Fiduciary Proposal Comment Period Closes, Receives Both Praise and Criticism
Morningstar argued that the DOL proposal would lower fees for smaller plans, while ACLI argued it would reduce access to...
Tag: DOL fiduciary rule
ASA Calls Fiduciary Proposal Unlawful, Anticipates Litigation
Group questions authority of Acting Labor Secretary Julie Su to approve any final rulemaking.
DOL’s Proposed Fiduciary Rule Changes See Mixed Response
The start of 2 days of testimony airs opinion from industry groups, advisers and consumer advocates in live webinars.
Continuing Resolution Passes, Congress Continues Budget Debate
The resolution would give Congress an additional two months to finalize a budget.
No Additional Time for Fiduciary Proposal Comment, EBSA Confirms
An EBSA letter to SIFMA confirmed the 60-day comment period will proceed as originally planned.
Republican Budget Proposal Would Cut EBSA Budget, Roll Back ESG Rule
The budget, which President Joe Biden has pledged to veto, would also prevent the DOL from implementing the fiduciary adviser...
DOL Would Oversee Annuity Sales, Rollovers Under New Proposal
The rule is open for public comment, with legal challenges expected almost immediately.
‘Important Step’ or ‘Out of Touch’? Reactions to DOL Proposal Run the Gamut
Financial sector responds to proposed amendments to advice regarding retirement plan rollovers and annuity sales.
Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal
The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.
Retirement Fiduciary Proposal Coming Very Soon
Industry experts now expect the proposal on 3(21) fiduciaries to come by month’s end.
Acting Secretary of Labor Su Clarifies Aim of New Fiduciary Proposal
The proposal seeks to broaden the definition of fiduciary adviser under ERISA, though the precise wording is not yet available.
Republicans Challenge Acting Secretary of Labor’s Authority Amid Rumors of New Fiduciary Rule
Industry watchers expect the Department of Labor to submit a proposed new rule this month.
EBSA Says It Will Propose Fiduciary Rule in August
The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
Opinions |
Barry’s Pickings: Round and Round We Go
Michael Barry, president of O3 Plan Advisory Services LLC, discusses the political back and forth that occurs when administrations change,...
Opinions |
DOL’s Proposed ‘PTE’ on Fiduciary Advice: Same Pig, Different Shade of Lipstick
Michael Barry, president of O3 Plan Advisory Services LLC, discusses why he thinks the DOL’s new proposed fiduciary rule is...
DOL Anticipates Proposing Another Fiduciary Rule This Year
The item on the Department of Labor’s (DOL)’s regulatory agenda has moved from a final rule expected in September to...
Wells Fargo Pulls Back on Decision to Use T Shares
Although it did answer the question of whether the decision was made in response to the 5th U.S. Circuit Court...
PSNC 2018: Washington Update
Plan sponsors can anticipate additional guidance and legislation on a number of retirement plan issues.
DOL Issues Temporary Enforcement Policy Following 5th Circuit Decision on Fiduciary Rule
The agency noted that some financial institutions have devoted significant resources to comply with the BIC Exemption and the Principal...
Appeals Court Rejects AARP, State Arguments to Revive DOL Fiduciary Rule Process
The decision puts another layer of finality on the fate of the now-defunct Department of Labor fiduciary rule expansion, meaning...