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SEC's Regulation Best Interest and RIA Interpretation: Impact on Plans, Participants and Rollovers

6/6/2019 12 - 1 p.m. EDT


Who Should Watch

This is a LIMRA member benefit webinar. Registration is open to home/corporate office employees of LIMRA member companies. Membership will be verified upon registration. 


Fred Reish
Drinker Biddle & Reath LLP
(see bio below)

Deb Dupont
Associate Managing Director, Worksite Retirement
LIMRA Secure Retirement Institute

The SEC's proposed Best Interest Regulation applies to recommendations to participants, including rollovers, but apparently does not apply to advice to plans. On the other hand, the proposed Interpretation Regarding Standard of Conduct for Investment Advisers applies to all clients, including plans and participants. It also specifically applies to rollover recommendations. This program discusses the provisions in the proposed Reg BI and RIA Interpretation covering advice to plans and participants, including rollovers. It also discusses other related guidance from the SEC, FINRA and the DOL.


Fred Reish
Partner, Faegre Drinker Biddle & Reath LLP

Fred Reish

Partner, Faegre Drinker Biddle & Reath LLP

Fred Reish is an attorney whose practice focuses on fiduciary responsibility, prohibited transactions, conflicts of interest and plan qualification and operation. He has been recognized as one of the “Legends” of the retirement industry by both PLANADVISER and PLANSPONSOR magazines. Fred has received awards for: the 401(k) Industry’s Most Influential Person by 401kWire; the Institutional Investor and PLANSPONSOR magazine Lifetime Achievement Awards; one of RIABiz’s 10 most influential individuals in the 401(k) industry affecting RIAs; Investment Advisor’s 25 Most Influential People by ThinkAdvisor; the IRS Commissioner’s Award and District Director’s Award; the Eidson Founder’s Award by ASPPA; and the ASPPA/Morningstar 401(k) Leadership Award. He has also received the Arizona State University Alumni Service Award. Fred currently serves on the CFP Board’s Public Policy Council and is a member of the CFP Board’s Standards Resource Commission. He has written more than 350 articles and four books about retirement plans. Fred co-chaired the IRS Los Angeles Benefits Conference for 10 years and served as a founding Co-Chair of the NAPA 401(k) Summit. He is a Trustee of Arizona State University.

Deb Dupont
Assistant Vice President, Workplace Retirement Research, LIMRA and LOMA

Deb Dupont

Assistant Vice President, Workplace Retirement Research, LIMRA and LOMA

Deb Dupont is responsible for LIMRA’s institutional (retirement plans) retirement research program. She conducts and supervises research, benchmark reporting, and study groups focused on the issues and trends faced by constituents of the defined contribution industry. She also provides guidance and thought leadership in helping LIMRA's member firms better understand the opportunities available for improving delivery of institutional retirement solutions.

Prior to joining LIMRA in 2014, Deb was the Director of ING's Retirement Research Institute (the Institute), where she created, managed, and published a research platform that included work focusing on multi-cultural, generational, and gender-based analyses of retirement behaviors, and also published insights and analyses of ING's own cross-defined contribution (i.e., across employment sectors) participant base. Deb's work has been recognized for effectiveness and quality by some of the most prestigious awards in the financial services and communications industries, including the Insurance and Financial Communicators' Association and the International Association of Business Communicators. She is a graduate of the University of Connecticut.

Contact us to learn more:

Debbie Boone

Senior Administrative Coordinator


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