Obama Gets Earful of Advisors’ DOL Fiduciary Rule Complaints
Advisors are taking their objections to the DOL's controversial rule amending the definition of fiduciary straight to the White House.
Congress to DOL's Borzi: Repropose Fiduciary Rule, Too Broad
Lawmakers told EBSA head Borzi on Tuesday to repropose EBSA’s controversial regulation amending the definition of fiduciary because it's too broad and because the agency failed to examine the full cost of expanding the definition.
EBSA Extends 408(b)(2) Compliance Deadline to April 2012
DOL's Employee Benefits Security Administration (EBSA) announced Wednesday that it was extending the interim final rule deadline on its plan level fee disclosure rule, 408(b)(2), to April 1, 2012.
DOL's Rule 408(b)(2) Saga Continues: Further Compliance Extension Likely
Because a final 408(b)(2) rule has yet to be issued by EBSA, retirement plan sponsors will likely need another extension beyond the current Jan. 1, 2012, date.
DOL's Borzi Fights Critics of Proposed Fiduciary Rule
Phyllis Borzi, head of EBSA, fought back on Tuesday against criticisms regarding EBSA's controversial regulation amending the definition of fiduciary under ERISA.
Former EBSA Head Campbell to DOL: Re-Propose Fiduciary Rule
Brad Campbell, former head of EBSA, said Wednesday that he has been urging the DOL to “re-propose” its fiduciary regulation, but Phyllis Borzi, current EBSA head, tells AdvisorOne a re-proposal isn't coming.
DOL Proposes 401(k) Advice Rules
The U.S. Department of Labor (DOL) announced August 20 two proposed rules under the Pension Protection Act (PPA) designed to make investment advice more accessible...
NEWS & PRODUCTS, JULY 2008
The Department of labor (DOL) will continue to scrutinize the indirect compensation that advisors acting as pension consultants receive, warned Alan Lebowitz, a DOL official,...