Industry Players Not Concerned About PLESA Match Abuse
The Chamber of Commerce commented to the IRS that their members are not worried about participants contributing to PLESAs solely...
Compliance
DOL At Work on Finalizing Definition of Retirement Investment Advice
EBSA head Gomez tells NAPA 401(k) Summit audience that the DOL is working on sharper definitions of what constitutes retirement...
Senvest Charged $6.5M by SEC for Off-Channel Communications
Senior employees at Senvest were charged for using personal devices with auto-delete features to discuss matters covered by the securities...
Insurance Group Calls for Public Comment Period on IB 95-1
With the DOL yet to meet a deadline to propose modifications, the ACLI argues changes could put a chill on...
DOL Extends Time for SECURE 2.0 Reporting, Disclosure Comments
The DOL’s EBSA will take public comments for an additional 30 days.
DOL Creates More Ways for QPAMs to Be Disqualified
The rule adds kinds of misconduct that could result in disqualification and requires managers to also indemnify their clients if...
Chamber of Commerce, ERIC Ask DOL for Modifications to Auto-Portability Proposal
Lobby groups asked the Department of Labor to remove the requirement that plans must appoint an official to monitor portability...
SEC Requires Internet Advisers to Be 100% Online
In order to register using the internet adviser exception, advisers must provide all their services through a website and not...
Cambridge Expects $500,000 Fine for Promised Fee Waiver Failures
The firm offered certain fee waivers which were not honored, per a recent regulatory filing.
BlackRock’s Non-ESG Funds Are Still ESG, Mississippi Order Says
Mississippi alleges that BlackRock misled investors and should be fined millions.
SPARK Elects New Governing Board Officers
The SPARK Institute will seat a new a chair, vice chair and treasurer.
Key SECURE 2.0 Provisions to Look Out for Right Now
Experts shared the provisions of the SECURE 2.0 Act of 2022 that are generating the most buzz in a PLANADVISER...
DOL Defends ESG Rule Against 5th Circuit Appeal
The challenge to the DOL’s ESG rule continues at the appellate level.
Judge Rules for Molina, flexPATH in ERISA Case
The District Court judge cited broad indexes as the appropriate benchmarks for plan TDFs in a ruling expected to be...
4 Bipartisan Bills Would Restrict Investment in China
They would ban Chinese securities in index funds and tax gains from them as income.
Social Security Administration to Relax Overpayment Clawback Rules
SSA Commissioner Martin O’Malley also laid out the agency’s customer service issues.
Managing Fiduciary Conflicts in the Age of Convergence
ERISA expert David Kaleda discusses what the DOL’s proposed Retirement Security Rule may mean for retirement and wealth management firms.
GOP Proposes Bills to Require Longer SEC Comment Periods, Overturn Private Funds Adviser Rule
Introduced in the House of Representatives, a bill to invalidate the private funds adviser rule would be unlikely to pass...
2nd Lawsuit Filed Against AT&T Over PRT Deal
In two different cases, AT&T faces renewed scrutiny regarding a pension risk transfer arrangement made with Athene, while a lawsuit...
What Market Abuses Are DOL’s Fiduciary Proposal Supposed to Prevent?
Supporters of the proposal say regulations are essential to protect retirement savers from conflicted advice.