Displaying 171 results
DOL’s cybersecurity tips were needed, but 401(k)s shouldn’t ask much from participants
A system built around inaction shouldn’t expect people to become more involved with it, much less bear responsibility for keeping their accounts safe.
Senate confirms Marty Walsh to head Labor Department
The Boston mayor, a former union leader, had the backing of the AFL-CIO.
DOL won’t enforce Trump-era ESG rules
The two rules were among the most heavily contested measures instituted by the DOL under former Secretary Eugene Scalia, with the 401(k) rule drawing nearly 9,000 public comments, most of which opposed it.
Cure the harm Trump administration caused savers
Data suggest that the adoption of the SEC’s vague Regulation Best Interest and the abandonment of a strengthened DOL standard for retirement accounts have already cost savers billions of dollars in lost returns.
DOL nominee Walsh raises concerns about Trump rule curbing ESG retirement investing
Walsh says he will tell EBSA to reexamine the regulation, which an expert says has led to ESG products being taken off of retirement plan platforms.
DOL may extend exemption allowing Deutsche to manage retirement funds
The banking giant, which was convicted of wire fraud in connection with a Libor-rigging scheme, currently enjoys key rule exemption.
DOL will let Trump-era fiduciary rule stand
The rule, which was proposed last year and goes into effect next Tuesday, essentially replaces the defunct Obama-era version that regulated investment advice for 401(k)s and rollover IRAs. It provides an exemption for investment advice fiduciaries under the Employee Retirement Income Security Act.
DOL backs off from CalSavers lawsuit, but damage may be done
While the Labor Department has ended its support for the suit seeking to invalidate California's auto-IRA, the analysis in its amicus brief is still part of the record before the court.
Dramatic changes to legislation seem unlikely despite full Democratic control
An evenly divided Senate might tweak rather than overhaul investment-advice policy, such as the treatment of rollovers, while resisting some tax increases Biden advocated during the election.
Biden signals administration will review DOL ESG rule
Hours before President Joseph Biden was inaugurated at the U.S. Capitol, the Biden transition team released a list of more than 100 Trump regulations approved since 2017 that it intends to revisit.
401(k) sponsors in the dark about cognitive decline
A Department of Labor advisory council compiled a wealth of testimony on the challenges that plan sponsors, advisers, record keepers and others face in identifying retirement savers’ cognitive decline and what options they have when they suspect it.
How the Biden administration can protect retirement savings
The Labor Department's fiduciary rule and the SEC's Reg BI pose a real threat to the retirement savings of investors, but the Biden administration can put an end to the threat.
Biden names Boston Mayor Walsh to head Labor Department
Walsh is a former head of the Boston Building and Construction Trades Council; his appointment is a signal that Biden will make the labor agenda a priority
Driving progress during an unprecedented year
The challenges of the pandemic were magnified by the implementation of the SEC's Reg BI
SEC warns of tougher Reg BI exams next year
The agency will ‘conduct enhanced transaction testing’ to see if firms are acting in customers’ best interests
Trump administration pushes regulations across finish line in waning days
DOL rules affecting investment advice and the use of ESG factors may be vulnerable under Biden
What advisers need to know about the new DOL rule
The new interpretation on the definition of advice has some benefits for plan advisers, and it will be in place even if the rule is halted
DOL may be too late with final fiduciary rule
The rule's effective date falls after the Biden administration comes into power, meaning its ultimate fate remains unclear
House lawmakers introduce legislation to promote sustainable investing
The measure, led by Rep. Andy Levin, would require advisers to consider environmental, social and governance factors in investment decisions
DOL limits retirement-plan proxy votes to those affecting financial returns
The move could curb shareholder actions related to sustainable investing
