Beware a Fiduciary ‘Wild West’: ASPPA Chief
ASPPA CEO Brian Graff lays out two hot issues to watch: DOL's coming fiduciary proposal and the growing specter of state-run retirement plans.
DOL Provides ERISA Guidance for Same-Sex Couples
DOL announced new guidance interpreting the Supreme Court’s decision overturning the Defense of Marriage Act and its impact on ERISA.
DOL Slams ING Life and Annuity With $5.2M Fine
The company was fined over its failure to disclose investment gains achieved when it failed to process requested transactions in a timely manner.
The Morning After…
Now that the election is over, how can we move the ball forward—for your businesses and your clients—during the coming months and weeks?
President Romney’s Cabinet: Who Would He Choose?
If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than Obama’s. Here are some of the choices to head those key posts.
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.
Several recent elections in Europe were seen as a referendum on fiscal austerity (and fiscal discipline) and their results were presented as a mood shift in favor of more government spending and economic stimulus.
DOL Enforcement Roundup: Two Accused of Misusing Pension Funds
The director of an Illinois-based investment management firm was ordered to restore $1.2 million to four pension plan client accounts, while an advisor was accused of misusing $3.2 million in retirement plan funds.
Fierce Opposition to Labor Department’s Fiduciary Proposal
As comments from the House committee hearing over the redefinition make clear, opposition to the DOL’s redefinition of ‘fiduciary’ is bipartisan and fierce.
British Budget Cuts Top Tax Rate, Deductions for Pensioners
Chancellor of the Exchequer George Osborne on Thursday prompted a chorus of jeers over the budget he unveiled, which cut the top tax rate on Britain’s wealthiest even as it eliminated tax deductions for pensioners.