Tag: Fiduciary
DOL Announces Fiduciary Responsibilities Seminar in Phoenix
The Getting It Right - Know Your Fiduciary Responsibilities seminar will be held at Arizona State University - Skysong on February 15.
What Comes Next with DOL Conflict of Interest Standard
Experts in several discussions this week suggested organic market factors could take the place of DOL rulemaking that under the Obama Administration sought to raise the conflict of...
Investment Provider Sued Over Own 401(k) Plan Fees
A lawsuit filed against JP Morgan Chase in New York levels a series of allegations that are by now very familiar to retirement industry professionals.
Delay Seems Likely, But Confusion Remains on DOL Fiduciary Rule Future
Conflicting media reports have started to circulate, some to the effect that a delay of the DOL fiduciary rule has already been effectuated—others that are more skeptical this...
Firms Charge Ahead Regardless of Trump Policies
Retirement industry executives overseeing one of the largest recordkeeping businesses around say they are optimistic for the future of DC retirement planning, whatever policies emerge from Washington.
Does ERISA Permit Courts to Order One Fiduciary to Indemnify Another?
This is the question in a petition before the Supreme Court in a case involving a leveraged buyout of an ESOP.
Second DOL FAQ Published Detailing Communication Standards
Many of the questions advisers and providers have asked about the Department of Labor fiduciary rule relate to the line drawn between fiduciary and non-fiduciary client communications.
JC Penney Agrees to $4.5 Million Stock Suit Settlement
In the settlement agreement, the company denied any wrongdoing in its handling of the company stock fund in its retirement plan.
GOP Lawmakers Introduce Measure to Halt DOL Fiduciary Rule
The legislation aimed at delaying implementation of thousands of pages of DOL fiduciary rule language could fit in a handful of tweets.
Claims Against Prudential, CAPTRUST Dismissed in Fee Suit
U.S. District Judge Victor A. Bolden first determined that Prudential was not a fiduciary with respect to the lawsuit’s allegations.
Employer Stock Drop Suit Victory Upheld by D.C. Circuit
To appreciate the riskiness of a stock intimately involves its market valuation, and to argue that the ESOP fiduciaries should have been able to outguess the market’s valuation...
Fee Litigation Targets Multiple Retirement Plans at Health System
Plaintiffs suggest their employer should have allowed a single recordkeeper to service its traditional DC plan and its 403(b)—and that it paid excessive fees by paying for distinct...
What's Next for Robo-Advice in the DC Space?
Robo-advisers gained some traction in the DC industry this year, and many have come to see how the technology could work with, rather than against, traditional advisers.
ERISA Lawsuit Filed Against Starwood Hotels
The case questions the hotel chain's 401(k) plan fees and investment choices.
Suggested Areas for Review With DC Plan Clients
Mercer recommends areas for review that defined contribution plan advisers can go over with plan sponsors.
Federal Court Decision Again Denies Fiduciary Rule Injunction
The National Association for Fixed Annuities has failed again to win an injunction in a DOL fiduciary rule challenge that was previously defeated in a federal district court...
Fiduciary Rule Drives Reconsideration of Fee-Based Annuities
Nearly half of insurers feel the DOL conflict of interest rule would positively impact sales of fee-based annuities, according to Cerulli Associates; less certain is how to effectively...
Fiduciary Rule May Push Advisers Out of DC Business
As implementation of the DOL’s fiduciary rule approaches, advisers may have to choose between remaining in the DC business and pursuing traditional wealth management.
Future of the Fiduciary Rule Under New DOL Secretary
Donald Trump has nominated an outspoken critic of federal government regulation as DOL secretary, placing more uncertainty on the future of the fiduciary rule, according to some observers.