Compliance February 21st, 2024 Regulation Best Interest and Individual Retirement Accounts Reg BI requires advisers to consider leaving the client’s assets in their original retirement account.
Compliance February 20th, 2024 Industry Asks IRS to Limit Automatic Features in Merged Plans Specifically, commenters request that single-employer plans not required to have automatic features, should retain that status when joining a MEP...
Compliance February 16th, 2024 TIAA Subsidiary Settles With SEC for $2.2M on IRA Recommendation Charge TIAA-CREF Individual and Institutional Services settled charges of failing to comply with Regulation Best Interest.
Compliance February 15th, 2024 EBRI Appoints New Leaders to Board of Trustees Sandy McCarthy of One America will chair the executive committee, and Lisa Margeson of Bank of America will chair the...
Compliance February 15th, 2024 Smaller Accounts, Insurance Product Impact Debated at Hearing on Fiduciary Proposal Witnesses called to testify at a House hearing disputed whether small balances would still be served under the retirement security...
Compliance February 14th, 2024 Gensler Defends SEC’s Predictive Analytics and Conflicts of Interest Proposal Artificial intelligence still presents unique systemic and compliance risks that are not easily disclosed, he argued.
Compliance February 13th, 2024 EBSA Recovered $1.4B in Retirement, Health Benefits in ’23 Head Lisa Gomez points to education and outreach growth as important outcomes, along with recovered funds and relief.
Compliance February 13th, 2024 Retirement Security Proposal Addresses ‘Significant Gaps,’ EBSA Official Says PLANADVISER interviewed Tim Hauser of EBSA on the retirement security proposal.
Compliance February 9th, 2024 California Further Tightens Restrictions on Non-Compete Clauses Non-compete agreements are now entirely unenforceable in California courts, even if signed outside of the state.
Compliance February 8th, 2024 Past Proposals to Tax Qualified Retirement Plans Have Never Gotten Far Industry has always organized to defeat even marginal changes to the tax-preferred status of DC plans.
Compliance February 7th, 2024 New SEC Rule Will Require Major Liquidity Providers to Register as Dealers The targets of the rule likely include major hedge funds trading in government securities as buyers and sellers.
Compliance February 7th, 2024 Federal IRA Bill Proposed in House of Representatives The proposal received widespread support from the retirement and insurance industries.
Compliance February 6th, 2024 Senate Bill Would Block SEC Predictive Analytics Proposal Many industry leaders in retirement planning have called for a full or partial withdrawal of the proposal.
Compliance February 6th, 2024 5th Circuit Court Hears Challenge to SEC Private Fund Adviser Rule The rule requires private fund advisers to make additional disclosures and forbids them from providing investors with preferential treatment related...
Compliance February 6th, 2024 Webinar Series on Fiduciary Duties, Disclosure Requirements to Be Hosted by EBSA in March EBSA is providing the webinar to inform fiduciaries about various duties such as disclosure, PTEs and voluntary corrections.
Compliance February 5th, 2024 EBRI Finds Small Businesses Don’t Know About Start-Up Credits The research institute also found that some businesses would consider ending their plan and joining a state-run auto-IRA program if...
Compliance February 1st, 2024 401Kids Savings Act Would Create Savings Accounts for Eligible Minors Participants could withdraw funds starting at age 18 to pay for higher education, business startups and home purchases.
Compliance January 31st, 2024 Can 403(b)s and CITs Some Day Be Friends? Legislation to permit the pooled investment into 403(b) plans continues to inchworm its way through Congress.
Compliance January 30th, 2024 Auto-Portability Key to Retirement Security, Says EBSA’s Gomez With guidance published in the Federal Register, the assistant secretary of labor noted a connection between auto-portability and the retirement...
Compliance January 29th, 2024 Advisers Hardly Ever Recommend Active TDFs to Retirement Plans, Research Shows A report from Cerulli also found that student loan matching and Roth matching are among the most recommended SECURE 2.0...