Tag: Fiduciary

The Securities and Exchange Commission (SEC) released twin recommendations advising Congress to align adviser and broker/dealer fiduciary standards and exact “user fees” from SEC-registered advisers.

More than nine in 10 financial advisers continue to oppose a pending Department of Labor (DOL) rule change expected to broaden the definition of “fiduciary.”

The two firms are collaborating to provide retirement plan sponsors and advisers with third-party administrator (TPA) services.

Bank of America is moving its $19 billion defined contribution (DC) plan, currently with Fidelity, to the Merrill Lynch platform.

Frozen pension plans are substantially different from open plans and need to be managed accordingly to prevent litigation and ensure positive outcomes for plan participants.

Since its introduction nearly 30 years ago, the 401(k) has evolved from a perk for high-paid executives to an essential benefit to finance the retirement of the middle...

Updates to the Department of Labor’s (DOL) fiduciary definition could hinder financial advisers’ efforts to target retirement plan clients for individual retirement account (IRA) rollovers.

Allianz Global Investors offers its web-based Target-Date Tool Set for retirement plan advisers.

The industry-wide focus on improving fee transparency and reasonability has not significantly reduced litigation risks for financial advisers and others acting as retirement plan fiduciaries, according to Dan...

Matrix Financial Solutions, a Broadridge company, released a practice guide to help advisers understand proposed changes to ERISA fiduciary rules.

Fiduciaries of defined contribution (DC) retirement plans are becoming increasingly challenged to carve out time for their responsibilities and are looking at outsourcing some of them, according to...

Word that the Department of Labor (DOL) is stepping up its enforcement is being backed up by the number of actions being announced.

Traditionally, benefit plan committees oversaw administration, investments—everything to do with sponsoring and administering an employer-sponsored plan.

The type of adviser you are—fiduciary or nonfiduciary—dictates your business model, said Brad Campbell, counsel in Drinker Biddle & Reath’s Washington, D.C., office and speaker at the PLANADVISER...

A new survey from AARP confirmed that most plan participants do not want plan-related advice in the best interest of the professional who advises them.

Pentegra Retirement Services is offering The Pentegra Fiduciary Promise.

The U.S. Department of Labor (DOL) has obtained a default judgment to restore employee contributions to the retirement plan of a Pennsylvania nonprofit organization.

The U.S. Department of Labor (DOL) has alleged that DTK Computer Inc. failed to take control of its retirement plan’s assets.

The U.S. Department of Labor (DOL) has filed a lawsuit against a California bank, alleging that nearly $1.4 million in employee stock ownership assets were mismanaged.