In this episode, the dynamic duo of Nevin & Fred take a look (ahead) at the prospects for the fiduciary rule (3.0), ESG, PEPs, Retirement Income (and income projections), industry consolidation & legislative outlook for 2022.

Episode Resources

Fred’s Fiduciary Rule blog: https://fredreish.com/

DOL Delays Enforcement of Fiduciary Investment Advice Exemption: https://www.napa-net.org/news-info/daily-news/dol-delays-enforcement-fiduciary-investment-advice-exemption-0

DOL Proposal Would Reverse Trump ESG, Proxy Voting Rules: https://www.napa-net.org/news-info/daily-news/dol-proposal-would-reverse-trump-esg-proxy-voting-rules

Resource Page on MEPs, PEPs, ad PPPs: https://www.napa-net.org/news-info/daily-news/resource-page-meps-peps-and-ppps-launches

Are We Ready for Retirement Income?: https://www.napa-net.org/news-info/daily-news/are-we-ready-retirement-income

Environmental, social and governance (ESG)-focused investing is of increasing interest to investors, plan sponsors and…regulators.  In this episode, Nevin & Fred focus on where things stand, what’s changed (and what hasn’t), and what plan fiduciaries/plan advisors should consider doing…now.

Episode Resources

Three ‘Scary’ Things That Give Plan Sponsors Chills: https://www.napa-net.org/news-info/daily-news/three-scary-things-give-plan-sponsors-chills

DOL Proposal Would Reverse Trump ESG, Proxy Voting Rules: https://www.napa-net.org/news-info/daily-news/dol-proposal-would-reverse-trump-esg-proxy-voting-rules

The DOL Proposal: Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights

ESG Investing Resource Page:  https://www.napa-net.org/industry-intel/esg-investing

Being a plan fiduciary is a tough job—and one that, it’s probably fair to say—is underappreciated, if not undercompensated.  

This week Nevin and Fred focus on five key missteps that plan committees make - and the best practices that can help keep you out of trouble. 

Episode Resources 

5 Plan Committee Missteps 

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Your plan might be an excessive fee litigation target if...join Nevin Adams and Fred Reish for the latest installment of Nevin & Fred.

Nevin & Fred discuss the recent Aon survey on "what drives fiduciary liability", and give you their perspectives on the key takeaways.

Episode Resources

Cybersecurity is a hot topic these days, with a new ransomware attack or data breach in the news nearly everyday. In this episode, Nevin & Fred talk about DOL's recommended best practices and the best ways to protect your retirement savings from cyber hacks. 

Episode Resources:

DOL Investigation Questions: https://nevinandfred.com/ 

DOL Unveils Cybersecurity Guidance for Recordkeepers, Fiduciaries: https://www.napa-net.org/news-info/daily-news/dol-unveils-cybersecurity-guidance-recordkeepers-fiduciaries

DOL Reportedly Begins Cybersecurity Plan Audits: https://www.napa-net.org/news-info/daily-news/dol-reportedly-begins-cybersecurity-plan-audits

EBSA Online Security Tips: https://www.dol.gov/sites/dolgov/files/ebsa/key-topics/retirement-benefits/cybersecurity/online-security-tips.pdf 

EBSA Cybersecurity Program Best Practices: https://www.dol.gov/sites/dolgov/files/ebsa/key-topics/retirement-benefits/cybersecurity/best-practices.pdf

It's been said that a committee is a group that keeps minutes and loses hours, but they are an essential element in assuring prudent retirement plan operation and administration. In this episode we cover the who, what, how and how much of retirement plan committees - with some best practices and some things to avoid thrown in for good measure.

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Episode Resources:

Retirement Plan Committees (PSCA Survey):  https://www.psca.org/research/snapshot-surveys/2021/committees

Building on a wide-ranging series of retirement plan design enhancements introduced by the Setting Every Community Up For Retirement Enhancement (SECURE) Act of 2019 (hence, SECURE 2.0), Chairman of the House Ways & Means Committee Richie Neal (D-Ma) and Ranking Member Kevin Brady (R-TX) have now introduced a sequel of sorts. Dubbed "SECURE 2.0", the Securing a Strong Retirement Act of 2021 has been introduced and passed the U.S. House Ways & Means Committee, and is now headed for consideration by the full U.S. House of Representatives.  Nevin Adams and Fred Reish take a look at five key provisions, their implications for retirement - and for the retirement security of millions of working Americans.

Other Resources: https://www.napa-net.org/news-info/daily-news/what%E2%80%99s-new-secure-act-20 

Join Nevin Adams & Fred Reish for the inaugural episode of "Nevin & Fred: Fresh & Best Perspectives." 

Technically, it’s not a “rule”—but after years of debate, hearings, comments, litigation and preparation, there are some new rules regarding investment advice—and some help for retirement plan advisors. Nevin Adams and Fred Reish take a look at the implications. And have some fun doing it.

Episode Resources:

DOL PTE 2020-02: https://www.govinfo.gov/content/pkg/FR-2020-12-18/pdf/2020-27825.pdf