A District Court judge has refused a request by Franklin Resources and its Franklin Templeton 401(k) Retirement Plan to dismiss claims of ERISA violations by a former plan participant.
January 19, 2017 | 03:50 pm
In her eight years serving in the Obama administration, Phyllis Borzi says her proudest accomplishment is the conflict-of-interest rule, which many Republicans in Congress now hope to repeal.
January 18, 2017 | 12:25 pm
The Department of Labor issued guidance on how its fiduciary rule will apply to investment advice provided to participants in 401(k) plans and people who have IRAs, and other retirement savings...
January 18, 2017 | 02:49 pm
For the first time, people seem to understand what the experts and better-informed investors have been trying to explain — that high fees and conflicts of interest are dangerous for anyone...
January 18, 2017 | 08:27 am
Here are three basic observations to keep in mind as one considers what the new Trump administration portends for the asset management industry.
January 17, 2017 | 11:55 am
The reviews are in for the Department of Labor's proposed changes to the Form 5500 annual report — and they're not raves.
January 09, 2017
Legislation that would delay implementation of the Department of Labor's new fiduciary rule for two years was introduced Friday by South Carolina Rep. Joe Wilson.
January 06, 2017 | 03:22 pm
The Labor Department says target-date funds that have lifetime income products with delayed liquidity, such as annuities, can be considered as prudent default investment.
December 29, 2016 | 04:53 pm
President-elect Donald Trump has pledged to do away with many government regulations, particularly those affecting the financial sector. Industry participants and observers already are writing...
December 26, 2016
Five money managers affiliated with banks convicted of currency price fixing have received one-year, temporary exemptions to continue serving retirement fund clients.
December 21, 2016 | 12:28 pm
The Department of Labor issues final rules allowing some cities and counties to set up payroll-deduction IRA accounts for private-sector workers who do not have access to workplace retirement savings ...
December 19, 2016 | 03:58 pm
Andrew Puzder, CEO of CKE Restaurants Inc., was nominated to be secretary of the Department of Labor under President-elect Donald J. Trump, the transition team said late Thursday.
December 08, 2016 | 05:36 pm
The U.S. Supreme Court agreed Friday to take several cases challenging whether church-affiliated defined benefit plan sponsors must be covered by the Employee Retirement Income Security Act.
December 02, 2016 | 04:07 pm
Despite its intended goal of improving retirement security, the Pension Protection Act of 2006 led to fewer defined benefit pension plans and inadequate coverage from defined contribution accounts,...
November 28, 2016 | 03:34 pm
A second U.S. District Court refused on Monday to grant a temporary injunction against the Department of Labor’s new fiduciary rule, which becomes effective April 10.