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.
Tag: EBSA
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...
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.
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...
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...
ASA Calls Fiduciary Proposal Unlawful, Anticipates Litigation
Group questions authority of Acting Labor Secretary Julie Su to approve any final rulemaking.
DOL Proposes to Rescind 2018 Association Health Plan Rule
The original rule, had it not been vacated by a federal court, would have significantly relaxed the parameters for creating...
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...
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.
New DOL Proxy Voting Rules Take Effect Friday
The new rules will require managers to obtain consent for their investment policy.
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...
Continuing Resolution Passes, Congress Continues Budget Debate
The resolution would give Congress an additional two months to finalize a budget.
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...
26 State AGs Will Appeal ESG Rule Lawsuit Dismissal
After their initial challenge to the DOL’s ESG rule was dismissed, the states are appealing to the 5th Circuit Court...
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.
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...
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Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
The Bureau of Labor Statistics, which would shut down completely, produces the data necessary to update the COLA.
New Fiduciary Proposal Could Alter Participant-to-Adviser Relationships
The DOL sent a new fiduciary rule for an interagency review before its publication in the Federal Register.
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.