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.
Compliance | December 22nd, 2023 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...
Compliance | December 21st, 2023 Empower Calls on DOL to Withdraw Fiduciary Proposal According to the recordkeeping giant, the proposal would reduce plan and participant access to sales conversations and recordkeeping services.
Compliance | December 19th, 2023 Annuities, Rollovers, and Access Dominate Debate Over DOL Fiduciary Proposal The insurance industry and consumer advocates have taken polar opposite views on the controversial DOL proposal.
Compliance | December 13th, 2023 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...
Compliance | December 12th, 2023 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.
Compliance | December 11th, 2023 2024 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plans.
Compliance | December 1st, 2023 New DOL Proxy Voting Rules Take Effect Friday The new rules will require managers to obtain consent for their investment policy.
Administration | November 17th, 2023 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...
Data and Research | November 10th, 2023 Lack of Policies to Support Working Caregivers Continues to Set US Economy Back The U.S. has an opportunity to create more than $775 billion in additional economic activity per year by investing in...
Compliance | November 8th, 2023 Trade Groups Say 60-Day Comment Period Is Not Enough for the Fiduciary Rule Industry associations write to the DOL arguing that the new proposal is too long and complicated for just a 60-day...
Compliance | October 26th, 2023 New House Speaker Mostly Unknown to Retirement Industry Industry advocates have very little to say about Mike Johnson, good or bad, but another budget showdown could reveal his...
Compliance | October 17th, 2023 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.
Compliance | October 4th, 2023 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...
Compliance | September 22nd, 2023 Federal Judge Rejects One of Two Challenges to DOL ESG Rule The court’s decision says that the rule does not violate ERISA, but another case in Wisconsin continues.
Compliance | September 1st, 2023 Congressional Republicans Oppose DOL Proposal of New Fiduciary Rule A notice of rulemaking has not been issued yet, but Republican leaders are already discouraging the Department of Labor from...
Compliance | August 31st, 2023 Wagner Law Group: Climate Funds, ERISA May Co-Exist, With Prudence A fiduciary can use climate funds, as long as they ‘equally serve’ the financial interests of participants.
Compliance | August 31st, 2023 Former American Airlines Pilot Doubles Down on ESG Complaint The plaintiff responds to an American Airlines motion to dismiss by alleging he was, in fact, defaulted into ESG-related funds...