DOL
Get the latest news and insights on the Department of Labor's moves around the fiduciary rule, other financial regulations, enforcement actions and more.
Obama's 2013 Budget Calls for Stronger Defined Benefit Pension System
By Elizabeth D. FestaThe President's 2013 budget proposal seeks to give the board of the Pension Benefit Guaranty Corp. (PBGC) authority to adjust premiums and evaluate risks, to keep it viable for the times when plans fail.
January 17, 2012
401(k)s: Average Small Plan Expenses Exceed Large Plans’ CostsAverage expenses for small retirement plans are 1.3%, according to the 401k Averages Book, which published the 12th edition of its annual benchmark report on 401(k) fees on Tuesday.
January 16, 2012
Industry Groups to DOL: ‘Clarify’ Fiduciary IRA RequestIndustry trade groups told the DOL in a Jan. 12 letter that it would be impossible for them to provide data concerning conflicts of interests that brokers face in advising IRAs by Jan. 15.
January 05, 2012
DOL to AdvisorOne: Department ‘Has Not Signaled’ Extension of April 1 Fee Disclosure DeadlineWhile rumors were flying that Labors Employee Benefits Security Administration planned to push back the April 1 deadline for compliance with its fee disclosure regulations, a DOL spokesman told AdvisorOne on Thursday that the department had 'not signaled' that the deadline would be extended.
January 03, 2012
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans joined 30 House Democrats in early December to request that the Department of Labor significantly narrow its definition of fiduciary in a rule the agency is currently drafting that would impact the sale of retirement products.
December 05, 2011
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans today joined 30 House Democrats in requesting that the Department of Labor significantly narrow its definition of "fiduciary" in a rule the agency is currently drafting that would impact the sale of retirement products.
November 29, 2011
DOL Issues Final Rule on Investment Advice . . . Again (K&L Gates)The goal of the DOLs recent investment advice ruling was a challenging one: how to best make advice available to those who needed it, without substantially increasing the chance that unfair or ill advice would be given.
November 22, 2011
7 Areas of ‘Relief’ for Advisors in DOL’s Reproposed Fiduciary RuleWell-known ERISA attorney Fred Reish predicts the areas of relief DOL will provide when it reproposes its fiduciary rule.