Advocates for DOL Fiduciary Proposal Say Existing Insurance Regulations Fall Short
The proposal would add a private right of action and tighter conflict of interest rules.
Tag: EBSA
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.
EBSA Expects to Finalize Voluntary Correction Update in ‘Next Few Months’
Ali Khawar, of the Employee Benefit Security Administration, indicated that the agency may be set to finalize amendments to the...
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...
DOL’s EBSA Recovered $1.4B for Retirement, Health Plans in 2023
Regulator cites growth of outreach and education programs along with monetary recoveries among last year's accomplishments.
DOL Official Makes Case for Retirement Security Proposal
Tim Hauser sat down with PLANSPONSOR to discuss the merits of the proposal.
EBSA Plans March Fiduciary Responsibility Webinar Series
The events will offer information about disclosure requirements and other obligations for retirement and health benefit plans.
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.
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...