Labor department/EBSA

DOL issues fiduciary guidance related to annuity benefit distribution options

DOL issues fiduciary guidance related to annuity benefit distribution options

The DOL has issued guidance for defined contribution plan sponsors, clarifying their fiduciary responsibilities under certain circumstances for the monitoring and reviewing of annuities as benefit...

July 14, 2015 | 02:27 pm
Obama: Clarity on state-run private-sector retirement savings programs by year's end

Obama: Clarity on state-run private-sector retirement savings programs by year's end

States interested in creating their own programs for private-sector retirement savings will have further guidance from the Department of Labor by the end of the year, President Barack Obama said.

July 13, 2015 | 02:10 pm

IRA regulation on the horizon, Washington experts say

The Department of Labor’s proposed update to its fiduciary rule “is all about the ERISA-fication of the IRA space,” Groom Law Group Chairman Steven Saxon told attendees at the...

June 29, 2015 | 02:58 pm
Senate panel offering no money for DOL fiduciary rule

Senate panel offering no money for DOL fiduciary rule

A Senate Appropriations Committee budget bill approved Thursday doesn't allow any money for the Department of Labor to finalize its proposed fiduciary rule.

June 25, 2015 | 03:32 pm
House committee cuts funding for DOL fiduciary rule-making

House committee cuts funding for DOL fiduciary rule-making

The Department of Labor would be unable to spend any money to update its fiduciary rule under a House Appropriations Committee budget approved Wednesday.

June 24, 2015 | 06:04 pm
Labor secretary defends conflict-of-interest proposal

Labor secretary defends conflict-of-interest proposal

Labor Secretary Thomas Perez defended his agency's proposed new rule to address conflicts of interest in retirement investment advice at a House hearing Wednesday.

June 17, 2015 | 02:09 pm
DOL fiduciary rule in crosshairs of new spending bill

DOL fiduciary rule in crosshairs of new spending bill

A House bill introduced Tuesday would stop a Labor Department proposal to change investment advice standards for retirement accounts.

June 16, 2015 | 05:19 pm
Some 39% of benefit plan audits show major deficiencies — EBSA study

Some 39% of benefit plan audits show major deficiencies — EBSA study

Some accountants auditing employee benefit plans have a quality problem, said a study published Thursday by the Department of Labor's Employee Benefits Security Administration.

May 28, 2015 | 05:25 pm
Experts dissecting fiduciary rule's carve-outs

Experts dissecting fiduciary rule's carve-outs

Defined contribution industry participants are paying close attention to the carve-outs — exemptions distinguishing non-fiduciary behavior from fiduciary behavior — in the Labor...

May 18, 2015
Labor Department extends fiduciary rule comment period

Labor Department extends fiduciary rule comment period

The Department of Labor will give extra time for public comments on its proposed new fiduciary conflict-of-interest rule.

May 15, 2015 | 05:10 pm
DeAWM petitions DOL for exemption to manage U.S. retirement assets

DeAWM petitions DOL for exemption to manage U.S. retirement assets

Deutsche Asset & Wealth Management, the money management unit of Deutsche Bank, applied to the U.S. Department of Labor for permission to continue providing services to retirement plans after the...

April 28, 2015 | 03:42 pm
DOL's proposed fiduciary rule on advice gets a thumbs-up

DOL's proposed fiduciary rule on advice gets a thumbs-up

Defined contribution industry executives are optimistic that after nearly four years of work and intense debate, the Department of Labor's proposal for updating a 40-year fiduciary standard for...

April 20, 2015
DOL grants BNP Paribas money management exemption

DOL grants BNP Paribas money management exemption

BNP Paribas can continue providing money management services to U.S. retirement plans, despite the parent company's June 2014 guilty plea to violating U.S. sanctions in several countries.

April 15, 2015 | 04:12 pm
DOL's proposal for new fiduciary standard moves to comment period

DOL's proposal for new fiduciary standard moves to comment period

The Department of Labor is moving full steam ahead with a proposed fiduciary standard for anyone giving retirement investment advice after years of retrenching, officials announced Tuesday.

April 14, 2015 | 02:58 pm
DOL, SEC tag-teaming managers on enforcement

DOL, SEC tag-teaming managers on enforcement

Executives at money managers and other financial firms — bracing for new fiduciary standards from both the DOL and SEC — are feeling increasingly double-teamed by the agencies.

April 06, 2015