Compliance May 3rd, 2024 Fiduciary Rule Lawsuit Leans on Prior Court Rebuttal An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down...
Compliance May 1st, 2024 GAO Recommends DOL Update TDF Guidance GAO reports concerns about a lack of understanding of TDF glidepaths and the growth of CIT TDFs.
Compliance May 1st, 2024 Unsolicited and Implied Rollovers Under the New Fiduciary Rule Experts parse how a retirement participant’s path to making a rollover will be viewed under the final Retirement Security Rule.
Compliance April 30th, 2024 Breach at J.P. Morgan Exposes Data of 451,000 Plan Participants Participant names, addresses, Social Security numbers and bank information were exposed in an incident the bank became aware of in...
Compliance April 29th, 2024 Independent Contractors and Plan Eligibility The DOL’s new rule on independent contractors could lead to more workers being eligible for retirement plans, depending on plan...
Compliance April 29th, 2024 Advisers Compliant with Reg BI are Compliant with Fiduciary Rule, EBSA Says Ali Khawar added that insurance agents should be knowledgeable of the assets a client is giving up to buy an...
Compliance April 25th, 2024 Chamber of Commerce Challenges Non-Compete Ban The legal complaint argues that the FTC does not have the authority to follow through with a ban on noncompete...
Compliance April 24th, 2024 FTC Votes Through Noncompete Rule A rule outlawing noncompete agreements for all workers, including senior executives, passed in a 3 to 2 vote.
Compliance April 23rd, 2024 DOL Issues Final Retirement Security Rule The much-anticipated fiduciary rule brings retirement plan advisement, one-time rollovers and annuity recommendations under ERISA.
Compliance April 18th, 2024 IRS Extends Relief on Inherited IRA 10-Year Rule Enforcement The IRS notice said 2024 will likely be the last year for the relief.
Compliance April 17th, 2024 Su Defends DOL Budget Request at House Hearing The pending retirement security proposal was not a focus, and only one Congressman asked about it.
Compliance April 16th, 2024 DOL Asks Plan Administrators to Provide Participant Data for Lost and Found The missing participant database requires plans to voluntarily turn over participant data to the DOL.
Compliance April 11th, 2024 OMB Finishes Retirement Security Proposal Review, Final Rule Incoming A final rule on what is also known as the fiduciary proposal is expected in the next few days.
Compliance April 10th, 2024 Climate Disclosure Rule Could Have Unforeseen Compliance Risks, Lawyers Warn Two attorneys testified to Congress that the final rule could create additional compliance requirements outside the text of the rule.
Compliance April 8th, 2024 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 April 8th, 2024 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...
Compliance April 5th, 2024 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...
Compliance April 4th, 2024 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...
Compliance April 3rd, 2024 DOL Extends Time for SECURE 2.0 Reporting, Disclosure Comments The DOL’s EBSA will take public comments for an additional 30 days.
Compliance April 2nd, 2024 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...