5th Circuit Grants DOL 60 More Days on Fiduciary Rule Lawsuit
The Department of Labor will have more time to decide its next steps in litigation against the Biden-era Retirement Security...
Tag: DOL fiduciary rule
Judge Approves DOL’s Motion to Pause Fiduciary Rule Litigation
The circuit judge granted a 60-day abeyance in two lawsuits against the DOL over its Retirement Security Rule.
DOL Seeks Pause of Fiduciary Rule Stay Appeal
Department of Labor had filed notices of appeal in September 2024 regarding two federal court rulings that had stayed implementation...
SEC Advisory Committee Hearing on Best Interest Advice Set
The group will discuss financial professionals’ obligations to clients in light of the court stays on the DOL’s retirement security...
GAO Finds Conflicts of Interest in Sale of Certain Retirement Investments
The interests of financial professionals and firms ‘often conflict with the interests of retirement investors,’ according to the watchdog’s report.
DOL’s Retirement Security Rule Stayed Ahead of Effective Date
A Texas federal court judge sides with insurers, issues a preliminary injunction of the fiduciary rule.
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.
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...
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 Committee Hears Expert Testimony on Fiduciary Proposal
Members of Congress and their invited experts discussed the pros and cons of the Department of Labor’s retirement security 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’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.
Continuing Resolution Passes, Congress Continues Budget Debate
The resolution would give Congress an additional two months to finalize a budget.
No Additional Time for Fiduciary Proposal Comment, EBSA Confirms
An EBSA letter to SIFMA confirmed the 60-day comment period will proceed as originally planned.
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...
DOL Would Oversee Annuity Sales, Rollovers Under New Proposal
The rule is open for public comment, with legal challenges expected almost immediately.
‘Important Step’ or ‘Out of Touch’? Reactions to DOL Proposal Run the Gamut
Financial sector responds to proposed amendments to advice regarding retirement plan rollovers and annuity sales.