Early Fiduciary Rule Interpretation from ERISA Experts
ERISA experts warn that it will take some time to judge the final fiduciary rule published by the DOL, given the serious length and complexity of the rulemaking...
Tag: ERISA
First Round of Industry Response to Final Fiduciary Rule
Some of the biggest financial services firms and advocacy groups have registered their initial impressions of the Department of Labor’s final fiduciary rule, including FSI, TIAA, FPC and...
Sec. Perez and Department of Labor Unveil Final Fiduciary Rule
Labor Secretary Thomas Perez stressed to reporters that changes made to the proposed version of the regulations will make the final fiduciary standard broader and stronger, “but absolutely...
DOL Asks for Reversal of Dismissal of Fidelity Float Income Suit
In an amicus curiae brief, the agency details why it disagrees with a district court's findings.
State-Run Plans Will Struggle Without Aggressive Plan Design
TIAA government markets executive urges lawmakers and DOL to heed the financial services industry’s hard-earned lessons when implementing any state-run plans for private-sector workers.
Financial Engines: Americans Strongly Back Fiduciary Reform
A strong majority of investors surveyed by Financial Engines believes advisers should be legally required to provide “non-conflicted advice” in retirement planning contexts.
BP Deepwater Stock Drop Suit Gets DOL and SEC Consideration
The complicated litigation Whitley v. BP PLC is just the latest stock drop case to be impacted by the big-ticket Supreme Court decision in Dudenhoeffer v. Fifth Third...
Breaking Into the Tribal Retirement Plan Market
When working with tribal nations, building a solid relationship is the first and most important step.
ICI Questions Analysis Behind California Secure Choice Plan
Supporters say the California Secure Choice Retirement Savings Program will provide a voluntary, low-risk, auto-enrollment retirement savings plan for many uncovered workers in the state.
Examining the Fiduciary Rule Proposal’s Education Carve-Out
Among the many provisions and definitions in the forthcoming DOL fiduciary rule will likely be an “education carve-out,” considered to be one of the most high-stakes elements of...
Beneficiary Designation Case Turns on Plan Documents
A federal district court has ruled for a second time on litigation arising from a dispute over verbal and written beneficiary designations.
Principal Offers Fiduciary Tools
The tools can help retirement plan sponsor clients manage their fiduciary responsibilities.
7th Circuit Says Advocate's Plan Is Not a Church Plan
The appellate court maintained that, under ERISA, a church plan must be established by a church, and Advocate Health Care Network's DB plan was not.
What ERISA Attorneys Will Look for in Final Fiduciary Rule
Trusted ERISA attorneys Fred Reish and Brad Campbell, of Drinker Biddle and Reath, cut through some of the “mishmash of conflicting rumor and speculation” surrounding the forthcoming final...
House Speaker Ryan Weighs in on Advice Rule
The Republican party is still attempting to shoot down the fiduciary rule—almost certainly in vain.
Senate Bill Aims to Amend ERISA
Senator Johnny Isakson has introduced legislation designed to foil the fiduciary rule and amend the Employee Retirement Income Security Act.
What a SCOTUS Vacancy Means for the Retirement Plan Industry
The late Supreme Court Justice Antonin Scalia had a direct (but not necessarily pivotal) role in shaping many of the SCOTUS decisions tracked in recent years by the...
PRI, TD Ameritrade Team to Offer Adviser Resources
The Pension Resource Institute is making its RetirementAdvantage program available to registered investment advisers that work with TD Ameritrade Institutional.
President Obama’s Budget Docs Reveal Serious MEP Focus
The newly emerged text of President Obama’s 2017 budget proposal includes hundreds of millions of dollars in proposed funding over the next decade to encourage wider use of...
Editor’s Letter
Liability-Driven Decisions
There is no doubt that litigators have been busy, both in 2015 and in the early days of 2016.