NAPA Net - Polling Places 042718

What's Your Take on the Impact of the SEC's Fiduciary Proposals?

Last week the SEC unveiled its much-anticipated fiduciary proposals – at a time when we still don’t know what the Labor Department will do in the wake of the Fifth Circuit’s decision to vacate its fiduciary rule. Sure, it's a big proposal (3 of them, actually) - but what do you think?

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* 1. OK, there's a lot to get through, and it's only been a couple of days, but have you (check all that apply):

Read through all three SEC proposal documents

Read through at least one of them.

Skimmed them all

Skimmed some.

Read NAPA-Net's coverage

Read general coverage.

Plan to get to them this week.

Waiting for the final version.

Something else (please specify)

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* 2. Do you think the SEC proposals will:

Help

Hurt

Make no difference at all

Not matter, because these proposals are not close to being the final proposals.

Something else (please specify)

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* 3. Do you think the release of the SEC proposals will impact/influence the Labor Department's next steps with the fiduciary rule?

I've no earthly idea.

No - completely separate events.

Yes, more likely to press forward with appeal of Fifth Circuit decision.

Yes, more likely to pull back on the parts dealing with IRAs, and focus on ERISA accounts.

Yes, more likely to step back, and integrate with the SEC.

Yes, more likely to step back, and let the SEC take the lead.

Something else(please specify)

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* 4. What impact would you LIKE the release of the SEC proposals (at least the final version) to have?

The DOL should press forward with appeal of Fifth Circuit decision.

The DOL should pull back on the parts dealing with IRAs, and focus on ERISA accounts.

The DOL should step back, and integrate its efforts with the SEC.

The DOL should step back, and let the SEC take the lead.

Something else (please specify)

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* 5. Other comments about the SEC proposals, the need for revisions to those SEC proposals, the length/breadth/adequacy of those proposals, the potential impact of those proposals on the DOL's fiduciary rule, the current status of the DOL's fiduciary rule, when people will stop referring to the DOL's fiduciary rule as "the DOL's fiduciary rule", or life in general?

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* 6. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 7. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 8. Suggestions for future survey questions?

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* 9. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...