Tag: DoL
Final Fiduciary Rule Still Favors Level-Fee Work
Even with some significant softening by the Department of Labor and a more workable ‘best interest contract’ exemption, the new fiduciary rule is sure to drive more level-fee...
Fiduciary Rule Shows Washington Compromise Can Still Happen
More than a few industry insiders and analysts have tipped their hats to DOL and Labor Secretary Perez for listening carefully to criticism and reshaping some of the...
Early Fiduciary Rule Interpretation from ERISA Experts
ERISA experts warn that it will take some time to judge the final fiduciary rule published by the DOL, given the serious length and complexity of the rulemaking...
Most Reacting Positively to Fiduciary Rule
However, a few industry groups are still expressing concerns.
First Round of Industry Response to Final Fiduciary Rule
Some of the biggest financial services firms and advocacy groups have registered their initial impressions of the Department of Labor’s final fiduciary rule, including FSI, TIAA, FPC and...
Sec. Perez and Department of Labor Unveil Final Fiduciary Rule
Labor Secretary Thomas Perez stressed to reporters that changes made to the proposed version of the regulations will make the final fiduciary standard broader and stronger, “but absolutely...
Advisers Remain Focused on Market Volatility for Q2
Market volatility poses a real challenge for advisers working to keep clients focused on longer-term goals.
State-Run Plans Will Struggle Without Aggressive Plan Design
TIAA government markets executive urges lawmakers and DOL to heed the financial services industry’s hard-earned lessons when implementing any state-run plans for private-sector workers.
Financial Engines: Americans Strongly Back Fiduciary Reform
A strong majority of investors surveyed by Financial Engines believes advisers should be legally required to provide “non-conflicted advice” in retirement planning contexts.
ICI Questions Analysis Behind California Secure Choice Plan
Supporters say the California Secure Choice Retirement Savings Program will provide a voluntary, low-risk, auto-enrollment retirement savings plan for many uncovered workers in the state.
DOL Secures Fiduciary to Distribute Nearly $1M to Participants
A now-defunct company failed to take the appropriate steps to terminate its 401(k) plan.
Fiduciary Insights from Fidelity Policy Development Leader
As former tax counsel for the U.S. Senate Finance Committee, Fidelity Investments’ Doug Fisher has watched major legislation and regulation unfold from both inside and outside government.
White Paper Gives Firms a Checklist Ahead of DOL Rule Change
A white paper outlines the rule changes, what it could mean for practice management and ways to avoid the excessive time and cost to comply.
Fiduciary Ordered to Restore Misused Assets to Retirement Plan
Even after a previous compliant filed by the DOL, a fiduciary to the Applied Technology Systems Retirement Plan transferred plan assets to a company account.
Advisers Flinch at Oncoming Fiduciary Rule
About three-quarters of advisers in a Fidelity survey are anxious the DOL fiduciary advice rule will affect how they do business.
What ERISA Attorneys Will Look for in Final Fiduciary Rule
Trusted ERISA attorneys Fred Reish and Brad Campbell, of Drinker Biddle and Reath, cut through some of the “mishmash of conflicting rumor and speculation” surrounding the forthcoming final...
More Fiduciary Rule Opinions
We’ve rounded up some of the reports and opinions—pro and con—about the fiduciary rule as it nears final approval.