Certified Financial Planner Board Issues Crypto Guidelines
The nonprofit warns financial planners that crypto-related assets “can be speculative and volatile.”
Compliance
Democrats Suggest SEC Should Reform Scope 3 Climate Disclosure Proposal
Scope 3 disclosure requirements are losing support in Congress.
Participants Regain $1.4 Billon Thanks to EBSA’s Interventions
The largest category of plan money recovery was from enforcement actions.
Expert Consensus: SECURE 2.0 May or May Not Pass
Passage of the final bill depends on whether Congress can pass an annual budget.
New Modifications Released for Forms 5500 and 5500-SF
The document changes were the same for administrative penalties, but also contained differences.
Bipartisan Group Introduces Bill for Portable Federal Retirement Accounts
Legislation would establish a new program to give eligible workers access to portable, tax-advantaged accounts.
LPL Advisers Overwhelmingly Support SECURE 2.0 Even as Timeline for Passage Tightens
On the same day Senator Rob Portman, a retirement-legislation leader, gave his farewell speech, a survey from the massive independent...
District Court Dismisses Two ERISA Lawsuits Challenging BlackRock TDFs
A series of lawsuits brought against plan sponsors that use the BlackRock funds as their QDIA received a setback last...
Congress Nears Passage of RILA Registration Legislation
The proposed legislation would greatly simplify the process by which the annuities are registered by providing for tailored registration forms.
Experts: More Hackers Going After Retirement Savings
Cybersecurity experts say they see an increase in theft of participant data from retirement plans, and warn about scams in...
SEC and Goldman Sachs Settle for $4 Million for ESG Policy Infractions.
GSAM did not follow its own policies in selecting funds with ESG label despite appealing to those policies in promotional...
SEC Climate Disclosure Rules Find Republican Opposition in Both Houses
An SEC proposal to require certain disclosures related to climate change and carbon emissions is facing Republican opposition in the...
U.S. Regulator Urges Congress to Act Fast on Crypto Regulation
CFTC Chairman says digital asset marketplaces should be regulated with tactics such as needing to register with federal overseers.
Wait, SECURE 2.0 Might Not Pass?
The legislative package may be running out of time, suggested Senator Ben Cardin at the EBRI Retirement Summit.
DOL Extends Comment Period for Independent Contractor Rule
The proposed rule could affect thousands of independent financial advisers who prefer to be classified as independent contractors, rather than...
Advisers Should Comment, Prepare Vendor List Ahead of SEC Outsourcing Rule
Investment and retirement advisers—especially smaller shops—should take the time remaining to provide their feedback about the SEC’s proposed outsourcing rule,...
What Do the Mid-Terms Mean for ESG and SECURE 2.0?
ESG-minded investors have cause for concern, as Republicans prepare to take control of the House.
Judge Dismisses Charge of “Unreasonable” 401(k) Fees by Electronics-Maker Ricoh
A federal district court bounced two fiduciary breach claims brought by participants against Ricoh USA, saying plaintiffs failed “to plausibly...
DOL Proposes Changes to Voluntary Fiduciary Correction Program
The proposal would allow fiduciaries to correct certain transactional mistakes and then notify DOL instead of applying for approval beforehand.
DOL Rule Greenlights ESG, But Questions Remain
The new final rule seeks to make ESG permissible for ERISA plans, but specific use will still need to play...