Sen Warren Finds Annuity ‘Perks and Kickbacks’ Rampant
Senator Elizabeth Warren has already made a name for herself as a harsh opponent of Wall Street, but a report issued today on collusion between the annuity and...
Tag: ERISA
New PBGC Director Discusses Initiatives
The agency is looking for ways to simplify DB plan calculations.
DOL Explains Current Focus
Phyllis Borzi revealed some of the thoughts behind certain DOL initiatives, and asked for help from the industry.
Is Retirement Industry's Focus on Costs Too Much?
“Cost is not dispositive of prudence,” says Eugene Maloney with Federated Investors.
Perez Speech Hints at DOL Fiduciary Flexibility
Speaking at a Brookings Institution public meeting, U.S. Secretary of Labor Thomas Perez said he is “confident we will be making changes to improve and clarify our proposal.”
A New Player in the Retirement Industry
Thinking the retirement industry has failed to deliver on its goals, state governments are trying to get into the retirement business.
Compliance Consult
Advising Wealthy Individuals
Advisers’ responsibilities under ERISA and state law
Company Stock Decision Requires Two Hats
Including company stock as an investment plan option comes with pros and cons.
Company Stock Continues to Present Client Challenges
Retaining the stock may be best despite litigation risk—and advisers can show the plan sponsor how to do company stock in DC plans the right way.
Foot Locker Ordered to Reform Cash Balance Plan
A court found purposeful miscommunications led participant to expect a different benefit than they were accruing.
Participants Sue Allianz Retirement Plan Fiduciaries
A lawsuit filed by two participants in an Allianz retirement plan claims the company and its asset management partners, including PIMCO, misused employees’ 401(k) plan assets for their...
Lawmakers Want a Review of Fiduciary Rule Changes
In a letter to the DOL, members of Congress ask that changes made to the proposed fiduciary rule be submitted for review to the public before sending to...
Credit Suisse Can Continue Managing Retirement Plan Assets
The bank, which pled guilty to criminal charges last year, applied for an exemption that would enable it to keep its status as a qualified professional asset manager.
PANC 2015: Participant Advice
Under the proposed DOL fiduciary definition, the types of information given to participants are restricted or permitted and the adviser’s compensation model will also be affected. Yet advisers...
House Committee Vote Snubs DOL Fiduciary Proposal
The Republican-controlled House Financial Services Committee approved H.R. 1090, the “Retail Investor Protection Act,” for potential consideration by the floor.
GAO Calls for ERISA Amendment
To expand private-sector coverage, a new report from the GAO calls for Congress to amend the ERISA pre-emption provision.