Legal Defenses

Will the financial services industry sue the Department of Labor if it doesn't like the final wording of the fiduciary rule? And if it does, what happens next? Four attorneys--Bruce Ashton, Mercer Bullard, Tom Clark, and Steve Saxon, share their views.

Betterment Wants to Build a Better 401(k)

Betterment, the largest independent retail robo-advisor, said Wednesday that it has entered the small company segment of the 401(k) market. But will its model confine it to the shallow end of the pool?

More Than a Nice Interface?

Jon Stein, CEO of Betterment, the biggest of the 'robo-advisors,' talked with RIJ recently at Betterment headquarters--three converted lofts in an historic building just west of the Flatiron Building in New York City.

Video: Income ‘Roundtable’ at The American College

Retirement income sources, including annuities, reverse mortgages, Social Security and LTCI, were topics of this two-hour seminar from the Retirement Income Certified Professional program at The American College. (Above: Curtis Cloke, Richard Weber and David Littell.)
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DFA and S&P Collaborate on STRIDE Index

STRIDE stands for Shift To Retirement Income and DEcumulation. 'We see the index as an appropriate benchmark for the transition from wealth accumulation to income,' said Philip Murphy, vice president at S&P Dow Jones Indices.

Comment: Oracle and Others Sued by Schlichter

'There has been an uptick in the number of ERISA fiduciary breach lawsuits filed in the last few months,' writes Clark at the FRAplantools blog. He comments on four cases filed by plaintiffs attorney Jerry Schlichter, including one against Oracle Corp.
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Legal Defenses

Will the financial services industry sue the Department of Labor if it doesn't like the final wording of the fiduciary rule? And if it does, what happens next? Four attorneys--Bruce Ashton, Mercer Bullard, Tom Clark, and Steve Saxon, share their views.

Honorable Mention

Brief or late-breaking items from Starburst/Wealthbox, LIMRA, T. Rowe Price, and Sumitomo Life/Symetra.