Regulatory & Compliance
The American Securities Association is urging the CFP Board of Standards to ease up on enforcing its fiduciary requirement for CFP holders who comply with Regulation Best Interest. So reports Barron’s.
Markets & Investments
A study by the Vanguard Center for Investor Research and Mercer actuaries has determined that retirees in 2018 spent between $4,900 and $6,000 on healthcare costs, including Medicare premiums and out of pocket expenses. So reports the Associated Press.
Technology & Communications
Implementing compliance with the Best Interest regulation will be a huge challenge for broker-dealers and firms should notify the Securities and Exchange Commission of any inadequacies with adopting the rule, says SEC Commissioner Hester Peirce. So reports Think Advisor.
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