Measured Use of 12b-1 Fees Will Continue
Advisers will certainly have heard questions from clients about the use of 12b-1 fees moving forward under the new DOL fiduciary rule; what are the experts saying?
Tag: ERISA
Sister Broker/Dealers Launch DOL Compliance Program
In light of the DOL fiduciary rule, the two firms plan to roll out a series of new compliance tools and initiatives including a Product Mix Transition Calculator...
Informational Copies of 2016 Form 5500 Released
The “Changes to Note” section of the 2016 instructions highlight important modifications to the Form 5500 and Form 5500-SF and their schedules and instructions.
Technology-Committed Firms See a Lot to Like in DOL Fiduciary FAQ
Attorneys and executives working for robo advice technology providers suggest the DOL fiduciary rule—as enumerated by the new FAQ publication—paves the way for their approach to succeed.
DOL Issues More Hurricane Matthew Relief for Plan Sponsors
In addition to relief for hardships and loans provided by the IRS, the DOL is relaxing rules about contribution and loan repayment submissions and blackout notices.
Fiduciary Rule Could Curtail Providers’ Communications With Participants
Broadridge looks at the new fiduciary rule’s “far-reaching implications for the retirement plan participant experience” and how to avoid pitfalls.
Detailed Fiduciary Rule FAQ Published By DOL
Acknowledging that “smart regulation is only as effective as its implementation,” the DOL has issued extensive guidance for advisers and providers seeking to comply with the new conflict...
Settlement Reached for Providence Health Church Plan Challenge
The health system agreed to pay more than $350 million to settle a lawsuit challenging its pension plan's church plan status under ERISA.
SEI and Redtail Collaborate on DOL Fiduciary Compliance Solution
A new toolkit is designed to help advisers comply with the DOL’s fiduciary rule through a number of tasks such as switching from fee- to commissioned-based investments.
Third Wells Fargo ERISA Stock Drop Complaint Filed
Wells Fargo faces a third ERISA stock drop lawsuit in the U. S. District Court for the District of Minnesota.
Commonwealth Won’t Offer Commission-Based Products for DC Plan Clients
The announcement impacts both IRAs and qualified plans.
Going Live With Fiduciary Changes Takes Time
The DOL’s conflict of interest reform is expected by providers to have the biggest impact on financial services since ERISA was enacted in 1974, according to research from...
Putting Up Fiduciary Guardrails Can’t Wait
“The history of the ERISA industry has shown that any time there’s real change there is also real opportunity that comes along with it.”
RiXtrema Launches IRAFiduciaryOptimizer Software
A new software solution from RiXtrema addresses DOL fiduciary rule compliance for advisers finding themselves on a new regulatory playing field when it comes to rollover recommendations.
fi360 Launches Fiduciary Focus Toolkit
New software from fi360 provides broker/dealers and advisers with advanced fiduciary oversight capabilities.
AssetMark Launches Fiduciary Assessment Tool
The firm says its latest assessment tool is part of a larger readiness campaign to prepare advisers for a new fiduciary paradigm.
Deutsche Bank ERISA Self-Dealing Challenge Proceeds
A federal judge rejected defendants’ argument that the lawsuit, filed in December 2015, was time-barred by ERIA’s various statutes of limitation.
Second Wells Fargo Stock Drop Complaint Filed
Another participant in a Wells Fargo retirement plan is accusing the bank of breaching its fiduciary duty in the management of company stock offered as a retirement plan...
Participants Move Quickly With Wells Fargo Stock Drop Suit
The bank’s recent troubles over illegal sales practices have led retirement plan participants to file an ERISA stock drop suit, claiming plan fiduciaries continued to offer Wells stock...
Court Dismisses Several Executives from SunTrust ERISA Litigation
The court found one executive in particular was not a fiduciary to SunTrust's DC plan.