Displaying 171 results
DOL’s final ESG rule puts an end to Trump administration restrictions
The new rule frees retirement plan advisers to incorporate risk and return factors associated with climate change and other ESG investment alternatives.
Midterms’ consequences for ESG
Regulators will press on with their climate agendas, as will anti-ESG politicians.
Platform lets retirement savers access crypto investments
ForUsAll says its Alt401(k) platform enables employees to invest in crypto through a brokerage window. Meanwhile, the firm has filed a lawsuit challenging the DOL's crypto warning.
Restricting advisers’ independent contractor status is a no-win for everyone
It's critical that the DOL and members of Congress hear from advisers what their independent classification means, not just to them but to their clients as well.
Federal court orders company and its owner to repay 401(k) plan
The president and owner of an Illinois-based health care company failed to make necessary contributions to the retirement plan.
Independent advisers are not gig workers
Let’s hope that by skillful lobbying, thoughtful consideration or through sheer dumb luck, financial advisers can stay independent.
Financial industry must persuade determined DOL to protect independent-contractor advisers
The Department of Labor may not be inclined to change a proposal that would potentially upend the business model for independent broker-dealers and insurance agents.
DOL set to finalize ESG rule for retirement plans
The final rule is coming out at a time when sustainable investing has become a political flashpoint.
Senate confirms Lisa Gomez as assistant secretary of Labor, EBSA head
She takes the helm of the agency that oversees employee retirement plans as it is writing another iteration of an investment advice rule.
Wells Fargo facing class action over 401(k) stock purchases
Three plan participants are suing the bank, alleging that it overpaid for company stock in its employees’ retirement plan.
DOL orders Wells Fargo to pay $145 million over 401(k) company stock purchases
The Wells Fargo retirement plan paid more than fair market value for stock that diminished participants' savings when it was allocated to their accounts.
Biden nominees for key adviser-oversight roles await Senate confirmation
Lisa Gomez is poised to become DOL assistant secretary and head of the Employee Benefits Security Administration, while Jaime Lizárraga and Mark Uyeda are set to join the Securities and Exchange Commission.
Trouble with the IRS? Let an ERPA guide you
A second-generation enrolled retirement plan agent explains how he helps companies smooth out plan problems with the IRS.
Lawsuit seeks to kill DOL guidance on using crypto in 401(k)s
ForUsAll, a 401(k) provider that specializes in alternative investments, alleges that Labor exceeded its authority by trying to institute an effective ban.
Fiduciary-only advice rule would harm investors, ACLI warns
As the DOL prepares another rule related to fiduciaries, an insurance trade association says access to commission-based advisers is at stake, while an investor advocate criticizes the trade group's poll.
DOL continues to have qualms about Fidelity’s crypto 401(k) product
DOL acting assistant secretary Ali Khawar isn't reassured by the consumer safeguards included in Fidelity's Bitcoin offering for retirement plans.
Advisers caught between Fidelity, DOL on using crypto in 401(k)s
Fidelity wants to make it easier to allocate 401(k) assets into Bitcoin, while the Department of Labor is warning plan fiduciaries to be extremely careful about using crypto.
Advisers cautiously upbeat about crypto 401(k) investing with Fidelity imprimatur
Offering crypto investments through workplace plans will make digital assets more accessible, but the option needs to be right for the investor.
ESG options would increase 401(k) engagement, survey finds
The problem, though, is that the 401(k) system is hardly ready to meet much demand for ESG.
Trump-era DOL rule for ESG arises in model bill for pensions
A proposal from a group that supports conservative initiatives targets ESG in state pension plans.
