| Putnam Wins Suit Over Proprietary Funds in 401(k) |
| Putnam was found not to have breached its duty of loyalty to its 401(k) plan participants, and the court found the plaintiffs did not prove a loss suffered from a specific breach of fiduciary duties.
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| ERISA Vista: 401(k) Rollovers to IRAs |
| The provision in the DOL fiduciary rule that says distribution and rollover recommendations are fiduciary advice was not changed; it was only delayed from April 10 to June 9. Therefore, any rollover recommendation on or after June 9 will be deemed fiduciary advice and will require a prudent process and an exemption from the prohibited transaction rules.
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| Window Opens to Comment on CFP Conduct Standards |
| CFP Board released a draft of proposed revisions to its Standards of Professional Conduct for a 60-day public comment period, running through August 21, 2017.
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| EBSA Secures Judgement Following Criminal Prosecution |
| The Department of Labor’s Employee Benefits Security Administration has secured a judgement and consent order against Andrea Lynn McCarthy and Lisa Hall, and the Truss Systems LLC Profit Sharing Plan, for violations of the Employee Retirement Income Security Act.
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