SEC Extends Date to Comply with Pay-to-Play Rule
The Securities and Exchange Commission (SEC) released amendments to the pay-to-play rule under the Investment Advisers Act of 1940.
Compliance
PSNC 2012: The New Fiduciary
Distinguishing between education and advice is among the most difficult issues when updating the definition of fiduciary, according to a Department of Labor (DOL) official.
PSNC 2012: How Not to Get Sued
When discussing how plan sponsors can protect against litigation, the main message from panelists at the 2012 PLANSPONSOR National Conference concerned documentation.
Borzi Announces Fee Disclosure Help for Participants
Phyllis Borzi, assistant secretary for the Employee Benefits Security Administration (EBSA), announced tools to help participants understand fee disclosures.
Adviser Oversight Bill Is Critical
The bill is crucial to protect middle-class Americans who need the services of a financial adviser, the president of the Financial Services Institute (FSI) told Congress.
SEC’s Oversight of FINRA Could Be Better, GAO Says
The Government Accountability Office (GAO) pointed out that oversight of the Financial Industry Regulatory Authority (FINRA) by the Securities and Exchange Commission (SEC) has been mixed.
EBSA Schedules More Fiduciary Workshops
The Department of Labor’s Employee Benefits Security Administration (EBSA) has announced more workshops for retirement plan fiduciaries.
Clarity Needed for IRS Partial Annuity Rules
The American Benefits Council welcomes proposed regulations to Internal Revenue Code Section 417(e), on the treatment of benefits paid partially as an annuity and partially in another form...
ASPPA Asks for Roth Conversion Guidance
The American Society of Pension Professionals & Actuaries (ASPPA) has asked for additional guidance concerning Roth 401(k) accounts.
Chesapeake Energy Facing ERISA Investigation
A Los Angeles law firm has begun an investigation into the Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan.
Company Uses ‘Holistic’ Approach to Improve 401(k) Participation
Increasing 401(k) plan participation rates is high on many companies’ priority lists, but what are the most effective tactics?
DOL Frees Assets for 401(k) Plan
The Department of Labor appointed an independent fiduciary to manage the 401(k) plan of a now-defunct New Jersey company in the wake of a lawsuit.
Concerns Linger About DOL Fee Disclosure Guidance
Some advisers say certain issues did not make the FAQs about fee disclosure in the Department of Labor’s recently issued field assistance bulletin.
Increased Education May Help Reduce Retirement Plan Fees
A Government Accountability Office (GAO) review of retirement plan documents showed some sponsors face challenges in understanding the fees they and their participants are charged.