Tag: Investment advice

Advisers responding to the recent fiduciary proposal have “distinct and divergent viewpoints about the rule.”

Comments delivered by FINRA leadership suggest the financial industry regulator is pumping the breaks on its controversial CARDS initiative.

Sixteen industry groups are asking the Department of Labor (DOL) to extend the comment period on the fiduciary proposal.

Making law is akin to making sausage, notes Bob Collie at Russell Investments: It’s a messy process with lots of ingredients, especially in the tax-qualified retirement plan arena.

The DOL’s proposed fiduciary rule is complex and wide-reaching, one experienced ERISA attorney tells PLANADVISER, so the financial industry needs more time to digest the potential implications.

Federal government rulemaking seldom moves quickly, and in the case of the DOL fiduciary rule, observers warn the final impact of the consumer protection regulation remains anyone’s guess.

With so much industry attention fixed on the DOL’s proposed fiduciary rule language, plan sponsor clients will undoubtedly be asking, “What does it mean for us and our...

The DOL’s release on Tuesday of the reworded fiduciary proposal was a critical event for the industry—so there was no shortage of either positive or negative commentary following...

By its nature as a fundamental mechanism of ERISA, the fiduciary standard applies to a myriad of highly specific circumstances playing out between retirement plan advisers and sponsors...

New rule language outlined by the Department of Labor will increase the number of advisers and brokers required to act as fiduciaries for investment clients.

As expected, financial services advocacy groups have plenty to say on the proposed fiduciary rule by the Department of Labor (DOL).

After years of waiting, the retirement plan industry will later today see a revised “consumer protection proposal” from the Department of Labor that some expect to redefine ERISA’s...

Significant retirement industry attention is fixed on the potential negative implications of a stronger fiduciary standard, but some advisers are actually looking forward to the new rulemaking.

In a letter to the Office of Management and Budget, GOP senators predict dire consequences for American workers if the "fiduciary rule" has not changed significantly from the...

A bipartisan group of U.S. House members penned an open letter to the Department of Labor that demands more detail be shared about the ongoing fiduciary redefinition effort.

A number of elected officials have emerged on the side of financial advisers in opposing the Department of Labor’s fiduciary redefinition effort—introducing ambitious legislation to block changes to...

The U.S. Supreme Court heard oral arguments Tuesday in a case considered by many to be the first example of excessive 401(k) fee litigation to reach the nation’s...

The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a strengthened fiduciary standard amid a flurry of industry...

Defined contribution retirement plan sponsors are subject to many risks, which ultimately put a company’s reputation at risk, experts at Sibson Consulting note.