ASPPA says a uniform fiduciary standard would cause confusion, but a coalition of other financial groups said retail customers would benefit from such a standard.
The American Society of Pension Professionals & Actuaries (ASPPA) sent a comment letter to the Internal Revenue Service (IRS) regarding the use of forfeitures to fund ADP test...
The Securities and Exchange Commission (SEC) filed a civil injunctive action against Armand R. Franquelin of Ogden, Utah, and Martin A. Pool of Atlanta.
The 6th U.S. Circuit Court of Appeals found a benefits committee used a reasonable process to conclude it paid a participant's benefits according to his election.
The Governmental Accounting Standards Board (GASB) has published an Implementation Guide for new financial reporting standards for state and local government pension plans.
A federal judge dismissed a lawsuit brought against telecommunications firm Verizon Communications Inc., which dealt with the transfer of pension obligations.
Lawmakers in several states have proposed the idea of state-run retirement plans for private sector workers, a move that some say could be bad news for advisers.
The House Committee on Financial Services passed a bill Wednesday that would collar expected rulemaking from the Department of Labor (DOL) to amend the fiduciary definition.
An appellate court reversed the dismissal of an Employee Retirement Income Security Act (ERISA) class action against Amgen, Inc. and an Amgen subsidiary.