Compliance | April 24th, 2024 What’s In the Final Retirement Security Rule? The final rule applies fiduciary status for investment sales, rollover recommendations and annuity sales.
Compliance | April 17th, 2024 DOL Asks for Budget Increase to Implement SECURE 2.0 The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
Compliance | April 11th, 2024 Final Fiduciary Rule Expected Soon OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.
Administration | April 3rd, 2024 Comment Period Extended for SECURE 2.0 Reporting, Disclosure Rules Federal agencies are seeking advice on how to improve the reporting and disclosure system for retirement plans governed by ERISA.
Compliance | April 2nd, 2024 DOL Finalizes QPAM Rule Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.
Compliance | April 1st, 2024 Stakeholders Ask for Fewer Regulatory Mandates for Automatic Portability U.S. Chamber of Commerce and ERIC ask for a longer compliance date and a removal of required non-English disclosures.
Compliance | March 25th, 2024 DOL Answers Appeal in ESG Rule Litigation The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.
Compliance | March 19th, 2024 Advocates for DOL Fiduciary Proposal Say Existing Insurance Regulations Fall Short The proposal would add a private right of action and tighter conflict of interest rules.
Compliance | March 11th, 2024 DOL Sends Final Fiduciary Rule to OIRA For Review The final draft has been written and now will undergo a review expected to take about 60 days.
Compliance | February 27th, 2024 EBSA Expects to Finalize Voluntary Correction Update in ‘Next Few Months’ Ali Khawar, of the Employee Benefit Security Administration, indicated that the agency may be set to finalize amendments to the...
Compliance | February 15th, 2024 Congressional Hearing Highlights Arguments for, Against Retirement Security Proposal The House of Representatives hosted a second hearing on the retirement security proposal, during which witnesses disagreed on the adequacy...
Compliance | February 13th, 2024 DOL’s EBSA Recovered $1.4B for Retirement, Health Plans in 2023 Regulator cites growth of outreach and education programs along with monetary recoveries among last year's accomplishments.
Compliance | February 13th, 2024 DOL Official Makes Case for Retirement Security Proposal Tim Hauser sat down with PLANSPONSOR to discuss the merits of the proposal.
Compliance | February 6th, 2024 EBSA Plans March Fiduciary Responsibility Webinar Series The events will offer information about disclosure requirements and other obligations for retirement and health benefit plans.
Compliance | January 19th, 2024 A Call for Feedback on Retirement Reporting Requirements Federal agencies are looking for comments on how to make overall improvements to the current disclosure and reporting system.
Compliance | January 19th, 2024 Fiduciary Proposal May Be Extremely Expensive to Implement, Oxford Survey Finds The biggest costs would come from disclosure requirements related to rollover decisions, according to a survey commissioned by a financial...
Compliance | January 12th, 2024 American Securities Association Wants DOL Employees Recused From Work on Fiduciary Proposal The ASA requested that Congress identify and consider removing from the project certain DOL staff involved with the proposal.
Compliance | January 8th, 2024 House Members Join Calls to Withdraw DOL Fiduciary Proposal A letter, signed by representatives from both sides of the political aisle, argues the proposed DOL rule changes are unnecessary...
Compliance | January 3rd, 2024 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...
Compliance | December 29th, 2023 ASA Calls Fiduciary Proposal Unlawful, Anticipates Litigation Group questions authority of Acting Labor Secretary Julie Su to approve any final rulemaking.