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 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.
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.
Fiduciary Debate Turns to Impact on Investors
The latest debate over whether the SEC and the Department of Labor should issue fiduciary rules this year recently turned to whether investors could be harmed by DOL's rulemaking, or harmed by the lack of such a rulemaking by the SEC.
DOL Fiduciary Plan Could Hurt Workers Changing Jobs: Study
The DOL fiduciary proposal could lead more workers, particularly lower earners, to cash out their retirement plans by barring them from advice, Quantria Strategies says.
Without Fiduciary Rule Collaboration, Cost-Benefit Analysis ‘Worthless’
Comments have been flooding into the Securities and Exchange Commission regarding the agency’s March 1 request for input on the costs and benefits of putting brokers under a fiduciary mandate.
SEC, DOL Must Collaborate on ‘Overlapping’ IRA Fiduciary Standards: Attorney Mason
The failure of the SEC and DOL to collaborate on their “overlapping” fiduciary rules on IRA advice will render the SEC’s current cost-benefit analysis worthless, says Kent Mason of Davis & Harman.
Does Fiduciary Coverage for 401(k) Rollovers Lie Ahead?
A just-released report by the GAO on rollovers foreshadows one of the more controversial aspects of what the DOL’s revised fiduciary rule will look like, industry officials say.
Fiduciary Rule Backers Renew Critique of Oliver Wyman Study
Proponents of a fiduciary standard for IRA advisors, including Barbara Roper of the Consumer Federation of America, are once again crying dirty pool over a widely reported study.
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.