DOL Reverts to 5-Part Fiduciary Status Test
The Department of Labor is not conducting a comment period, nor offering a formal notice, regarding the rule.
Tag: DOL fiduciary rule
Texas Judge Vacates DOL Fiduciary Rule
The Department of Labor had already stopped defending the rule on investment advice in court.
DOL Won’t Fight Final Motion for Final Judgement in Second Fiduciary Rule Case
After choosing not to defend the regulation in an earlier case, the Department of Labor has again declined to oppose...
DOL Pursues Final Ruling to Strike Down Fiduciary Rule
The Department of Labor had already ceased defending the investment advice rule and is now joining the plaintiffs in requesting...
DOL Agenda Commits to Replacing ESG, Fiduciary Rules
The U.S. Department of Labor released 150 regulatory proposals, including reversals of Biden-era Environmental, Social and Governance rules and the...
DOL Wants to Pause Fiduciary Rule Case Through October
The Department of Labor asked for an extension through October to consider its options in a federal case challenging the...
District Court Sides With Challenges to DOL’s Fiduciary Standards
A judge struck down parts of Prohibited Transaction Exemption 2020-02 that allowed the Department of Labor to treat certain relationships...
DOL Files to Pause Appeal of Fiduciary Rule
Under the previous administration, the Department of Labor had filed notices of appeal in the fall of 2024 in two...
Final Fiduciary Rule Goes to OIRA for Review
The controversial rule will likely be published later this spring, with changes anticipated.
Smaller Accounts, Insurance Product Impact Debated at Hearing on Fiduciary Proposal
Witnesses called to testify at a House hearing disputed whether small balances would still be served under the retirement security...
Oxford Survey Finds DOL May Have Underestimated Compliance Cost of Fiduciary Proposal
New rollover disclosure needs would contribute to a majority of the cost, according to the survey commissioned by financial industry...
ASA Calls on Congress to Name DOL Employees Involved With Fiduciary Proposal
The American Securities Association asked Congress in a letter to identify DOL staff involved in the fiduciary proposal and to...
1st House Hearing on Fiduciary Proposal Falls Along Partisan Lines
Congress weighs in on the controversial proposal for the first time, with Republicans often against and many Democrats in support.
Older Workers Often Skeptical of Professional Retirement Advice, AARP Finds
Among those older than 50, 41% of people prefer to handle retirement planning in-house, and almost all agree advisers should...
Fiduciary Proposal Comment Period Ends With More Mixed Feedback
The IAA and Morningstar offered conditional support to the Department of Labor’s proposal and the ACLI called for a full...
American Securities Association Says DOL Acting Secretary Cannot Finalize Fiduciary Proposal
The trade organization challenged the DOL’s proposal on several grounds, including that an acting cabinet secretary cannot finalize a rule.
DOL’s Fiduciary Rule Faces Uncertain Future
Although regulators are motivated to finalize the rule, it will likely face litigation, according to Capital Group’s senior counsel.
Biden Expected to Sign Continuing Resolution
The resolution would prevent a government shutdown and keep the DOL funded through February 2.
Total Annuity Sales Jump 11%, Poised to Break Annual Record
Retail annuity sales hit $89.4 billion in Q3, while deferred income annuity sales reached $950 million, according to LIMRA.
DOL Fiduciary Proposal Expected by End of October
The proposal is expected to redefine fiduciary in the context of retirement investment advice.