Single-employer defined benefit plan sponsors covered by ERISA will have new guidelines for annual funding notices when the Department of Labor's Employee Benefits Security Administration publishes a ...
January 30, 2015 | 05:17 pm
The Department of Labor is under increasing pressure to get tough on money managers with U.S. retirement plan clients when their firm, or an affiliate, gets into legal trouble.
January 26, 2015
The U.S. Supreme Court is scheduled to hear arguments next month in an ERISA case that could greatly expand guidelines for defined contribution plan executives' fiduciary responsibilities.
January 26, 2015
Several financial watchdog groups opposed Credit Suisse Asset Management's bid to continue providing money management services to retirement plans in the U.S.
January 15, 2015 | 04:01 pm
New Treasury Department rules on using deferred annuities within target-date funds as part of a defined contribution plan shouldn’t be viewed as excluding the department’s consideration...
January 13, 2015 | 03:31 pm
Eleven organizations representing retirement and financial industries have asked the federal government to reconsider proposed regulations outlining how service providers should create a fee-...
January 07, 2015 | 03:32 pm
New guidance from the IRS and Department of Labor on using annuities in target-date funds will encourage greater use of lifetime income options in defined contribution plans.
December 22, 2014
Secretary of Labor Thomas Perez named five new members to the Department of Labor ERISA Advisory Council.
December 15, 2014 | 03:50 pm
Controversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.
December 10, 2014 | 12:09 pm
Defined contribution industry representatives are resuming efforts to convince Labor Department officials that more extensive regulation of self-directed brokerage accounts is unnecessary and...
December 08, 2014
The Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.
November 25, 2014 | 01:45 pm
The Department of Labor is deferring a final decision on Credit Suisse’s bid for permission to continue providing asset management services to retirement plans, after its banking entity pleaded ...
November 14, 2014 | 11:51 am
The Labor Department filed a lawsuit against the fiduciaries of two Severstal Wheeling Inc. defined contribution plans, alleging the fiduciaries “imprudently invested” plan assets,...
November 04, 2014 | 04:14 pm
Defined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions &...
October 29, 2014 | 01:24 pm
Labor Department officials are scrutinizing potential conflicts of interest when pension consultants with fiduciary responsibilities also manage a plan’s assets or recommend themselves for that ...