Compliance | December 19th, 2023 Annuities, Rollovers, and Access Dominate Debate Over DOL Fiduciary Proposal The insurance industry and consumer advocates have taken polar opposite views on the controversial DOL proposal.
Compliance | December 13th, 2023 Adviser, Insurance Industries at Odds During DOL Fiduciary Proposal Hearing After two days of hearings, the fiduciary adviser rule has been strongly criticized by the insurance industry but broadly supported...
Compliance | December 12th, 2023 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.
Compliance | December 11th, 2023 2024 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plans.
Compliance | December 1st, 2023 New DOL Proxy Voting Rules Take Effect Friday The new rules will require managers to obtain consent for their investment policy.
Administration | November 17th, 2023 EBSA Faces Budgeting Constraints as Responsibilities Increase The agency increasingly relies on supplemental funds, despite taking on more responsibilities, such as overseeing SECURE 2.0, according to the...
Data and Research | November 10th, 2023 Lack of Policies to Support Working Caregivers Continues to Set US Economy Back The U.S. has an opportunity to create more than $775 billion in additional economic activity per year by investing in...
Compliance | November 8th, 2023 Trade Groups Say 60-Day Comment Period Is Not Enough for the Fiduciary Rule Industry associations write to the DOL arguing that the new proposal is too long and complicated for just a 60-day...
Compliance | October 26th, 2023 New House Speaker Mostly Unknown to Retirement Industry Industry advocates have very little to say about Mike Johnson, good or bad, but another budget showdown could reveal his...
Compliance | October 17th, 2023 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.
Compliance | October 4th, 2023 ESOP Creation Deterred by Lack of Valuation Rules, Report Says A report from Matrix Global Advisors found that ESOPs need clear rules on valuation, which SECURE 2.0 requires the DOL...
Compliance | September 22nd, 2023 Federal Judge Rejects One of Two Challenges to DOL ESG Rule The court’s decision says that the rule does not violate ERISA, but another case in Wisconsin continues.
Compliance | September 1st, 2023 Congressional Republicans Oppose DOL Proposal of New Fiduciary Rule A notice of rulemaking has not been issued yet, but Republican leaders are already discouraging the Department of Labor from...
Compliance | August 31st, 2023 Wagner Law Group: Climate Funds, ERISA May Co-Exist, With Prudence A fiduciary can use climate funds, as long as they ‘equally serve’ the financial interests of participants.
Compliance | August 31st, 2023 Former American Airlines Pilot Doubles Down on ESG Complaint The plaintiff responds to an American Airlines motion to dismiss by alleging he was, in fact, defaulted into ESG-related funds...
Compliance | August 30th, 2023 Court Rules for DOL on ForUsAll Crypto Complaint A federal court has dismissed a case alleging that the DOL overstepped its bounds when warning recordkeepers and fiduciaries against...
Compliance | May 15th, 2023 DOL Proposes Extending UBS, Credit Suisse QPAM Exemptions The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when...
Compliance | April 26th, 2023 Julie Su’s Nomination to Head DOL Advances From Committee Su's confirmation as Secretary of Labor faces a close Senate vote.
Compliance | April 4th, 2023 DOL Responds to ESG Lawsuit on Same Day Its Venue Change Motion is Denied "Texas resides everywhere in Texas," a federal judge wrote in confirming he would hear the case filed by 25 states.
Compliance | March 22nd, 2023 DOL Reopens Comment Period for QPAM Exemption Change A third comment period will remain open until April 6.