Retirement Security Proposal Addresses ‘Significant Gaps,’ EBSA Official Says
PLANADVISER interviewed Tim Hauser of EBSA on the retirement security proposal.
Tag: Fiduciary
10 Questions for Advisers To Ask When Brand Building
Rebecca Hourihan, founder of 401(k) Marketing, shares how to attract clients through personal branding.
ERISA Complaint Against AT&T Returned for Review by Appeals Court
A complaint alleging AT&T’s benefits committee failed to properly report brokerage commission paid to Fidelity has been remanded back to...
Verizon Settles 401(k) Complaint for $30M
The agreement is still pending court approval but would end 7-year court case.
SEC’s Gensler Says AI Can Create Conflicts of Interest
The SEC chair said that an AI program that even accounts for the interests of the adviser could present conflicts...
SEC’s Gensler Confirms AI is Regulatory Priority
Chairman Gary Gensler said at a conference that he has directed the SEC to explore the regulatory implications of AI...
Compliance Analysis
How to Avoid Fee Conflicts
Wealth managers can look to ERISA and the tax code for guidance.
SEC’s Uyeda Expresses Concern about SEC Overreach
Republican commissioner specifically mentioned the new outsourcing rule, pay-to-play enforcement and compliance periods for SEC rules.
DOL Proposes Changes to Voluntary Fiduciary Correction Program
The proposal would allow fiduciaries to correct certain transactional mistakes and then notify DOL instead of applying for approval beforehand.
What Plan Sponsors Should Expect From a Retirement Plan Adviser
As plan sponsors look to evaluate their relationship with their financial advisers, experts say it is critical that advisers understand...
Parties Reach Preliminary Settlement in 16-Year ERISA Lawsuit
Plaintiffs agree to settle for $267 million in a class action suit that alleged that PricewaterhouseCoopers LLP undercalculated lump-sum payments...
Learn From Income Innovators at PANC 2022
Hear UCLA Professor Emeritus Shlomo Benartzi speak about practical solutions for creating an income plan, based on his groundbreaking research...
Empower Partners with Rockefeller Capital on 3(38) Service
Plan sponsors and plan fiduciaries that use the service would add an extra layer of fiduciary protection, with Rockefeller serving as an ERISA 3(38) investment manager.
How Financial Services Employees Feel about Cybersecurity
A new study shows that most people working in regulatorily sensitive industries such as financial services are aware of the...
Josh Itzoe Launches FiduciaryRx Platform
The former Greenspring Advisors professional describes FiduciaryRx as a modern tech platform that empowers advisers to improve the ‘fiduciary wellness’ of their plan sponsor clients.
Coca-Cola Consolidated Settles ERISA Fiduciary Lawsuit for $3.5M
The settlement includes both monetary and nonmonetary aspects.
Analyzing Retirement Industry Cybersecurity Risks and Best Practices
A certain famous bank robber is said to have explained that he robbed banks because ‘that’s where the money is.’...
ERISA vista
An Objectivity Lesson
The more objective the presentation, the less likely it will seem like advice.
Mixed Ruling Filed in NFP–flexPATH ERISA Lawsuit
The complicated ruling offers some support for the defendants’ arguments but allows other claims to proceed to discovery and trial.