Tag: Department of Labor (DOL)

The states’ embrace of the NAIC annuity transaction suitability framework comes as experts are raising broader questions about the durability of the SEC’s Regulation Best Interest, on which...

Sources say there is a good chance Boston Mayor Marty Walsh will be confirmed by the full U.S. Senate Monday afternoon, but they are less sure about the...

The Government Accountability Office calls for more guidance on cybersecurity matters and lists recommendations for the DOL to implement. 

The department says it will not pursue enforcement actions against any plan fiduciary for failure to comply, and it plans to release further guidance on the issues.

The prescheduled phase-out of the coronavirus disaster declaration had created a ‘compliance conundrum,’ which the DOL has now addressed by issuing additional guidance.

The ongoing implementation of Regulation Best Interest gets top billing in the SEC’s recently published 2021 examination priorities list, though...

In the coming days, the agency will publish related guidance for retirement investors, employee benefit plans and investment advice providers.

A court filing cites the change in administration as the reason for backing out of the suit.

The labor secretary nominee spoke proudly of his labor roots and his ties to Boston, while responding to varied questions...

Sources say Marty Walsh’s long-term ties to organized labor will likely be a main topic of discussion at the forthcoming confirmation hearings, but pension issues and retirement security...

Plan fiduciaries will have to decide which suggestions fit their situations, and there are a few questions left unanswered, sources...

TIAA says a variable annuity and mutual funds that take an ESG approach are widely used on its retirement plan platforms.

The guidance includes best practices for locating missing participants in addition to best practices for documenting efforts to do so.

The second-term mayor of Boston is known for fighting for a higher minimum wage and for being a long-term union member who is outspoken about the role of...

Everyone is initially eligible for the DOL’s new prohibited transaction exemption, though the regulator reserves the right to suspend eligibility for up to 10 years after certain violations.

This makes its new prohibited transaction exemption all the more important, according to attorneys with Groom Law Group.  

The final rule confirms the reinstatement of the traditional five-part test for determining fiduciary status, though it does not definitively state that advice regarding IRA rollovers necessarily triggers...