DOL Seeks Feedback on Brokerage Windows in 401(k)s
The range of investments available in the "window" and how much disclosure workers get about them are some of the questions DOL wants answered.
Managed Accounts Could Be Made Safer for 401(k) Investors: GAO
The DOL will consider GAO recommendations to require more disclosures and better guidance for retirement plan sponsors from managed account providers.
White House Getting Involved With DOL Fiduciary Redraft
The White House’s National Economic Council will be performing “industry outreach” regarding the DOL's fiduciary redraft, according to industry officials.
DOL Fiduciary Rule in 2016?
It may be 2016 before a new rule is in effect, and even that’s a long shot, says Groom Law Group's Steve Saxon.
DOL Fiduciary Redraft Would Kill Many Small-Biz Retirement Plans: Survey
Thirty percent of small businesses say it's “at least somewhat likely” they will eliminate employee retirement plans under DOL's proposal, a Greenwald survey found.
Ric Edelman: What’s Wrong With IRAs, 401(k)s, and the Industry That Sells Them
The outspoken Edelman talks to ThinkAdvisor about how Wall Street preys on investors, the unconventional structure of his practice and why he opposes mutual funds.
Lawmakers’ Prodding of SEC, DOL Fiduciary Collaboration a ‘Tactic,’ Consumer Groups Say
Lawmakers want SEC to go first on fiduciary because BDs and insurers expect to find the commission's rule more favorable, suggests CFA's Barbara Roper.
Skip Schweiss, TDA’s Advisor Sage: The 2014 IA 25 Profile
Skip Schweiss has worked with advisors for 25 years. He understands their animus toward regulation, but says there’s a much bigger threat on the horizon.
Thomas Perez, DOL’s Cautious Fiduciary Advocate: The 2014 IA 25 Profile
Labor Secretary Thomas Perez is being credited with re-energizing the DOL’s bid to amend the definition of fiduciary under ERISA. But he's proceeding carefully.
SEC, FINRA, DOL Enforcement: Iowa Advisor to Repay 68 Pension Plans
In other actions, FINRA censures and fines New York-based Banesto Securities Inc., now known as Santander International Securities Inc., $650,000 for custody failures.