Tag: DOL fiduciary rule

The controversial rule will likely be published later this spring, with changes anticipated.

Witnesses called to testify at a House hearing disputed whether small balances would still be served under the retirement security...

New rollover disclosure needs would contribute to a majority of the cost, according to the survey commissioned by financial industry...

The American Securities Association asked Congress in a letter to identify DOL staff involved in the fiduciary proposal and to...

Congress weighs in on the controversial proposal for the first time, with Republicans often against and many Democrats in support.

Among those older than 50, 41% of people prefer to handle retirement planning in-house, and almost all agree advisers should...

The IAA and Morningstar offered conditional support to the Department of Labor’s proposal and the ACLI called for a full...

The trade organization challenged the DOL’s proposal on several grounds, including that an acting cabinet secretary cannot finalize a rule.

Although regulators are motivated to finalize the rule, it will likely face litigation, according to Capital Group’s senior counsel.

The resolution would prevent a government shutdown and keep the DOL funded through February 2.

Retail annuity sales hit $89.4 billion in Q3, while deferred income annuity sales reached $950 million, according to LIMRA.

The proposal is expected to redefine fiduciary in the context of retirement investment advice.

The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.

The DOL has proposed that QPAMs would be disqualified for 10 years for foreign convictions and for entering into non-prosecution...

During a House committee hearing in early May, Secretary of Labor Alexander Acosta said the Department of Labor (DOL) is working with the Securities and Exchange Commission (SEC)...

The firm argues clean share classes can stick to their channels with greater free transparency and lower cost.