Emboldened Borzi Is Back
Bolstered by another four years in her position under a re-elected Obama administration, Phyllis Borzi is adamant that EBSA’s fiduciary rule will see the light of day this year.
Stadion Offers TDFs With ERISA 3(38) Protection
Stadion Money Management, an asset manager based in Watkinsville, Ga., announced Tuesday that it is offering ERISA 3(38) fiduciary management on its target-date funds.
ERISA Gurus Reish, Campbell Urge DOL to Create 408(b)(2) ‘Corrections Program’
Such a program would not let "bad actors" evade punishment, they said; rather it would provide a streamlined process with reduced penalties.
Think Your Portfolio Models Pass ERISA Muster? You May Be Wrong
Fred Reish of Drinker Biddle & Reath lays out guidelines for providing asset allocation models that will not be treated by ERISA as designated investment alternatives.
Controversy Over Brokerage Windows Is Focus of Drinker Biddle Debate
Drinker Biddle & Reath held the first of a series of conference calls for advisors on regulation, discussing the controversy over proposed brokerage window rules and how the election could affect the fiduciary debate.
DOL Backs Off Controversial Brokerage Window Plan
EBSA backed off on its controversial fiduciary requirements involving brokerage windows under its fee-disclosure rule 408(b)(2) that had the retirement planning community up in arms.
Borzi on the Hot Seat, Again
Phyllis Borzi is once again feeling heat—this time from House Democrats—over her insistence on including individual retirement accounts (IRAs) in the Department of Labor’s reproposed fiduciary rule.
Time’s Up on DOL’s 408(b)(2) Deadline
The July 1 compliance date for the Department of Labor’s (DOL) final 408(b)(2) fee disclosure rule has finally arrived, and even though the final rule was a long time coming, covered service providers have been ramping up their compliance efforts for months.
Former EBSA Head Campbell Joins Drinker Biddle & Reath
Brad Campbell, former head of the Department of Labor’s Employee Benefits Security Administration, has joined Drinker Biddle & Reath as counsel in the law firm’s Employee Benefits & Executive Compensation Practice Group in Washington.
DOL Fiduciary Rule Set for First-Half 2012 Release
Department says it is working on cost-benefit analysis for reproposal to ‘get this rule right’