Tag: DOL fiduciary rule

An EBSA letter to SIFMA confirmed the 60-day comment period will proceed as originally planned.

The budget, which President Joe Biden has pledged to veto, would also prevent the DOL from implementing the fiduciary adviser...

The rule is open for public comment, with legal challenges expected almost immediately. 

Financial sector responds to proposed amendments to advice regarding retirement plan rollovers and annuity sales. 

The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.

Industry experts now expect the proposal on 3(21) fiduciaries to come by month’s end.

The proposal seeks to broaden the definition of fiduciary adviser under ERISA, though the precise wording is not yet available.

Industry watchers expect the Department of Labor to submit a proposed new rule this month.

The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...

Michael Barry, president of O3 Plan Advisory Services LLC, discusses the political back and forth that occurs when administrations change,...

Michael Barry, president of O3 Plan Advisory Services LLC, discusses why he thinks the DOL’s new proposed fiduciary rule is...

The item on the Department of Labor’s (DOL)’s regulatory agenda has moved from a final rule expected in September to...

Although it did answer the question of whether the decision was made in response to the 5th U.S. Circuit Court...

Plan sponsors can anticipate additional guidance and legislation on a number of retirement plan issues.

The agency noted that some financial institutions have devoted significant resources to comply with the BIC Exemption and the Principal...

The decision puts another layer of finality on the fate of the now-defunct Department of Labor fiduciary rule expansion, meaning...

Michael Barry, president of the Plan Advisory Services Group, discusses the efforts—or lack thereof—of the Trump DOL regarding the fiduciary...