Lawmakers Press Perez to Redraft DOL Fiduciary Proposal
A group of mostly Republican Congressional representatives are urging Secretary of Labor Thomas Perez to scrap the current fiduciary rule...
Tag: Regulations
SEC Faces Its Own Debate on Fiduciary Advice Standards
Transcripts from a tough SEC hearing called earlier this month show it's not just the Department of Labor considering changes...
Commenters Express Concerns About Fiduciary Rule
With Tuesday’s deadline to submit comment letters about the fiduciary rule proposal, the Department of Labor received a flood of...
Voya Asks DOL to Ease Up on Fiduciary Rule
The financial firm says the proposal has “unduly complicated” provisions.
Retirement Shortfalls and Cooler Markets
Why are older Americans’ retirement income shortfalls everyone’s problem?
Senate Joins House in Effort to Defund Fiduciary Rule
A committee approved an appropriations bill that would restrict the Department of Labor in its fiduciary rule efforts.
Fiduciary Rule Grilled on Capitol Hill
Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s...
Financial Planning Coalition Applauds Fiduciary Rule
Calls update to a 40-year-old rule “long overdue.”
House Committee Moves to Defund Fiduciary Rule Effort
In a section called “Reducing Harmful Red Tape,” the committee proposes a “provision prohibiting regulatory changes to the definition of...
GAO Finds Overactive Participant Trading Is Rare
Retirement plan participants seldom engage in too-frequent or inappropriately coordinated trading.
DOL Announces Hearing About Fiduciary Rule
The announcement also includes the official notice of an extended comment period.
Business Leaders Warn of Fiduciary Rule Fallout
The U.S. Chamber of Commerce issued a report warning the fiduciary rulemaking effort could harm small business employees.
DOL Extends Fiduciary Comment Period
The period for public comment on the new fiduciary definition has been extended from 75 days to 90 days.
GOP Senators Demand More Time for Fiduciary Feedback
A group of Republican senators asked the Department of Labor to give the public more time to weigh in on...
Industry Hopes for Expanded Multiple Employer Plan Access
A new report from Prudential analyzes the U.S. retirement savings gap and recommends legislative action to expand use of multiple...
(b)lines Ask the Experts – Will the DOL Proposal Make Me a Fiduciary? Part II
“I read with great interest your recent Ask the Experts column about a benefits manager who worked with consultants to...
Demographics Prompting Focus on Retirement Income
Changing workforce demographics are driving retirement plan policy and law.
Fiduciary Changes Still Hard to Grasp
The DOL’s proposed fiduciary rule is deeply complex and potentially very wide-reaching, one experienced ERISA attorney tells PLANSPONSOR, suggesting absolute...
(b)lines Ask the Experts – Will the DOL’s New Proposal Make Me a Fiduciary?
“As an employee benefits manager for a large nonprofit hospital, I work with our plan consultants to put together investment...
Too Soon to Assume the Worst About Fiduciary Rule
Plan sponsors and advisers should keep in mind the fiduciary rule language issued by the DOL is just a proposal.