Why Chevron Reversal May Make Retirement’s ‘Most Cautious’ Players More Risk-Averse
ERISA experts also suggest that longer-term court rulings could lessen regulatory flip-flopping.
Compliance
House Committee Advances Bill to Vacate Retirement Security Rule
The vote passed the House Education and Workforce Committee, but no vote has yet been scheduled for the full House.
Swing Pricing, Predictive Analytics, Safeguarding SEC Proposals to be Re-Proposed
The SEC aims to try again with its rules on predictive analytics and safeguarding by year’s end and for swing...
NPPG Touts SEC Registration for Administering PEPs
Pooled plan provider NPPG advocates for registration if there is 3(38) investment selection responsibility, but a PEP expert argues it...
ERISA Advisory Council Makes Case for Annuities as Part of QDIA
An ERISA Advisory Council hearing explored expanding the use of annuities in default investment offerings.
DOL’s ESG Rule Challengers Cite Chevron Reversal
Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning...
Federal Court Issues Temporary Stay on FTC Noncompete Ban
A final ruling on the merits of the regulator’s ban on noncompete contracts for employees is expected by August 30.
Congress Searches for Ways to Increase Contractor Participation in Plans
The American Benefits Council suggested in a reply to Louisiana Senator Bill Cassidy that gig workers can benefit from increased...
GE Hit By Athene PRT Lawsuit
Schlichter Bogard LLP files a lawsuit against General Electric for completing a pension risk transfer with Athene, joining suits against AT&T and Lockheed...
The DOL, the IRS and the Chevron Reversal
The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors.
FSI, SIFMA Join Insurance Industry Lawsuit Against Retirement Security Rule
Brokers and asset managers have also opposed the rule, alongside the life insurance industry.
Expert Reaction to the IB 95-1 Report
Though it lacked conclusions from the DOL, the report and the story behind it reveal where the DOL may further...
SPARK To Host Workshops On SECURE 2.0 Implementation
SPARK Institute and Vangaurd will host the workshops to focus on collaboration between retirement plan recordkeepers and payroll providers on...
SEC’s ALJ Process Rolled Back by Supreme Court
The court ruled that issuing fines administratively violates the Seventh Amendment.
CFP Board Files Amicus in Support of Retirement Security Rule
Brief pushes back on arguments it will be costly to implement and limit advice to retirement savers.
House Republican Appropriations Proposal Would Cut EBSA and Block Fiduciary Rule
The budget bill is unlikely to pass in its current form.
Judge Dismisses 401(k) Excessive-Fee Lawsuit Against PNC Financial
A federal judge in Pennsylvania decided an an expert witness to the plaintiffs was unreliable, leading to a dismissal of the allegations.
Preparing for the Retirement Security Rule
Some provisions are set to come into effect in September.
DOL’s IB 95-1 Report Calls for Further Review of DB Pension De-Risking
The report from the DOL’s EBSA summarized the concerns of some stakeholders, but makes no recommendations of its own.
Plaintiff Lawyers Can Now Use AI To Identify Potential Plan Issues
Tech and legal firm Darrow uses AI as a tool for ERISA lawsuit allegations such as underperforming plans, excessive fees.