SIFMA Comments Support Commission Accounts
Eight comment letters to the DOL address SIFMA’s concerns about the fiduciary redefinition, including what it sees as an unfair position on commission-based accounts.
Tag: Department of Labor (DOL)
Complex Financial Products at Risk in Fiduciary Rulemaking
Fitch Ratings warns the proposed fiduciary rule language from the DOL would substantially impact current adviser and investment fund provider business models.
SCOTUS Won't Hear Reverse Stock Drop Case
The reverse stock drop case Tatum v. RJR Pension Committee has been turned down by the Supreme Court.
Fiduciary Rule Grilled on Capitol Hill
Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s fiduciary redefinition effort.
House Committee Moves to Defund Fiduciary Rule Effort
In a section called “Reducing Harmful Red Tape,” the committee proposes a “provision prohibiting regulatory changes to the definition of the term ‘Fiduciary.’”
DOL Announces Hearing About Fiduciary Rule
The announcement also includes the official notice of an extended comment period.
Court Orders Trial to Determine Plan's Top Hat Status
Unresolved issues remain around the selectivity requirement for top hat plans.
DOL Sues Firm Over Company Stock Purchases
The Labor Department filed suit against a California-based manufacturer to recover millions of dollars for ESOP plan participants.
Adviser Opportunity in Educating the Plan Committee
Once a plan committee is established, the adviser is a vital part of keeping members up to date.
Electronic Disclosure Rules Are So Last Century, SPARK Says
Overly restrictive rules make it difficult for plan sponsors and service providers to distribute plan information electronically, a paper says.
AB Rolls Out Multi-Manager Target-Date Series
The AB Multi-Manager Select Retirement Funds, a new target-date series from AllianceBernstein, is co-managed with Morningstar Associates.
PSNC 2015: The Regulatory Environment
Lifetime income, service provider process changes and privacy of retirement plan information are just a few things for which plan sponsors need to prepare.
Plans Subject to Many Types of Errors
But working with an adviser, auditor, provider and ERISA attorney, sponsors can avoid them.
Fiduciaries Removed for Misusing Retirement Plan Funds
The Department of Labor filed suit against fiduciaries of a medical corporation’s pension plan for using plan assets for personal expenses, citing multiple violation of the Employee Retirement...
DOL Wants More Control over Plan Audits
A new report from the Department of Labor suggests the quality of benefit plan audits performed by certified public accountants is lagging, with major deficiencies found in four...
DOL Extends Fiduciary Comment Period
The comment period for the fiduciary proposal is being stretched out for another 15 days, the Department of Labor (DOL) said in a statement.
Church Plan Case Reaches Settlement
A federal district court judge has preliminarily approved a settlement in one of the cases challenging a retirement plan’s church plan status.
GOP Senators Demand More Time for Fiduciary Feedback
A group of Republican senators led by Lamar Alexander urged the Department of Labor to give the public more time to weigh in on the fiduciary proposal.