Compliance

The SEC is sending a stern reminder to broker/dealers to better follow new Regulation Best Interest standard, intended to mitigate conflicts of interest when recommending securities.

The three supplemental SFA packages provide a total of more than $200 million.

The DOL’s new rule on ESG, which takes effect today, is being challenged by a range of actors in a lawsuit filed last week.

The law offers some minor changes, but some sections do result in increased availability and flexibility for annuities.

The rule is scheduled to take effect on Monday, but 25 state attorneys general and three fossil fuel advocates are seeking an injunction to block it.

The two construction pension plans will receive more than $70 million in combined funds.

Legislators seem to have dropped a section from the final version of SECURE 2.0 that nullifies catch-up contributions in retirement plans, but an industry advocate has already called...

District Judge allowed one plaintiff 28 days to submit an amended complaint.

The 2nd Circuit Court of Appeals’ reversal of class certification will likely make it more difficult for ERISA class action lawsuits.

The DOL made a proposal to expand the VFCP in November 2022, and SECURE 2.0 also made changes to IRS and DOL corrections programs.

SECURE 2.0 has several provisions designed to increase retirement plan creation and participation by small businesses, in particular by offering them larger tax credits and by exempting them...

Workers contributing to the Allianz Savings and Retirement Plan have brought allegations of self-dealing against plan fiduciaries.

The two union pensions, one in transportation and the other in graphic communications, will receive more than $100 million in combined funds.

The Actuarial Standards Board approved changes for public pension plans’ investment portfolio risk assessments, disclosures of employer contributions and investment gain/loss analyses.  

An ERISA suit filed in 2021 alleged that Deloitte did not monitor the fees being charged to its 401(k) plan.

SECURE 2.0 makes several regulatory and disclosure changes for DB plans.

The reforms complement the student loan matching provision and make it easier to use ABLE and 529 accounts for college savings.

Quest Diagnostics’ 401(k) profit sharing is the target of a new retirement plan lawsuit alleging excessive fees for investments.  

The RMD change is straightforward, but the catch-up change, not as much.

EBSA's agenda includes speaking with plan sponsors, service providers and plan participants; asking what regulators can do to help increase PEP growth.