Compliance

The complaint says plan fiduciaries didn't look into lower-priced share classes, investment vehicles or passively managed funds.

The complaint alleging abusive licensing practices was filed under seal in the U.S. District Court for the Eastern District of Pennsylvania and has only just been made public.

Retirement-focused financial advisers generally aren’t as informed about student loan debt as they are about health and wellness, but now may be the perfect time to change that....

Many large national employers in the United States have seen the actions of their retirement plan fiduciaries challenged in the federal courts, the latest being Liberty Mutual.

While the text of the CARES Act generated some uncertainty, the Treasury Department has confirmed that the PPP offers help with employer contributions to retirement plans and toward...

Athene will pay a $45 million penalty to New York state for New York insurance law violations related to its pension risk transfer business.

The first lawsuit filed against the firm could be forced into arbitration—an outcome this new class action complaint seeks to avoid.

Plan fiduciaries were accused of causing the plans to pay unreasonable and excessive fees for recordkeeping and investments.

Due dates for filings or actions that would otherwise have been due on or after April 1, and before July 15, have been extended to July 15.

The defendants allegedly failed to enforce an online security question routine, in turn allowing an unknown individual to steal hundreds of thousands of dollars from an Abbott Labs...

One silver lining in the economic fallout of the coronavirus pandemic in the United States is the opportunity to re-educate people about risk and the role of guarantees.

The case in one in a string of lawsuits in which plaintiffs argued the company’s 401(k) plan fees were not properly controlled and that conflicts of interest damaged...

The IRS may determine that a ‘partial termination’ of a plan has occurred if a company undergoes sizable layoffs—but not furloughs—potentially impacting vesting schedules and other aspects of...

Two new risk alerts published by the SEC provide broker/dealers and advisers with advance information about the expected scope and content of the initial examinations for compliance with...

While an appellate court ruled that Mercy Health's pension plan is a church plan exempt from ERISA requirements, a district court must determine whether ERISA's exemption violates the...

A settlement secured by Massachusetts financial market regulators from Janny Montgomery Scott underscores the importance of monitoring the share class recommendations being made to clients. 

Those few remaining advisers who have been reluctant to integrate digital communications as a core part of their client service strategies have little choice but to reconsider in...

With the coronavirus pandemic causing acute financial harm to so many Americans, plan sponsors may feel compelled to offer hardship withdrawal relief in their plans; plan advisers can...