A decision out of a federal district court in Minnesota represents something of a mixed bag for both the plaintiff, Thrivent Financial for Lutherans, and for Department of Labor defendants.
Two executives focused on institutional retirement business at Merrill Lynch sit down for a fiduciary chat, offering inside views of one major advisory firm’s approach to navigating regulatory uncertainty.
Defendants wanted their agreement to extend negotiations beyond ERISA's six-year statute of limitations to be nulled.
The consolidated litigation alleges the firm invested its stable value funds in risky assets, causing losses to retirement plan participants.
The lawsuit concerns the offering of investment options management by General Electric Asset Management.
The original complaint accuses the plan and its administrative and investment committees of self-dealing, causing excessive fees to be charged by service providers and mismanaging the plan’s emerging markets equity fund.
The final version of a proposed rule that will extend by 18 months the transition period for the implementation of the DOL fiduciary rule is now being reviewed by the Office of Management and Budget.
Leadership at both the DOL and SEC have signaled a willingness to work together to find complementary approaches to managing advisers’ conflicts of interest—but it will be a heavy lift to accomplish a uniform standard.
A judge disagreed with Ford Motor Company retirement plan participants that Xerox is a fiduciary because it had discretion over the amount of compensation it received from Financial Engines.
Panelists at the 2017 PLANADVISER National Conference discuss the state of litigation in the retirement plan industry and lessons learned by decisions.
Interpreting and applying a series of detailed recommendations from a magistrate judge, the district court will allow some parts of the litigation against MIT’s retirement plan fiduciaries to proceed.
Wagner Law Group attorney underscores: The fiduciary rule is in effect.
The Phillips 66 retirement plan committee has been sued for allowing ConocoPhillips stock funds to be included in the plan's investment lineup.
The Eight Circuit Court of Appeals has backed the decision of a lower court to summarily dismiss a lawsuit filed by participants in an over-funded defined benefit plan run by U.S. Bank.
The definition of the “fiduciary duty” has dominated headlines and discussions for years in the retirement plan industry—and for good reason—but among plan sponsors, the topic remains poorly understood.
If appointed, the current member of the Senate Finance Committee could have a major impact on any changes made to the fiduciary rule.
Under the evolving fiduciary landscape, how can an adviser protect the business while offering effective advice to clients?
The legislation seeks to move fiduciary rulemaking power away from the DOL.
The case is among a number filed that challenge the “church plan” status of a health care entity’s retirement plan.
In a world of heightened fiduciary scrutiny, plan sponsors need to pay close attention to the language of fiduciary insurance policies.