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...
Tag: EBSA
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...
26 State AGs Will Appeal ESG Rule Lawsuit Dismissal
After their initial challenge to the DOL’s ESG rule was dismissed, the states are appealing to the 5th Circuit Court...
Retirement Fiduciary Proposal Coming Very Soon
Industry experts now expect the proposal on 3(21) fiduciaries to come by month’s end.
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.
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...
Benefits |
Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
The Bureau of Labor Statistics, which would shut down completely, produces the data necessary to update the COLA.
New Fiduciary Proposal Could Alter Participant-to-Adviser Relationships
The DOL sent a new fiduciary rule for an interagency review before its publication in the Federal Register.
Republicans Challenge Acting Secretary of Labor’s Authority Amid Rumors of New Fiduciary Rule
Industry watchers expect the Department of Labor to submit a proposed new rule this month.
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...
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.
DOL Opens Public Comment on SECURE 2.0 Provisions
EBSA will take feedback for 60 days on defined contribution reporting requirements, PEPs and emergency savings accounts.
EBSA Announces Additional Fiduciary Compliance Seminars
The upcoming seminars will be held in Fort Wayne, Indiana, and Omaha, Nebraska.
Annuity Provider Representatives Push Back Against PRT Criticisms
Leaders in the PRT world argue that many criticisms of insurers are misguided and that the DOL’s IB 95-1 has...
Upcoming EBSA Webcast Will Focus on Helping Women Save for Retirement
The August 16 webinar will focus on challenges and circumstances women face when preparing for retirement, as well as how...
DOL Considers Changing Standards for Annuity Provider Selection
Interpretative Bulletin 95-1 could be in for an overhaul this year or next.