Previously, Carol served as Head of Product and Marketing for J.P. Morgan Retirement Plan Services. At J.P. Morgan, she led product management and development, which included products, services, tools and websites for advisors, plan sponsors and participants, and oversaw the firm’s marketing strategy and communications, segment management and award-winning participant experience.  Carol has also worked for T. Rowe Price, where she served in various leadership roles. In addition to providing oversight for defined contribution, defined benefit and nonqualified plan product development and marketing — including customer digital channels; investment products; and services for intermediaries, plan sponsors and participants — she contributed significantly to the firm’s overall retirement income and target date product strategies. Carol has also served at Citibank in a variety of positions focused on marketing and customer experience.  Carol holds an MBA from Loyola University Maryland. She currently maintains the FINRA Series 6 securities registration and holds FINRA Series 7 and 24 credentials.    401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

We last spoke with my guest Fred Reish, ERISA Attorney and Partner at Drinker Biddle in the immediate aftermath of the demise of the DOL Fiduciary Rule.  Today, we catch-up on what has happened since and what implications they have for employers, their employees and retirement service providers.  Without stealing too much of Fred’s thunder, we start with why this conversation and regulations exists, what has changed in concept and with new and newish players entering the fray like the SEC and several states.  We also put a finer point to some concepts that sound the same but have different meanings like conflict of interest & prohibited transaction or fiduciary & best interest.  Also Fred is pretty candid about what he thinks the result of these regulations will be and for my closing question, I get him to wax a little philosophical.   As a reminder, check out the website for todays episode at 401kfridays.com/reish2019 for a full transcript, links to Fred’s blog and other information he puts out as well as his answer to this weeks bonus question.  To give you a little preview, Fred shares his opinion on whether the DOL will revisit the fiduciary rule and what that could look like.   Guest Bio Fred Reish is an ERISA attorney whose practice focuses on fiduciary responsibility, prohibited transactions and plan qualification and operational issues. He has been recognized as one of the “Legends” of the retirement industry by both PlanAdviser magazine and PlanSponsor magazine. Fred has received awards for: the 401(k) Industry’s Most Influential Person by 401kWire; one of RIABiz’s 10 most influential individuals in the 401(k) industry affecting RIAs; the Commissioner’s Award and the District Director’s Award by the IRS; the Eidson Founder’s Award by the American Society of Professionals & Actuaries (ASPPA); the Institutional Investor and the PlanSponsor magazine Lifetime Achievement Awards; and the ASPPA/Morningstar 401(k) Leadership Award. He has also received the Arizona State University Alumni Service Award. Fred has written more than 350 articles and four books about retirement plans, including a monthly column on 401(k) fiduciary issues for PlanSponsormagazine. Fred Co-Chaired the IRS Los Angeles Benefits Conference for over 10 years, served as a founding Co-Chair of the ASPPA 401(k) Summit, and has served on the Steering Committee for the DOL National Conference. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 150 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

IRA Financial Group’s Adam Bergman discusses the March 15th, 2018 Fifth Circuit Court of Appeals strike down of the DOL Fiduciary Rule for IRAs.

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the DOL fiduciary standard and take several calls. Scott and Pat take a call from a man who is a union employee and wants to know if he can save more and contribute to a Roth IRA and his company’s 401(k). A woman was advised by an advisor to sell her rental property and set-up a charitable remainder fund, and she wants to know if that is the best option. A caller with a pension and $400,000 in an IRA wants to know how he should save for an emergency fund. Lastly, a woman and her husband retired early with over 3.5 million in retirement savings in addition to a pension, and they want to know which pension option they should select. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

"Rob Black & Your Money" - Radio Show June 28 - KDOW 1220 AM (7a-9a) Rob Black talks about Amazon's PillPack, Fox-Disney, Exactus, Apple versus Samsung, and chats with CFP Chad Burton about the DOL Fiduciary Rule.See omnystudio.com/listener for privacy information.

Rob Black talks about Amazon's PillPack, Fox-Disney, Exactus, Apple versus Samsung, and chats with CFP Chad Burton about the DOL Fiduciary Rule.See omnystudio.com/listener for privacy information.

"Rob Black & Your Money" - Radio Show June 28 - KDOW 1220 AM (7a-9a) Rob Black talks about Amazon's PillPack, Fox-Disney, Exactus, Apple versus Samsung, and chats with CFP Chad Burton about the DOL Fiduciary Rule.

The DOL Fiduciary Rule is dead.  It went out with an unceremonious whimper last week.  Financial media sources covered the news almost no one cares about through short articles noting the progress that led to the death of the Rule sprinkling in a comment or two from sources who cared to opine on the subject. […] The post The DOL Rule is Dead appeared first on The Insurance Pro Blog.

