Study Suggests Fiduciary Rule Will Hurt Retirement Investors
Along with its comment letter to the Department of Labor, SIFMA sent study results that showed advisers have reduced access...
Tag: Regulations
DOL Signals Extension of Fiduciary Rule Transition Period
Many retirement industry providers will be glad to see the DOL is starting to signal a delay in the applicability...
Participant Fails to Establish Class Status in Prudential Lawsuit
The denial of the class certification motion goes into some detail regarding what it takes to establish class standing under...
DOL Fiduciary Rule FAQ Further Clarifies Compliance Demands
In general, if a covered service provider will continue after the fiduciary rule to provide services only in a non-fiduciary...
States Taking Fiduciary Reforms Into Their Own Hands
Several states are in the process of debating and potentially adopting their own legislation relating to the fiduciary responsibilities of...
5th Circuit Hears Latest Round of Fiduciary Rule Arguments
At least one judge on the three-judge panel that has been assigned to the case seemed to have little sympathy...
DC Industry Providers Voice Fiduciary Rule Frustration
The DOL is still seeking information from DC industry providers and stakeholders regarding potential new and amended administrative class exemptions...
Another House Committee Considers Fiduciary Reforms
The Affordable Retirement Advice for Savers Act seeks to repeal the fiduciary rule and clarify what should and should not...
ERISA Suit Questions Money Market Performance, Recordkeeping Fees
Because revenue-sharing payments are asset based in the plan, plaintiffs argue, “they bear no relation to a reasonable recordkeeping fee...
DOL Issues RFI About Fiduciary Rule
The request for information asks whether provisions of the rule already in place should be delayed further.
Labor Secretary Says SEC Will Work With DOL on Fiduciary Rule
In addition, Acosta said the DOL’s budget proposal funds an effort to improve ERISA disclosures to retirement plan participants.
Employers Must Assess HSA Fiduciary Exposure
While HSAs aren’t traditionally thought of as a retirement vehicle, the DOL broadened the scope of conflict of interest rules...
New Opportunity to Comment on Fiduciary Change
The new SEC Chair is calling on retirement industry stakeholders to weigh in on whether the DOL fiduciary rule is...
Plan Sponsors, Advisers Must Move Forward on Fiduciary Rule Compliance
Plan sponsors are reminded of the rule's provisions regarding education.
No More Delays for DOL Fiduciary Rule
Providers will have to begin complying with provisions of the new DOL fiduciary rule starting June 9, 2017.
Dodd-Frank, Fiduciary Rule Repeal Progresses in Congress
A bill that would repeal much of the Dodd-Frank Wall Street Reform Act and block the DOL fiduciary rule has...
Labor Secretary Confirmation Could Bring Fiduciary Clarity
Andrew Acosta’s appointment as Secretary of Labor was more or less a non-event from the perspective of the wider media...
Disney Plan Fiduciaries Defeat Investment Option Challenge
Plaintiffs unsuccessfully alleged plan fiduciaries should have known that an investment option had the “clear indicia of a growth stock,”...
DOL Fiduciary Rule ‘Transition Period’ Will Pose Challenges
While the Department of Labor has signaled it could do another delay of the fiduciary rule prior to June 9,...
Investors Lack Fiduciary Awareness
Only 50% of investors who work with a financial adviser are certain whether their adviser is a fiduciary, while 38%...