PTE 2020-02 and Compensation-Related Conflicts
PTE 2020-02 does not explicitly ban any adviser practices, but does require reasonable conflict mitigation policies regarding compensation.
Tag: EBSA
What the Fiduciary Rule Means for Investment Menu Advisement
Advisers may have to revisit their menu designs for small businesses, but compliance with this part of the rule is...
Fiduciary Rule Lawsuit Leans on Prior Court Rebuttal
An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down...
GAO Recommends DOL Update TDF Guidance
GAO reports concerns about a lack of understanding of TDF glidepaths and the growth of CIT TDFs.
Unsolicited and Implied Rollovers Under the New Fiduciary Rule
Experts parse how a retirement participant’s path to making a rollover will be viewed under the final Retirement Security Rule.
Advisers Compliant with Reg BI are Compliant with Fiduciary Rule, EBSA Says
Ali Khawar added that insurance agents should be knowledgeable of the assets a client is giving up to buy an...
DOL Issues Final Retirement Security Rule
The much-anticipated fiduciary rule brings retirement plan advisement, one-time rollovers and annuity recommendations under ERISA.
Su Defends DOL Budget Request at House Hearing
The pending retirement security proposal was not a focus, and only one Congressman asked about it.
OMB Finishes Retirement Security Proposal Review, Final Rule Incoming
A final rule on what is also known as the fiduciary proposal is expected in the next few days.
DOL At Work on Finalizing Definition of Retirement Investment Advice
EBSA head Gomez tells NAPA 401(k) Summit audience that the DOL is working on sharper definitions of what constitutes retirement...
DOL Extends Time for SECURE 2.0 Reporting, Disclosure Comments
The DOL’s EBSA will take public comments for an additional 30 days.
DOL Creates More Ways for QPAMs to Be Disqualified
The rule adds kinds of misconduct that could result in disqualification and requires managers to also indemnify their clients if...
Chamber of Commerce, ERIC Ask DOL for Modifications to Auto-Portability Proposal
Lobby groups asked the Department of Labor to remove the requirement that plans must appoint an official to monitor portability...
DOL Defends ESG Rule Against 5th Circuit Appeal
The challenge to the DOL’s ESG rule continues at the appellate level.
Final Fiduciary Rule Goes to OIRA for Review
The controversial rule will likely be published later this spring, with changes anticipated.
New Voluntary Correction Rules Could Be Finalized Soon
In ‘the next few months,’ fiduciaries may be allowed to self-correct certain administrative errors.
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.
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.
Retirement Security Proposal Addresses ‘Significant Gaps,’ EBSA Official Says
PLANADVISER interviewed Tim Hauser of EBSA on the retirement security proposal.
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...