Compliance March 11th, 2024 Final Fiduciary Rule Goes to OIRA for Review The controversial rule will likely be published later this spring, with changes anticipated.
Compliance March 5th, 2024 5 New Members Appointed to ERISA Advisory Council The 15-member panel comes from the retirement and investment industry and advises the Department of Labor on ERISA-related issues.
Compliance February 27th, 2024 New Voluntary Correction Rules Could Be Finalized Soon In ‘the next few months,’ fiduciaries may be allowed to self-correct certain administrative errors.
Compliance February 27th, 2024 Julie Su Faces 2nd Nomination Process to Head DOL After her April 2023 nomination expired at the end of the year, President Joe Biden re-nominated the former California secretary...
Columnists February 20th, 2024 The Expansive Reach of the DOL’s Proposed Fiduciary Rule ERISA experts Fred Reish and Joan Neri answer a question and provide detail on the department's proposed retirement security rule.
Compliance February 16th, 2024 TIAA Subsidiary Settles With SEC for $2.2M on IRA Recommendation Charge TIAA-CREF Individual and Institutional Services settled charges of failing to comply with Regulation Best Interest.
Compliance February 13th, 2024 EBSA Recovered $1.4B in Retirement, Health Benefits in ’23 Head Lisa Gomez points to education and outreach growth as important outcomes, along with recovered funds and relief.
Compliance January 23rd, 2024 DOL Aims to Streamline PTE Application Process With New Rule The changes are intended to reduce the amount of time needed to finalize prohibited transaction exemptions for plan fiduciaries.
In Practice January 23rd, 2024 Nuts and Bolts: QDIAs What new advisers need to know about qualified default investment alternatives in retirement plans.
Compliance January 22nd, 2024 Detailing the DOL’s Auto-Portability Proposal Its goal is to help missing participants consolidate their retirement assets in a tax-advantaged workplace plan.
Compliance January 19th, 2024 Regulators Seek Comment on ERISA Disclosure Requirements The IRS, PBGC and EBSA are accepting suggestions on how to simplify disclosures to benefit fiduciaries and participants.
Compliance January 19th, 2024 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...
Compliance January 18th, 2024 DOL Brings Clarity to Newly Available Emergency Savings Accounts The FAQ guidance builds on earlier IRS directives, with a focus on investments and fee structures.
Compliance January 12th, 2024 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...
View Points January 12th, 2024 A System to Protect Workers’ Retirement Assets Already Exists The co-founder and head of advisory Francis LLC responds to pushback on the DOL’s fiduciary rule proposals by calling for...
Compliance January 10th, 2024 Bitcoin and Brokerage Windows: A Risk for Fiduciaries? The DOL has not yet commented on cryptocurrency investments in the wake of the SEC’s approval of bitcoin exchange-traded products.
Compliance January 10th, 2024 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.
Compliance January 9th, 2024 Biden Re-Nominates Julie Su as Secretary of Labor Although the nomination made it out of committee in March 2023, it has not been brought to a vote of...
Compliance January 9th, 2024 401(k) Litigation Continues At ‘Fever Pitch’ Euclid Fiduciary’s litigation summary shows a dip in lawsuits in 2023, but signs of an uptick this year.
Compliance January 8th, 2024 50 House Reps Push Back On DOL Fiduciary Proposal Bipartisan group urges DOL to ‘withdraw and cease efforts’ to move ahead with retirement security rule targeting annuities and one-time...