DOL Fiduciary Survey ‘Bogus,’ Advocate Warns Lawmakers
Foes of a revised DOL fiduciary rule are using a survey showing a harmful impact to win senators to their side, an industry official says.
About That DOL Fiduciary Survey ...
A closer look at the Greenwald study of the small-business impact of DOL's fiduciary plan reveals the spin machine at work. Why the scare tactics?
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.
TIAA-CREF to Buy Nuveen for $6.25 Billion
Nuveen will operate as a separate unit within TIAA-CREF’s asset management business and retain John Amboian as CEO.
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.
Putnam’s Reynolds to Head Great-West Lifeco U.S.
Great West Lifeco announced Thursday that Robert Reynolds, president and CEO of Putnam Investments, was named president and CEO of Great-West Lifeco U.S.
Prudential Retirement Names Reddy Head of Investment
In this newly created role, Srinivas Reddy will be responsible for all aspects of the investment and retirement income businesses.
Company Retirement Plans Better When Using Advisors: Survey
Among plans with a retirement plan advisor, one-third saw the average employee contribution rate grow by 6% of pay or better.