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...
Tag: EBSA
Chamber of Commerce, ERIC Ask DOL for Modifications to Auto-Portability Proposal
Lobby groups asked the Department of Labor to remove the requirement that plans must appoint an official to monitor portability...
DOL Defends ESG Rule Against 5th Circuit Appeal
The challenge to the DOL’s ESG rule continues at the appellate level.
Final Fiduciary Rule Goes to OIRA for Review
The controversial rule will likely be published later this spring, with changes anticipated.
New Voluntary Correction Rules Could Be Finalized Soon
In ‘the next few months,’ fiduciaries may be allowed to self-correct certain administrative errors.
TIAA Subsidiary Settles With SEC for $2.2M on IRA Recommendation Charge
TIAA-CREF Individual and Institutional Services settled charges of failing to comply with Regulation Best Interest.
EBSA Recovered $1.4B in Retirement, Health Benefits in ’23
Head Lisa Gomez points to education and outreach growth as important outcomes, along with recovered funds and relief.
Retirement Security Proposal Addresses ‘Significant Gaps,’ EBSA Official Says
PLANADVISER interviewed Tim Hauser of EBSA on the retirement security proposal.
Oxford Survey Finds DOL May Have Underestimated Compliance Cost of Fiduciary Proposal
New rollover disclosure needs would contribute to a majority of the cost, according to the survey commissioned by financial industry...
ASA Calls on Congress to Name DOL Employees Involved With Fiduciary Proposal
The American Securities Association asked Congress in a letter to identify DOL staff involved in the fiduciary proposal and to...
50 House Reps Push Back On DOL Fiduciary Proposal
Bipartisan group urges DOL to ‘withdraw and cease efforts’ to move ahead with retirement security rule targeting annuities and one-time...
American Securities Association Says DOL Acting Secretary Cannot Finalize Fiduciary Proposal
The trade organization challenged the DOL’s proposal on several grounds, including that an acting cabinet secretary cannot finalize a rule.
Empower, SPARK Push Back Against Fiduciary Proposal
Their concerns arise from the wide range of sales conversations that take place between recordkeepers and plan sponsors and the...
Adviser, Planner Communities Give Qualified Support for Fiduciary Proposal
The highly controversial proposal from the DOL has received support from major industry actors, including the CFP Board and FPA,...
Fiduciary Rule Proposal Faces 1st Day of Dissent, Advocacy
The DOL’s Retirement Security rule is seen as overbearing by some, necessary by others.
Inspector General Report Calls for Greater EBSA Authority
The report argues that EBSA should have more authority over the Federal Thrift Plan and resources to conduct audits.
Shareholder Rights, ESG Rules Begin Friday
The new rule will permit the use of ESG considerations in exercising of shareholder rights.
Biden Expected to Sign Continuing Resolution
The resolution would prevent a government shutdown and keep the DOL funded through February 2.
EBSA Denies Comment Period Extension for Fiduciary Proposal
The regulator pushed back on industry requests to extend comment time for the controversial proposal; the period will still end...
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.