Increased Scrutiny of Health Plans Leaves Advisers Racing to Keep Up
Congress’ recent appropriations act and proposed Department of Labor guidance both push for greater transparency from pharmacy benefit managers.
Compliance
DOL Alternative Assets Rule Passes White House Review
The Department of Labor can finalize the rule after a public comment period lasting 30 or 60 days.
Fink: ‘Diversification’ Could Fund Social Security
BlackRock CEO Larry Fink said adding diverse investment accounts could help the program profit from artificial-intelligence-driven gains in the stock...
BlackRock CEO Fink, SEC Commissioner Uyeda Tout Private Assets in DC Plans
While policymakers and market leaders anticipate expanded access, industry experts still have concerns over transparency fees and liquidity.
DOL Reverts to 5-Part Fiduciary Status Test
The Department of Labor is not conducting a comment period, nor offering a formal notice, regarding the rule.
Policy Uncertainty Is Affecting Retirement Psyche
Workers nearing retirement are delaying retirement and taking precautions as they fear inflation pressure, Social Security and government policies, Boston College research...
House Committee Approves GOP Bill to Reduce ERISA Litigation
Republicans claimed the bill would reduce the number of cases that lack merit but force employers into costly settlements.
ERISA Class Action Suits May Decrease Following Appeals Court Ruling
A circuit court’s ruling that ERISA fiduciary‑breach claims may be based only on individualized monetary losses has already impacted a...
Senator Proposes Ban on Crypto Holdings in Social Security
The bill pushes back against President Donald Trump’s embrace of digital assets, including efforts to expand their use in defined...
DOL Seeks Dismissal of Morgan Stanley Deferred Compensation Challenge
The Department of Labor argues ex-advisers lack legal standing to contest advisory opinion in arbitration dispute.
SEC Enforcement Division Director Margaret Ryan Resigns
Sam Waldon has returned to the role of acting director.
Texas Judge Vacates DOL Fiduciary Rule
The Department of Labor had already stopped defending the rule on investment advice in court.
Appeals Court Reverses DC Plan Class Certification
In a fiduciary breach case brought against Genworth's 401(k) plan, the Fourth Circuit ruled that ERISA claims tied to defined...
DOL Won’t Fight Final Motion for Final Judgement in Second Fiduciary Rule Case
After choosing not to defend the regulation in an earlier case, the Department of Labor has again declined to oppose...
DOL Pursues Final Ruling to Strike Down Fiduciary Rule
The Department of Labor had already ceased defending the investment advice rule and is now joining the plaintiffs in requesting...
Clarification on Investment Options for Trump Accounts on Hold Amid Calls for Diversification
Asset allocation rules remain uncertain as investment managers push for greater diversification.
Private Market Access Will Depend on Education and Transparency
At recent Securities and Exchange Commission roundtables, experts warned that without clearer disclosures on valuation, liquidity and fees, private assets...
Arizona Judge Does Not Dismiss ERISA TDF Lawsuit
Fiduciaries of the Discount Tire/America’s Tire Retirement Plan are accused to retaining a suite of target-date funds that lagged comparable...
IRS Issues Draft Regulations for Trump Accounts
The proposal details how the IRS would treat one-time $1,000 government contributions to accounts of U.S. children born between 2025...
Indiana Requires Crypto Investment Access for State DC Plans
The state has until 2027 to meet the requirements for public defined contribution plans.