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
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
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
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
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 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
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 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
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
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
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
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
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
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
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.