October 31st, 2023 DOL Proposal Would Subject Rollovers, Annuity Sales to ERISA The proposal seeks to tackle conflicts of interest in both areas, as well as advice given to plans on investment...
Compliance October 27th, 2023 State AGs Appeal Dismissal of Suit Challenging DOL’s ESG Rule The Department of Labor’s defense continues on two tracks, one in Wisconsin, and 2another in the 5th Circuit.
Compliance October 26th, 2023 New Speaker Mike Johnson Remains an Enigma to Retirement Industry Having served on unrelated committees, Johnson’s legislative record on retirement issues is rather thin.
Compliance October 17th, 2023 OMB Begins Holding Stakeholder Meetings for New Fiduciary Rule The proposal will likely address compensation structures and IRA rollovers, though no draft is available yet.
The Markets October 6th, 2023 DOL Approves Citi Diverse Asset Program for 401(k)s According to the regulator, Citi will not violate ERISA fiduciary duties by paying plan fees of diverse asset managers.
Compliance October 4th, 2023 Will ESOPs Finally Get Regulatory Clarity? SECURE 2.0 requires DOL to create rules for ESOP valuation.
Compliance October 2nd, 2023 Temporary Budget Agreement Keeps 2024 Inflation Adjustments on Track The Social Security COLA and IRS Contribution Limits will continue on schedule after a near miss on government shutdown.
Practice Management October 1st, 2023 What Advisers Should Know About Cybersecurity Insurance Experts provide insight into an insurance market predicted to grow from $6 billion to $33 billion in coming years.
Products September 29th, 2023 Ascensus Hits $1B AUA in PEPs, Showing Continued Adoption The firm cites almost 650 employers in their pooled employer plans; meanwhile, Ameritas is launching a 403(b)-specific offering.
Compliance September 22nd, 2023 Judge Upholds DOL ESG Rule A Texas judge, appointed during the Trump administration, ruled that the DOL does not violate ERISA by permitting ESG in...
Products September 18th, 2023 Hub Launches 401(k) PEP for Small, Midsize Plan Sponsors Retirement plan advisers in Hub’s national network will be offering the pooled employer plan with an eye toward reducing plan...
Compliance September 11th, 2023 DOL Sends New Adviser Fiduciary Rule to OMB for Review The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.
Compliance September 7th, 2023 House Republicans Look to Repeal DOL Rule Permitting ESG in Retirement Plans As the House of Representatives returned this week, it wasted no time proposing new bills targeting ESG investing.
Compliance September 7th, 2023 Acting Secretary of Labor Su Under Pressure as DOL Prepares Fiduciary Proposal Republicans introduced legislation targeting the controversial candidate, whose nomination has not been put to a vote.
Compliance September 5th, 2023 Employee Fiduciary LLC Calls On DOL to Improve 401(k) Fee Transparency The small business retirement plan advisory provided three recommendations to improve participant fee awareness.
Compliance September 1st, 2023 Republican Leaders Discourage 3(21) Fiduciary Rule Amendment Updating the fiduciary rule remains a key area of focus for the Department of Labor, despite missing a published August...
Compliance August 31st, 2023 May Climate Funds Be Used in DC Plan Menus? Yes, as long as they don’t come at the cost of participants’ investment outcomes, according to Wagner Law Group.
Compliance August 31st, 2023 Former American Airlines Pilot Fires Back in Retirement Plan ESG Suit The plaintiff doubles down on allegations the airline defaulted him into ESG-related funds.
Compliance August 30th, 2023 DOL Beats ForUsAll Crypto Suit A federal court ruled there was no legal basis for complaints challenging the DOL’s compliance bulletin cautioning use of cryptocurrency...
Compliance August 14th, 2023 Lawsuit Would Block Missouri’s Anti-ESG Advising Rule Requiring registered advisers to follow state-level ESG disclosure rules violates federal law, according to SIFMA’s lawsuit.