Tag: Rules & Regs
EBSA Announces Fiduciary Seminar in Indianapolis
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is taking its “Getting It Right – Know Your Fiduciary Responsibilities” seminar to Indianapolis.
SEC Adopts Pay to Play Curbs
The Securities and Exchange Commission (SEC) has approved new rules regulating pay to play practices by investment advisers at public pension plans and other government investment accounts.
Legislation Pending to Permit 401(k) Rollovers to Roths
A new Senate proposal would allow certain employees to roll over amounts from their (401)k retirement plans to a Roth savings account.
High Court Revives Janus Market-Timing Suit
The U.S. Supreme Court on Monday agreed to review a lower court ruling that revived a securities class-action lawsuit against Janus Capital Group Inc, Dow Jones reports.
NM Fund Ponders Aldus Lawsuit
The New Mexico Educational Retirement Board has hired two law firms to represent the teachers’ pension fund in a planned lawsuit against a Dallas money management firm.
Obama Signs Pension Relief
President Obama has signed into law legislation providing pension funding relief for multi-employer and single employer defined benefit plans.
360 Sponsors at least Partly Done on IRS 401(k) Survey
Some 360 of the 1,200 plan sponsor receiving the 401(k) Compliance Check Questionnaire had at least partially completed the document by mid-June, the Internal Revenue Service (IRS) announced.
Court Approves $7.8M Settlement with AA Capital Partners
June 22, 2010 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Illinois has approved a global settlement agreement providing for recovery of an additional $7.8...
IRS Provides Relief to Storm-Affected Employers
The Internal Revenue Service is providing administrative relief for sponsors of defined contribution plans that were affected by the storms and other severe weather in several states.
Schwab Offers Help with Cost Basis Reporting Changes
As part of a rollout of tools and resources to help advisers transition to new cost basis reporting requirements, Charles Schwab announced a new report to help advisers...
NY Insurance Brokers File Suit to Stop Compensation Transparency Regulation
A coalition of New York brokers recently filed legal action to prevent the New York Insurance Department from implementing a regulation requiring insurance producers to disclose compensation from...
MetLife Settles Charges of Improper Payments to Insurance Broker
The Metropolitan Life Insurance Company (MetLife) will pay $13.5 million to the federal government to settle charges it made improper payments to a San Diego-based insurance broker.
Court Rejects Financial Planner’s Suit against AIG
A California court set aside a suit by a financial planner alleging that American International Group Inc’s risky business harmed her clients, Dow Jones reported.
No Raise for Social Security Recipients in 2010
The Social Security Administration announced there will be no cost-of-living adjustment (COLA) in 2010 for monthly social security and supplemental security income (SSI) benefits.