No Sign of Slowdown in ERISA Suits with BB&T Complaint
BB&T Corporation finds itself in the crosshairs of an increasingly active law firm that has dived headlong into filing big-dollar complaints under ERISA.
Tag: ERISA
Participants File Self-Dealing ERISA Suit Targeting M&T Bank
Add a proposed class action lawsuit against M&T Bank Corporation to the sizable and quickly growing list of new ERISA actions filed so far in 2016.
J.P. Morgan Underscores Value of Re-Enrollment
The firm has issued a white paper in honor of the 10-year anniversary of the PPA.
Principal, Groom Law Explain New Fiduciary Rule
A new Q&A pinpoints changes in the final fiduciary regulation.
Will DOL’s Softer Fiduciary Rhetoric Pan Out?
Given how prone the Labor Secretary and other DOL officials are to cite severe negative impacts of conflicted retirement advice on average Americans, some advisers are surprised (and...
DOL Accuses Firm of Prohibited Retirement Plan Loans
The suit alleges a law firm president and owner caused the company’s retirement plan to loan thousands of dollars to real estate deals he controlled.
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...
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...
DOL Asks for Reversal of Dismissal of Fidelity Float Income Suit
In an amicus curiae brief, the agency details why it disagrees with a district court's findings.
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.
BP Deepwater Stock Drop Suit Gets DOL and SEC Consideration
The complicated litigation Whitley v. BP PLC is just the latest stock drop case to be impacted by the big-ticket Supreme Court decision in Dudenhoeffer v. Fifth Third...
Breaking Into the Tribal Retirement Plan Market
When working with tribal nations, building a solid relationship is the first and most important step.
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.
Examining the Fiduciary Rule Proposal’s Education Carve-Out
Among the many provisions and definitions in the forthcoming DOL fiduciary rule will likely be an “education carve-out,” considered to be one of the most high-stakes elements of...
Beneficiary Designation Case Turns on Plan Documents
A federal district court has ruled for a second time on litigation arising from a dispute over verbal and written beneficiary designations.