The DOL Fiduciary Rule died, or did it?  Maybe its coming back to life in another form, through another government agency or even the states will take a crack at it.  What should employers know? How will this impact employees?  In this timely and action packed episode I am excited to have Fred Reish, ERISA Attorney extraordinaire with Drinker Biddle and the closest follower I know of the long and winding path of the fiduciary rule.  For many, Fred requires no introduction.  If you are not familiar Fred is perennially listed as one of the most influential individuals in the retirement industry, he has been named one of the “Legends” in the development of retirement plan by PLANSPONSOR Magazine and given multiple lifetime achievement awards and other honors.  On top of that, Fred is a great guy with an easy to follow communication style as he shares his insights today.  If you want to learn more about Fred or subscribe to his blog that we reference today you can find him at fredreish.com As a quick aside, I worked in several questions we got from listeners who are email subscribers or follow me on LinkedIn.  If you want an opportunity to submit questions to future guests go to 401kfridays.com/subscribe to get connected.  Finally, Fred was an inspiration for me to start the podcast.  More on that in my wrap-up if you are interested.   Guest Bio Fred Reish is an ERISA attorney whose practice focuses on fiduciary responsibility, prohibited transactions and plan qualification and operational issues. He has been recognized as one of the “Legends” of the retirement industry by both PlanAdviser magazine and PlanSponsor magazine. Fred has received awards for: the 401(k) Industry’s Most Influential Person by 401kWire; one of RIABiz’s 10 most influential individuals in the 401(k) industry affecting RIAs; the Commissioner’s Award and the District Director’s Award by the IRS; the Eidson Founder’s Award by the American Society of Professionals & Actuaries (ASPPA); the Institutional Investor and the PlanSponsor magazine Lifetime Achievement Awards; and the ASPPA/Morningstar 401(k) Leadership Award. He has also received the Arizona State University Alumni Service Award. Fred has written more than 350 articles and four books about retirement plans, including a monthly column on 401(k) fiduciary issues for PlanSponsor magazine. Fred Co-Chaired the IRS Los Angeles Benefits Conference for over 10 years, served as a founding Co-Chair of the ASPPA 401(k) Summit, and has served on the Steering Committee for the DOL National Conference. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over one hundred prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

A look at what the anticipated changes in The Retirement Enhancement and Savings Act might mean for both plan sponsors and participants, as well as an analysis of the latest court rulings of the Department of Labor’s Fiduciary Rule.

In the final installment of the four-part podcast series with Money Concepts, Paul Timm, VP of Marketing with NAFCU Services, sits down with Barry Dayley, EVP with Money Concepts, to discuss how the new Department of Labor fiduciary rule impacts credit unions the implications the new rule has on the wealth management business overall.

Discussing the new DOL fiduciary rule with guest, Steve Graham of Constellation Advisers

Securities Offered Through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC

Securities Offered Through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC

Chris is joined in the studio by Herb Montgomery, CFP of the Montgomery Financial Group.  In the first hour, they discuss a variety of topics including the DOL Fiduciary Rule, markets, and more! Chris announces the unveiling of the NEW "Something More" logo and encourages the listeners to "Like Us" on the Something More with Chris Boyd fb page.  Us Jobs, Wages, and Chris takes questions from callers! Great show!

On June 9th, the new Department of Labor “fiduciary rule” went into effect. Who does it cover? Can you be comfortable that you’re getting the best advice now? What are the warning signs you should...

We answer a listener's question about the DOL fiduciary rule.

Bloomberg Markets with Carol Massar and Cory Johnson.u0010u0010GUEST:u0010Robert Cirrottiu0010Managing Director and Head of Retirement Investment Solutionsu0010Pershingu0010Discussing the DOL fiduciary rule as a reflection point for the financial industry from Pershing Insite 2017 in San Diego. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Markets with Carol Massar and Cory Johnson.u0010u0010GUEST:u0010Robert Cirrottiu0010Managing Director and Head of Retirement Investment Solutionsu0010Pershingu0010Discussing the DOL fiduciary rule as a reflection point for the financial industry from Pershing Insite 2017 in San Diego.

