DOL Proposes Extending UBS, Credit Suisse QPAM Exemptions
The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when...
Tag: EBSA
EBSA’s Gomez Offers Glimpse of DOL’s Thinking on ESG Rule; SECURE 2.0
Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make...
Benefits |
EBSA’s Gomez Highlights Retirement Pioneer During Women’s History Month
Lisa Gomez, the head of EBSA, honored Cindy Hounsell’s achievements in increasing women’s financial education and retirement security.
DOL Reopens Comment Period for QPAM Exemption Change
A third comment period will remain open until April 6.
DOL Urged to Pursue Equal Opportunity Cases in Biden Budget Proposal
The White House’s proposed fiscal 2024 budget would also increase budgets for the Social Security Administration and the IRS.
Upcoming EBSA Webinars Will Detail Fiduciary Duties
Three EBSA webinars this month will explain the basics of ERISA fiduciary duties for retirement and health plans.
Assistant Secretary Gomez Explains Upcoming EBSA Priorities
Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.
Partisan Divide Continues to Sharpen on ESG Investing
EBSA head Lisa Gomez spoke in defense of a DOL rule that would permit ESG in retirement plans as Republicans...
New DOL Proposal Would Allow Fiduciaries to Self-Correct Certain Errors
If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty.
ESG Is Now Permissible, But Not Required, Under ERISA
The DOL rule is designed to reduce legal uncertainty and obstacles to ESG investment.
Public Hearing Exposes Discord on QPAM Rule Implementation
A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements...
What Would a Government Shutdown Mean for the DOL?
The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
Hearing Scheduled, Comment Period Extended on QPAM Exemption Proposal
The comment period of the DOL’s proposed amendment was scheduled to expire in late September, but the regulator says it...
EBSA Issues New Audit Independence Guidance
A new bulletin addresses the ‘independence’ requirement for accountants who audit employee benefit plans under the Employee Retirement Income Security...
Complexity of QPAM Proposal Could Be a Concern
Attorney calls the objectives of EBSA's proposed amendment 'sensible,' but said implications could be 'unexpected and worrying.'
Qualified Professional Asset Manager Exemption Changes Proposed
The Department of Labor’s proposal will affect a prohibited transaction exemption that permits certain parties related to retirement plans to...
Confirmation Vote for Lisa Gomez Fails in the Senate
Majority Leader Chuck Schumer voted against the confirmation so that it can be brought up again at a later date.
EBSA Nominee Headed for Confirmation Vote
A Senate vote is scheduled for next week on the appointment of Lisa Gomez as head of the Employee Benefits...
DOL Issues Warning About Crypto Assets in DC Plans
The lead regulator of employer-sponsored retirement plans says cryptocurrencies and other digital assets are subject to a variety of issues...