Compliance

The Investment Company Institute (ICI) has issued a statement strongly urging the state of Michigan to repeal a portion of recently enacted legislation that imposes a sales tax...

Referring to fees charged to 401(k) plan participants, at a hearing Wednesday, the Chairman of the Senate Special Committee on Aging said that consumers have a basic right...

The U.S. House Ways and Means Committee will hold an October 30 hearing to discuss the fees charged to participants enrolled in defined contribution plans.

The Internal Revenue Service (IRS) has issued interim guidance generally extending to 2007 the 409A tax reporting guidance that was applicable to 2005 and 2006 tax years.

Saying it was “probably the most important regulation issued resulting from the Pension Protection Act of 2006,″ Bradford Campbell, Assistant Secretary for the Employee Benefit Security Administration (EBSA)...

Morgan Stanley has agreed to a $16 million settlement over allegations that it denied business opportunities to African-American and Latino financial advisers, Reuters reported.

Although stable value did make it on the list of approved qualified default investment alternatives (QDIA), the final regulations issued Monday only sanction the fund type as a...

After months of direct pressure from the deferred compensation community for more time to comply with new federal regulations, regulators on Monday granted a one-year reprieve.

Minnesota Senator Norm Coleman has proposed legislation that would allow individuals who are 60 days late on their mortgage payments to dip into their 401(k) or individual retirement...

I was at a conference a couple of weeks ago, when the CEO of a large, national consulting firm stood up and commented on the increased fiduciary burden...

A new Congressional legislative proposal would delay implementation of new pension funding rules under the Pension Protection Act (PPA) for a year to better allow regulators to issue...

As published by the Internal Revenue Service.

Federal tax officials on Thursday released the new pension plan dollar limits with cost-of-living adjustments for the 2008 tax year.

A U.S. Court of Appeals has overturned a $2.1 million award won by an ex-Merrill stockbroker, but upheld the original verdict, along with an $850,000 award for defamation.

The Social Security Administration announced the monthly Social Security and Supplemental Security Income benefits for more than 54 million Americans will increase 2.3% in 2008.

In the midst of a growing concern about the vulnerability of senior citizens, the Financial Industry Regulatory Authority (FINRA) has announced the availability of a free, instructional webcast...

The Government Accountability Office (GAO) has issued a report detailing the impact of specific changes to Social Security and retirement benefit laws could have in helping to narrow...

The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued new guidance of the timing of participant benefit statements for plans in which participants cannot direct their...

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has released an interactive calculator to help employers and plan administrators who faltered on annual reporting requirements accurately...

The Keller Rohrback L.L.P. law firm has is investigating State Street Global Advisors (SSgA) and State Street Bank&Trust Company for potential violations of the Employee Retirement Income Security...