Inspector General Report Calls for Greater EBSA Authority
The report argues that EBSA should have more authority over the Federal Thrift Plan and resources to conduct audits.
Tag: Department of Labor (DOL)
Shareholder Rights, ESG Rules Begin Friday
The new rule will permit the use of ESG considerations in exercising of shareholder rights.
Biden Expected to Sign Continuing Resolution
The resolution would prevent a government shutdown and keep the DOL funded through February 2.
EBSA Denies Comment Period Extension for Fiduciary Proposal
The regulator pushed back on industry requests to extend comment time for the controversial proposal; the period will still end...
House Republicans Propose Budget Bill That Would Repeal DOL Rules
Budget proposal for the DOL would prevent the regulator from implementing its ESG rule, independent contractor status and proposals on...
Advisers Selling Product, Not Process, in Fiduciary Rule Crosshairs
Experts discuss the ripple effect of the Department of Labor’s proposed fiduciary rule amendments.
DOL Publishes New Adviser Fiduciary Rule for Public Comment
The proposal would make one-time advice for rollovers subject to ERISA.
DOL Proposal Reactions Range From ‘Important Step’ to ‘Out of Touch’
Industry groups in the financial sector pushed back against the proposed amendments to fiduciary standards, while some championed it as...
DOL Proposal Would Subject Rollovers, Annuity Sales to ERISA
The proposal seeks to tackle conflicts of interest in both areas, as well as advice given to plans on investment...
State AGs Appeal Dismissal of Suit Challenging DOL’s ESG Rule
The Department of Labor’s defense continues on two tracks, one in Wisconsin, and 2another in the 5th Circuit.
New Speaker Mike Johnson Remains an Enigma to Retirement Industry
Having served on unrelated committees, Johnson’s legislative record on retirement issues is rather thin.
OMB Begins Holding Stakeholder Meetings for New Fiduciary Rule
The proposal will likely address compensation structures and IRA rollovers, though no draft is available yet.
DOL Approves Citi Diverse Asset Program for 401(k)s
According to the regulator, Citi will not violate ERISA fiduciary duties by paying plan fees of diverse asset managers.
Will ESOPs Finally Get Regulatory Clarity?
SECURE 2.0 requires DOL to create rules for ESOP valuation.
Temporary Budget Agreement Keeps 2024 Inflation Adjustments on Track
The Social Security COLA and IRS Contribution Limits will continue on schedule after a near miss on government shutdown.
What Advisers Should Know About Cybersecurity Insurance
Experts provide insight into an insurance market predicted to grow from $6 billion to $33 billion in coming years.
Ascensus Hits $1B AUA in PEPs, Showing Continued Adoption
The firm cites almost 650 employers in their pooled employer plans; meanwhile, Ameritas is launching a 403(b)-specific offering.
Judge Upholds DOL ESG Rule
A Texas judge, appointed during the Trump administration, ruled that the DOL does not violate ERISA by permitting ESG in...
Hub Launches 401(k) PEP for Small, Midsize Plan Sponsors
Retirement plan advisers in Hub’s national network will be offering the pooled employer plan with an eye toward reducing plan...
American Airlines Asks Judge to Toss 401(k) ESG Complaint
The airline's motion maintains that former pilot has no standing in ESG investing lawsuit, including an amended complaint that sought...