Hurricane Harvey Victims Get Relief from Regulators
The relief includes relaxed rules for hardships and loans and relaxed deadlines for filings and disclosures.
Tag: DoL
Indication of Second DOL Fiduciary Rule and BICE Delay Emerges
The Department of Labor and the White House have seemingly agreed to extend the applicability date of the full fiduciary rule and its accompanying exemptions by another year.
J.P. Morgan Retirement Link Sales Head Dissects Advisory Industry Progress
Charlie Cote, head of Retirement Link Sales at J.P. Morgan Asset Management, reflects on two decades of working with defined contribution retirement plan investors.
AxiomSL Launches Regulatory Education Program
The new compliance support programming is free for advisers and seeks to “shed light on opacity surrounding financial regulations."
Retirement Industry People Moves
Cetera Expands Retirement Business; Mercer Expands Leadership in Detroit Office; OneAmerica Names West Coast Relationship Executive.
Voya IRA Platform Addresses Fiduciary Change
Voya Financial has launched a new advisory-based IRA platform aimed at cost efficiency.
Minnesota Health System Faces Familiar ERISA Challenge
The complaint suggests plan officials ceded discretion to a provider to add any mutual fund it wished, “regardless of whether the funds were duplicative of other options, had...
A Closer Look at the BICE
A new report, “Everything You Wanted to Know About BICE But Were Afraid to Ask,” offers plan officials key insights on the requirements of the fiduciary rule and...
Skin Surgery Center to pay $5 Million to ESOP
A Manhattan-based laser surgery center's owner was found to be in violation of ERISA.
Financial Pros Say Fiduciary Rule Prevents Them From Serving Clients
Seventy-five percent say they will take on fewer accounts with $25,000 or less in assets due to increased costs.
SIFMA Sends DOL Study About Fiduciary Rule Effects
The study suggests advisers have pared back products and services for retirement investors, and compliance with the fiduciary rule will be costly.
First Signs Emerge of DOL Fiduciary Rule Transition Extension
The DOL submitted a very brief document to a Minnesota district court apparently confirming the substantial development that it will seek to extend the fiduciary rule transition timetable.
Fiduciary Rule RFI Comments Suggest Split in Industry Outlook
Today is the second and final deadline for submitting responses to the DOL’s broad RFI regarding the fiduciary rule expansion under ERISA—but late comments will also be accepted...
fiduciary fitness
Proprietary Funds
Besides the claims of breach of fiduciary duty made of late against plan sponsors that offer proprietary funds, there have been claims of prohibited transactions. With respect to...
The Regulatory Agenda for 2017 Remains Packed
Beyond the ongoing fiduciary rule RFI process, the DOL also has slated for this month an interim final rule about an amendment to its Abandoned Plan Program.
Can States Pick Up DOL Fiduciary Enforcement Slack?
There are certainly states that are attempting to do so, but it’s unclear whether ERISA’s preemption of state law will render their efforts toothless.
DOL Fiduciary RFI Process Extends a Decade of Uncertainty
The head of retirement and investment solutions at Pershing discusses the impact that uncertainty around the fiduciary rule is having on firms and clients throughout the DC plan...
DCIIA Calls for More Robust Use of Automatic Features
The organization has issued a report analyzing what is working in DC plans and how the existing tools can be leveraged further.