What Does Regulation Best Interest Say About Rollovers?
The SEC has explained that advisers must have a reasonable basis to believe moving assets from a former employer’s plan...
Tag: Reg BI
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...
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.
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.
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.
Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal
The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.
The SEC’s Retail Mutual Fund Disclosure Framework Is Changing
A new Securities and Exchange Commission proposal takes a sensible, layered approach to disclosure that takes advantage of today’s ubiquitous...
Back to the Fiduciary Future?
Analysts say the Department of Labor is officially reinstating the “five-part test” for determining fiduciary status.
Newly Published DOL Fiduciary Proposal Matches SEC’s Reg BI
The proposed rule aligns with the SEC’s Regulation Best Interest and the Suitability in Annuity Transactions Model Regulation adopted last...
Warren Asks DOL Secretary Not to Mimic Reg BI
The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...