  On June 9th, 2017 – only four short days from today – is a day many believe will live in infamy. This Friday is the DOL Fiduciary Rule implementation day, and it is a day making headlines in the financial news – carrying a multitude of questions for advisors and financial firms alike.   How will the Fiduciary Rule evolve business practices? What impact will the rule have on our future and current relationships with clients? These are excellent questions many of us are asking, but perhaps this rule is not as earth-shattering as we seem to think.   This Monday Morning, we are taking a moment to explore the fundamental meaning of the word fiduciary. Once dissected and peeled back to its root, we find that to be a fiduciary is to be an individual who values trust and character. We must remind ourselves that to act as a fiduciary, you are simply required to act in the interest of another; and if you operate within a business that upholds a genuine client-centric model, you are already acting in this manner. Ceteris Paribus, we should all maintain fiduciary mindset, because in the long term, it can produce better relationships and results.    Resources:   The Fiduciary Principle Austin W. Scott, 1949 The California Law Review; Volume 37, Issue 4 http://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?article=3487&context=californialawreview   Fiduciary Law in the Twenty-First Century Tamar Frankel, 2011 http://www.bu.edu/law/journals-archive/bulr/documents/frankel.pdf   Six Core Fiduciary Duties for Financial Advisors Knut A. Rostad, 2013 The Institute for the Fiduciary Standard http://www.thefiduciaryinstitute.org/wp-content/uploads/2013/09/InstituteSixCoreFiduciaryDuties.pdf    

From the IMCA Conference - Fred Reish is a long time Compliance and ERISA attorney, typically representing employers and businesses in the world of financial regulation.  Fred discusses this  new "Rule" and its impact on the financial industry.  Every Registered Rep or Investment Advisor should be interested in this interview and Fred's views on this highly contentious subject.

At the IMCA Conference - Fee compression, Wrap Fee options, the DOL Fiduciary Rule, Robo Advisors have changed and are changing the world of Advisors.  Like a golfer who does not change their golf swing, Advisors need to adapt.  Jonathan's advice and direction can be invaluable.

Listen in to financial advisors Stacy Bush and Kent Patrick each week as they offer advice on financial and retirement planning. If you have a question you would like answered during the show, please email askbushwealth@lpl.com Securities and Asset Management Offered Through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC

Listen in to financial advisors Stacy Bush and Kent Patrick each week as they offer advice on financial and retirement planning. If you have a question you would like answered during the show, please email askbushwealth@lpl.com Securities and Asset Management Offered Through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC

Policy experts Justin Brown, David Hollingsworth and Michael Gleeson get together to recap AALU’s webinar on the election of Donald Trump and answer AALU member questions about the DOL Fiduciary Rule, tax reform and the estate tax.

Regardless of who you talk to, wholesalers and their leaders agree: the DOL Fiduciary Rule, that takes effect in April 2017, will continue to bring change to our industry. How sweeping will the change be? What will the impact be for wholesalers and their leaders? Will the impacts be materially different for insurance wholesalers vs. asset management wholesalers? To address some of these questions we asked two of the industry's most respected consultants. Lee Kowarski from DST kasina and Steve Saltzman from Saltzman Associates speak with us in this Special Edition of The NEW Wholesaler Masterminds Radio Show. Click here to download a full PDF transcription of this special edition.

In the final episode of the three-part podcast series, MDRT members discuss how the upcoming Department of Labor regulation will be enforced and how to establish value in a fee-based practice. You’ll hear from: John F. Nichols, MSM, CLU Simon John Gibson, DipPFS Juli McNeely, CFP, CLU Susan Catherine Paterson, FChFP Episode 2: https://soundcloud.com/mdrt-podcast/preparing-for-the-dol-fiduciary-rule Episode 1: https://soundcloud.com/mdrt-podcast/global-producers-discuss-the-dol-fiduciary-rule This MDRT Podcast series won a 2017 EXCEL Award, presented by the Association Media and Publishing for excellence and leadership in nonprofit association media, publishing, marketing and communications. The Million Dollar Round Table® (MDRT) does not guarantee the accuracy of tax and legal information and is not liable for errors or omissions. You are urged to check with tax and legal professionals in your state, province or country. The MDRT also suggests you consult local insurance and security regulations and compliance departments, pertaining to the use of any new sales material with clients. Copyright 2016 Million Dollar Round Table. This example is for educational and information purposes only. Each professional should set his own terms and conditions of engagement with the client through the process of negotiation.

In the second episode of a three-part podcast series, MDRT members discuss the way businesses adjust as a result of regulation and how advisors should start getting ready for the change. You’ll hear from: John F. Nichols, MSM, CLU Simon John Gibson, DipPFS Juli McNeely, CFP, CLU Susan Catherine Paterson, FChFP Episode 3: https://soundcloud.com/mdrt-podcast/complying-and-determining-fees-based-on-the-dol-fiduciary-rule Episode 1: https://soundcloud.com/mdrt-podcast/global-producers-discuss-the-dol-fiduciary-rule This MDRT Podcast series won a 2017 EXCEL Award, presented by the Association Media and Publishing for excellence and leadership in nonprofit association media, publishing, marketing and communications. The Million Dollar Round Table® (MDRT) does not guarantee the accuracy of tax and legal information and is not liable for errors or omissions. You are urged to check with tax and legal professionals in your state, province or country. The MDRT also suggests you consult local insurance and security regulations and compliance departments, pertaining to the use of any new sales material with clients. Copyright 2016 Million Dollar Round Table. This example is for educational and information purposes only. Each professional should set his own terms and conditions of engagement with the client through the process of negotiation.

