"Since virtually all investment and insurance advice to IRAs and plans... will become fiduciary advice on April 10, 2017, two steps should be taken.... [1] if they don't already exist, processes need to be put in place so that any advice satisfies the prudent person requirement.... [2] all payments for the advice (including indirect and non-cash compensation, whether to the adviser, the supervisory entity or any affiliates or related parties) need to be examined.... [T]he compensation arrangements will need to satisfy the prohibited transaction rules ... Or, in the alternative, the condition of a prohibited transaction exemption must be satisfied. And, all of that needs to be done by April 10, 2017."  MORE >>