Latest News

Compliance

March 14, 2017

Retirement Industry Weighs In On Trump's Fiduciary Rule Delay

In comment letters to the DOL, investment firms, retirement plan service providers and trade groups voice support for the decision to delay the implementation of the new fiduciary rule until the Trump-appointed leadership completes its economic and legal analysis.

March 14, 2017

Allergan Stock Drop Challenge Blames Fiduciaries For Losses

For claims alleging a fiduciary breach based on non-public information, the high court has held that plaintiffs must plausibly allege an alternative action fiduciaries could have taken and would not have viewed as more harmful to the plan than helpful.

March 10, 2017

TIAA Wins Dismissal of Prohibited Transaction Challenge

An ERISA lawsuit filed against TIAA by employees of the University of Chicago and Nova Southeastern University has been dismissed by a federal judge, who ruled TIAA should not be considered a fiduciary to the plans. 

March 09, 2017

JP Morgan 401(k) Target of Third ERISA Challenge

All three lawsuits filed in New York district court argue the company improperly favored its own investment options within the retirement plan offered to workers; the firm flatly denies the underlying allegations. 

March 08, 2017

Analysis Links State-Run IRAs With Medicaid Savings

A coalition of advisers and providers is making the case on Capitol Hill that dialing back DOL guidance supporting state-run retirement savings programs for private sector workers is ill advised.