In the first episode of a three-part podcast series, MDRT members discuss the reasons behind the upcoming DOL fiduciary rule, and its expected impact on advisors and clients. Episode 2: https://soundcloud.com/mdrt-podcast/preparing-for-the-dol-fiduciary-rule Episode 3: https://soundcloud.com/mdrt-podcast/complying-and-determining-fees-based-on-the-dol-fiduciary-rule You’ll hear from: John F. Nichols, MSM, CLU Simon John Gibson, DipPFS Juli McNeely, CFP, CLU Susan Catherine Paterson, FChFP This MDRT Podcast series won a 2017 EXCEL Award, presented by the Association Media and Publishing for excellence and leadership in nonprofit association media, publishing, marketing and communications. The Million Dollar Round Table® (MDRT) does not guarantee the accuracy of tax and legal information and is not liable for errors or omissions. You are urged to check with tax and legal professionals in your state, province or country. The MDRT also suggests you consult local insurance and security regulations and compliance departments, pertaining to the use of any new sales material with clients. Copyright 2016 Million Dollar Round Table. This example is for educational and information purposes only. Each professional should set his own terms and conditions of engagement with the client through the process of negotiation.

Aired: 6/25/2016 11 AM:: The fiduciary rule change will bring some changes to the financial planning industry. Hosts discuss what the new rule could mean for your savings.

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Robert Cirrotti, Managing Director, Pershing Mellon LLC, on the outlook and implications for the DOL fiduciary rule. Broadcasting LIVE at Pershing's INSITE 2016 conference in Orlando.

The new U.S. Department of Labor (DOL) Fiduciary Rule is perhaps the most significant development impacting service providers to the retirement markets since the enactment of the Employee Retirement Income Security Act (ERISA) in 1974. Undoubtedly, litigation under the new rule will follow and the broker-dealers and investment advisors should be prepared to face those challenges. In this Bottom Line videocast, Sutherland attorneys Olga Greenberg and Wilson G. Barmeyer discuss these impacts and the likely litigation theories that plaintiffs will pursue in this space.

The new U.S. Department of Labor (DOL) Fiduciary Rule is perhaps the most significant development impacting service providers to the retirement markets since the enactment of the Employee Retirement Income Security Act (ERISA) in 1974. Undoubtedly, litigation under the new rule will follow and the broker-dealers and investment advisors should be prepared to face those challenges. In this Bottom Line videocast, Sutherland attorneys Olga Greenberg and Wilson G. Barmeyer discuss these impacts and the likely litigation theories that plaintiffs will pursue in this space.

Episode Summary The new DOL Conflict of Interest Rule, what is also being referred to as the new DOL Fiduciary Rule, has introduced changes that some are calling the most significant since the introduction of ERISA over 40 years ago.  While the rule will have a phased effective date beginning in April 2017, there are multiple items employers should begin exploring now. As usual, Sam does a great job of extracting specific elements of the 1100 page rule that employers should be aware of and provides questions to ask today along with specific next steps.   Guest Bio Sam Henson, is a Vice President and Director of Legislative & Regulatory Affairs for Lockton Retirement Services.  Sam also brings a unique perspective to our discussion today as prior to joining Lockton, he spent almost 10 years with the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), where he conducted more than 150 civil and criminal investigations of employee retirement and benefits plans, service providers, and fiduciaries.  He capped off his career at the DOL as the 2011 recipient of the Secretary of Labor’s Exceptional Achievement Award.  Needless to say, we are glad we have Sam on our side now and he is not out there banging down the doors of employers any more! 401(k) Fridays Podcast Overview Offers companies of all sizes free strategic, educational and actionable content to improve  their retirement plans.  My name is Rick Unser and I am your host.  All episodes leverage my nearly two decades of experience working with employers to bring you candid interviews with industry experts to enhance Fiduciary Protection, streamline Plan Operations and improve employee Retirement Readiness.   For more information please visit www.401kfridays.com

Today, Michael Kitces joins me, not as a co-host but as an interviewee, to pick his brain on some recent changes in the area of financial planning. I am sure a lot of you are like me -- you know something is going on with the recent announcement that the Department of Labor Fiduciary made, but you are not entirely sure what it all means and just how these rule changes affect you. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/44